Sam Booth
Reserves and Rental Property Home Insurance
Hi all,I have 2 rental properties in Alabama. Both are in outstanding condition and everything is currently going great with tenants, etc. What sort of reserves do you usually have in hand for repairs and CapEx?What s...
Diane Leikas
Loss of Rents Due to Eviction Moratorium
Should landlord policies cover loss of rents due to eviction moratoriums that are now in effect for most state and local jurisdictions? I asked my agent this question two weeks ago and was told loss of rents under th...
Randy Johns
Are Reserves Required?
Looking to purchase 1st multi-family and being told that I need 6 months reserves after down payment and closing costs. Is this true, is this new? (Ex: mortgage is $3k, would need $18k on top of closing costs and down...
Account Closed
Mold Remediation in a Town Home
Working on a deal in Williamsburg Va. It is a REO that has been vacant for 12+ months; and this is a first for us, we had to sign a mold disclosure before entering the property. We were not scared of mold remediatio...
Account Closed
Discrimination law in Michigan being amended
Devastating Results for Gay People By Tom McKay December 8, 2014 SHARE TWEETThe news: What if you were evicted because you were gay, but there was nothing you could do about it? Denied service at a restaurant because...
Daniel Lang
Calculating CapEx in Long-Term Rentals
Hi All, Just getting started with real estate (haven't even made the first investment,) and I'm trying to find out what the best way to calculate CapEx will be on properties? Thanks for all the advice everybody!
Steven Greenspan
How to find syndication deals
What’s the best way to find syndication deals? Interested in being a part of one to learn more.
Jonathan B.
House with Equity, Paying off arrears and creating a 2nd mortgage
Here's a casein FL - Seller in foreclosure has 120k principal @4%, Shes 10k in arrears, house is worth about 250k, good condition.She wants to stay at the house, but doesn't mind selling it if needed.She will likely n...
Kristopher Kelly
What is a Safe "Reserves" level for a rental?
Hello again BP Fam, I am trying to decide the proper nest egg for a condo I have in Delaware. I was wondering what yall keep in the savings account for your properties and how you determine it from property to propert...
Jason DeMauro
Are you investing you CAPEX and Vacancy funds?
I am about to close on my first 2 duplexes this month. In my analysis I budget for vacancy and capital expenses (which I believe most of you are doing) and it comes to about $10k annually for each property.My question...