Christian Nachtrieb
Partnering on deal with one other person
Hi BP,I'm planning on partnering with someone on a future deal, the issue is they will be the one supplying the down payment which will roughly be $50-70k. We're going to do a simple 50/50 equity split on the ownershi...
Ryan Sajdera
What can I use security deposit for?
Hey BP, I was wondering what I can use a security deposit for, in terms of repairs. I currently have a house that is going to need ALL of the rooms repainted upon move out. The question is, can i use the security depo...
Andrey Rudenko
Housing Crash after Fed Rate Hike?
After a period of low interest rates that fueled housing market, the Federal Reserve is meeting on March 14-15 with the stated goal to raise the benchmark interest rates from near zero. Many are saying that this will ...
Philip Mullinax
Can landlords charge a labor rate
Does anyone know if landlords can charge a labor rate in sc for tenant repairs?
August Faustino
Tenant ran into water supply main for building
Hi All,We got an email this morning from a tenant who ran into the water supply main for the building with his car last night. Water is off on the building now and we have called a plumber and arranged for it to be f...
Account Closed
California SB 978
Anybody familiar with this new CA law that starts Jan 1, 2013?
Sounds like when you sell a trust deed investment you have to make sure the buyer is “suitable”, if it is determined they are not you can be subject to s...
Daria B.
2nd pos (gap funding) on REOs
Hi -I'm looking for structure from those who have done this - provided (gap fund) funds for an investment (REO) where the initial funds were supplied by another investor. As the person supplying the "gap", so to speak...
Doug Woodward
Securing a loan for rehab expenses
We have a flip property that we close on this Friday.ARV (by Subject To Repair Appraisal) = $440KPurchase Price = $230KRepair Estimate = $100K We have secured private money to take the property down @ 10% and no point...
Ceasar Blackman
Home Security for Rental ??
Hey everyone, I wanted to know if any landlords see value in having a home security system on a rental property? Obviously the renter would have their own codes and etc, but owner holding the master codes and paying t...
Bill Flannagan
Landlord repair effort when returning security deposit
I recently completed my first year of being a landlord. The lease has ended and I owe the tenants part of their security deposit back. I had to have some repairs completed. Some things I had to sub out and have invoic...