J. B.
Tenant damage; low remodel bid; high remodel costs... Now what?
Age 40. Owner of a singe-family rental homePurchase price 15 years ago: $200,000 (zero down payment)Current value: $400,000+Current mortgage: 20-year fixed with 19 years remaining @ 2.875%Seeking advice and opinion...
Michinori Kaneko
Property manager pocketing late fees
Hi BP,I have used my property manager for about 9 months now, so far i've been happy with what they have been doing. I signed a contract with them back then, and every property which I have acquired and managed has b...
Luc Boiron
I just paid an $80,000 wholesale fee...
Another investor in my network recently got a property under contract, and was looking to assign it. I saw it on Monday, and he gave me his "buy it now" price (ie: don't wait to see if any other investors are interest...
Josephine Wilson
Why are people buying at these prices?
Newbie question here: I'm looking to buy a Class A triplex or quad within 10 minutes of my house and doing property management and maintenance myself. I live close to a large university. Of the 20 recently-sold small ...
Michinori Kaneko
Concern about future of real estate investing?
Hi BP,I'm a new real estate investor in NY. I invest in properties in Indiana. I closed on my first rental property last month, and currently fixing up the place to hopefully rent it out soon (should be advertising s...
Paul Stewart
Tenant is dirty but Pays on time
Hi Everyone So I currently House hack my home in Long Island NY. I have owned the property and lived in it for almost 3 years. I'm on my 3rd tenants that are a couple. They are very nice and always pay on time but be...
Garmeon Y.
Trump Nation suspends FHA rate cuts
Today was President Trump's inauguration. The administration wasted no time and has halted one of Obama's last minute legislations to cute PMI rates. Correct me if I'm wrong, but I thought Trump is pro-real estate? Is...
Ray Steele
HEAVEN OR HELL
Hey BP.This is a serious question with no time for fun and games.The Bible says JESUS CHRIST is the only way to HEAVEN.I believe it.Sooner or later we will all die and stand before GOD.If you except and admit that whe...
Sarah Buchanan
What can we legally ask in screening a felon? (sex offender)
I had a potential tenant contact me and ask if I accept felons. I have read that it's illegal (discrimination) to flat out say "no felons" so I asked what the crime was. He said "sex offender, 16 years ago when I wa...
Sylvia B.
Do these goofy letters actually work?
In 2011 we bought a piece of land between our house and the paved road so that we could put in a driveway and avoid using the (terrible) county road. It came with a house, so we started our landlord adventure. That pa...