James Kandasamy
AC cannot cool below 78F
Hi BPers,We have a house that was built in 1984 in Texas. The tenant claims that the AC cannot cool down below 78 F. The outside temperature was around 100 F when they claim this. The AC is running all the time. The A...
Tyson Bumgarner
Starting RE investing with multi-family units? My plan.
For starters, I have zero RE investing experience. I am not interested in owning SFH. Is it's reasonable to believe I could be successful starting off with multi-family units?
Here is my plan (keep in mind my 0 exper...
William Allen
Cash out refinance success
I wanted to post the story of a rental house that we purchased a few months ago and just got done with a cash out refinance. The numbers are great and I think they will give some of you the motivation needed to pull ...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Jestin Sorenson
prospective tenants with high debt to income ratios
I have a couple applicants that are married with a newborn baby. She plans on staying home with the baby. They both have mid 700's on the smartmove application, which I think is really good. They both are college educ...
Derek Persuit
Many Retail Stores Closing! What Happens Next?
We're beginning to hear from all over that retail stores are closing and at a very high rate. Amazon and online shopping alike has made it convenient and easy for us to do a one stop shop for things from groceries to ...
Matt R.
The changing face of Los Angeles - Gentrification areas
Ucla recently covered this topic. LA has 85 hoods and the population is predicted to grow 30% by 2030. The city is looking for solutions to help with the housing shortages including allowing granny flats in backyards....
Hannah Stephenson
Why can't I sell my flip!
We bought a home in one of the nicer zip codes in our city, in the top school district at what we thought was a deal. We put a significant amount of money into the house and have received excellent feedback on the ren...
Ralph Miller
Tenants Asking for Me to Subsidize Their Electricity Bill
I have tenants asking me to subsidize their electricity bill bc it more than doubled in the month of May-June.....this is the story. Please provide input.About two weeks ago their AC unit broke. I immediately had a ...
Ida Saidkariev
1st buy, and not so sure if I should just go for it
Soooo...I found this fixer upper property on MLS , it has been there for 3days so far. Its listed as duplex, but it has four units rented out . Looks like needs exterior paint maybe more, no due diligence allowed till...