Dale T.
How does the Bank Value the Note amount?
Hi all, If I were to buy a note directly from the bank, Then how do I figure what to offer. Does the bank do a BPO? Or are they taking the value from the amount owed on the note. If the Value of the House is not near ...
Jennifer O.
Buying MFH with existing leases I am not crazy about...ideas?
Hi BP,Have an offer in on a MFH (competitive bid situation) and I have just received the existing 3 leases (that expire anywhere from 30 to 120 days after I take possession).I'm not crazy about how the leases are writ...
James Allen
SBA EIDL Loan Has Strings Attached - Is it really worth it?
I've been seeing a lot of people confused over these EIDL Loans including myself so I figured I'd start a discussion to help all of us make better informed decisions. Apologies if this is already been addressed somewh...
Matthew Holland
Contract Question - Are Architectural Services Permit Costs?
Hi BP Team,
I have a question related to my recent bathroom addition & kitchen remodel. I hired a contractor for the project and we spelled out all of the different items that I wanted them to complete. Two of ...
Account Closed
What type of rental should this be? Next step?
I bought a house three months ago to use as rental. I furnished it hoping I can try out airbnb while posting my rental and waiting for prospective tenants. But I am not liking this airbnb as I am not in the mood of ho...
Johnny Khoury
When and when Not to get rid of a property
Hi every one,I have a propriety in Memphis that is braking even in income and expense .Just asking to see if I should sell or trade it in for a cheaper propriety .I have had it for about a year and its rented out for ...
Nick Mainella
Call from Detective....
I have to share an experience that I had today. I'm wondering if this is something that has happened to others. I'm fairly new to this, and definitely wasn't expecting a call from the police!I got a voicemail last n...
Bao Nguyen
submit offer before due diligence?
hello everyone.I am about to make an offer on a duplex, and I asked the realtor for the rent roll, the credit and background checks on the current tenants, and list of expenses. I was on the phone asking A LOT of que...
Al Williamson
Complete List of Tenant Fees
I'm trying to round up all the different types of fees a landlord could charge their residents. This isn't my favorite income idea but there is no doubt collecting fees is a way to prevent more costly mistakes. What's...
Patricia Luna
City inspection due to tenant complain.
I have a rental in Harrisburg, PA. And was given a notice of code violation by a city inspector, due to a complained filed by my tenant.This is what I am being adviced to repair:1) Door not lacking completely.2) Leack...