Valerie Buss
To Hold Your Ground or Back Down?
This is a WWYD situation:We were contacted by a potential tenant whose rental costs would be covered by an insurance adjusting company (referred to as XYZ Company) due to loss in a natural disaster. XYZ asked over the...
Sara Bolliger
Major water damage on out of town rental
I was notified by my property manager that after my tenants moved out (February in Indianapolis), the utility company failed to put the utilities in my property manager's name and instead shut them off. I don't know...
Steve Tse
Syndication deal help
Hi BP community,I am fairly new to syndications and would love someone seasoned and experienced in syndication world to sit down with me and go over the numbers. I would like to learn of any potential red flags in the...
Robert Curls
No shows
I recently advertised a home I have for rent in Clearwater, a great 2/2 with updated kitchen and baths, a really nice property. Just lie the last several times I've lists I had a lot of demand to see it. So I thought,...
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...
Kobi Walsh
What am I Doing Wrong??
Hey BP, I'm looking into a 455k 11% cap turn-key 7 unit fully managed off-market property in Southern Chicago, and I'm trying to figure out if I'm doing something wrong in my analysis. The property is in a C grade tre...
Account Closed
Editing profile problem
Josh I am having problems editing my profile, it is telling me that there is an error that the my "Badgings are Invalid".
Jason Mayers
How does seller go through probate so we can get contract signed
How long does it take for seller to get probate done. So we can get the house under contract? My title company told me she can’t sign the contract until she goes through probate!!
Erica M.
Help! - am I getting played by realtor or bank!?
Hi guys...I need some advice. Over a month ago we were among the first to put in cash offer on a foreclosed home. There were several other bids. We then put in highest and best. Told they would make a decision quickly...
Alison Brenner
Roofer refuses to provide lien waivers for subcontractor (tear-off crew)
I just replaced three roofs - over $90K total. All payments have been made except for final payment for the third replacement ($20K is owed). The roofing company provided lien waivers for the two replacements that hav...