Hi friends,
I have noticed that most folks on the forum here at BP are very concerned about not breaking the Fed laws that many people under-look state licensing requirements.
Below is a list of the requirements fro...
I allowed a tenant to have pets (3 small dogs), with a pet deposit of $300. He was the first tenant in a newly renovated unit with refinished wood floors. After several visits in which I found feces on the floor, a gr...
First situation: Apartment was advertised at $1400 for a 2 bed/1 bath house. Prospective tenants had 2 pets and we agreed to increase rent to $1430 (15/pet). Lease was written up with the 2 pets allowed and the rent s...
This property is our personal former home and I list it by myself as a realtor.
One new headache needs experienced landlords help: one potential has good income, meet the criteria of credit score (close to 680) and m...
I am in the process of renovating a rental property and I need to replace eight windows upstairs and one window in the basement.I have contacted four contractors to come on Monday and Tuesday to provide a price for in...
I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into ...
I have probably a dumb question, so bear with me!I've seen the $100/door evaluation criteria discussed, and cashflow also discussed. I've listened to a few podcasts where people are discussing cashflow with regards to...
I just purchased my primary residence in a new city with cash ($350k) and have another $250k sitting in cash.Should I buy our first rental unit(s) with cash (after reserving 6-8 months living expenses)? As context, we...
$7M on one deal and it's out there for the whole world to see.http://therealdeal.com/blog/2014/10/14/joel-schreibers-waterbridge-flips-williamsburg-contract-for-106m-sources/Now, all you naysayers, please have a seat ...
So recently I’ve been incredibly excited about this new journey of REI. I’ve been looking at properties in the Indianapolis/Louisville markets and have found some places I’m interested in. No one in my family has any ...