Chris Purcell
Question about Mechanic Liens
I was having a conversation with my buddy and the topic of mechanic liens come up, where a contractor can file a lien and it can attach to your propertySo it got me curious and I started researching. I don’t plan on ...
Account Closed
Stuck In a Terrible Lending Situation
Hey BP,
My wife and I just closed this past week on a house that we are using as a rental. Throughout the entire process working with our lender, we told him over and over that this would be a non owner occu...
Gabe G.
Reasonable time for repair/replace oven?
Tenant called on saturday afternoon, indicating there was an issue with the oven and is not working.I called some appliance repair companies on saturday, but of course most aren't working and returned my call on Monda...
Bill Mitchell
Will Cash Flowing Rentals Disappear When Interest Rates Increase?
As the topic states, will cash flowing properties disappear when interest rates increases?
Once rates go higher than 5%+ the debt service on the loan is going to increase. Not to mention the market will likely be le...
Charlie Moore
Tenant making threats to me during eviction....
I am fearful that my tenant is willing to act on his threats. the threats are current and are happening because I’m evicting him
Robert McEachern
Depreciation Recapture in Seller Financed Transaction
Hello All:I am trying to purchase a 4-plex using seller financing and the Seller's accountant is telling the Seller that they need to receive enough of a down payment to cover the depreciation recapture which is taxab...
Account Closed
Closing Tomorrow - Just Learned House is Condemned!
Hi BP Friends!
You have yet to let me down and I am once again, as a beginner, asking for your help!
I am scheduled to close on a property tomorrow. I contacted the city's electric company to start service and was...
Erin Spradlin
Do you generally like your tenants?
Frequently, I encounter people that are reticent to become investors because they believe that tenants are a major, consistent problem. I think this is a fair assumption as it is something that seems to be theme that ...
James Wise
Is there way too much encouragement of no money down investing?
I constantly see new posts from members saying things like
Got a sweet deal, but no money. What do I do?How do I find private money?How do I fund my deal if I have bad credit & no income etc?I want to get started...
Jeff S.
Anyone do a will instead of a trust?
I know a couple of older (70's and 80's) couples who had their wills updated and their attorney switched to trust and charged one $6k and another $10k. That sounds excessive to me.The last older couple I knew had a pr...