Sarah Wolfe
What qualifies a home as "uninhabitable" for ALE?
We had a hot water pipe burst under our kitchen sink recently, and it affected only our kitchen and half bath attached to it. Our kitchen is now gutted to the studs, and is in the process of having the subfloor remov...
Chris H
How do I collect a fee?
I have a buyer who has agreed to buy a home for $140K (knowing that I am going to collect $10K). I have a home which the seller will sell to me for $130K. The home will appraise for $160K and the buyers will need to...
Kirsten Ostby
Rental pricing and turnover time in Fayetteville NC
I'm looking for advice... I have a SFR in Fayetteville NC that I had priced slightly above market, but now it's been listed for rent for a month with no quality applicants. I dropped the rent by $30/month, to $795, bu...
Quandra Adams
Non rent and damage related Deposit deductions
(NC Landlord here) There are two lease violations in question:#1- Smoking in the unit (prohibited on lease and addressed with tenant to no avail)#2- In April, my tenant asked if she can add someone to her lease. I tol...
Kenan Heppe
Effect of Mortgage and Rent Moratoriums on L.A. Market?
Hello wonderful BP World! I hope to get your take on this subject.
I'm hoping to co-purchase a triplex in Los Angeles County sometime in the next six months. Obviously, this is a very turbulent time for many reasons,...
Johnathan Blassingame
Section 8 Tenant - Retracted 60-Day Notice
I recently inherited a triplex with section 8 tenants in Trenton, NJ (Mercer County). Unit 1 has a tenant paying $1,058 / month (state pays $1,000, tenant pays $58). His lease is set to expire on 10/29/22 and he gave ...
Aron Teran
Am I Missing Something?
I've started doing some research on how to best finance my first investment property (buy and hold). Met with a local bank, they offer 80% loan plus rehab costs in a 5/1 ARM at 4.5%. I will be looking for a home in th...
Whitney Breedlove
Assistance with Hard Money expense calculation
Super basic question alert! I have trouble factoring in exactly how much my hard money expenses on a given project will be. I am looking to use hard money to purchase a home with cash, perform light rehab, and then re...
Linda L.
Provide Transactional Funding
A-Seller, B-Wholesaler, C-End buyer
When you provide transactional funding to B as a lender, what are the things that you need to watch out for?
C provides non refundable deposit. Is there a % to the fu...
Justin Carter
Chicago Residential Lease 2020
Hello All,I just purchased my first 3 flat in the South side of Chicago and I am looking to put my current tenants on leases (they are currently MTM). Does anyone have access to the 2020 Residential Lease provided by ...