Our out of state tenant just informed us her house was broken into today. Nothing major happened but wanted to make sure we aren’t missing anything as to what our responsibilities are as landlords.
I have an applicant who claims to be a teacher in NYC. I've seen pay stubs and one month of bank statements. I have never seen an employer make 4 different payroll deposits in a month. The deposit dates make little se...
So today my wife was showing one of our apartments that is a multifamily, a unit upstairs and downstairs. My wife and I along with our son use to live in the upstairs apartment and rented out the bottom. Being that we...
So I just recently purchased a duplex back in May of this year, we have inherited the tenants who have been there for years and they seem to be good and even paying rent early. One of them brought it to my attention t...
Hi Lending Specialists! I was talking with a lender today and he was under the impression that loans processed through Fannie Mae’s Desktop Underwriter (DU) would not be subject to the dreaded due on sale clause if th...
Hey BP community-newbie living in Colorado Springs getting ready to bite the bullet and could use some input:Here is my initial plan:Have a small guest cottage built (or prefab) in the back of our lot. We always want...
If I won the Powerball tonight I would invest heavily into value add and high performing Multifamily projects. Rent no matter what will always be in demand and when you setup a solid, high yield rental portfolio you w...
Yesterday, the U.S. House of Representatives passed H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. The bill, while intended to provide further relief to the American families and...
Hey BP,First... what a great community BP is! Huge resource.So I'm creating an initial contact letter to send to the owners of vacant homes. Basically it consists of a single picture of the home from the street, a bul...
Looking to hear from investors. What are you looking for when investing / partnering in a deal?