Dominic R.
Best way to pay help
I just won a bid my fifth property and am waiting for it to close. It is going to need substantial work. A lot of it going to be manual labor. Since the closing is just before college gets out I would like to hire ...
Michael Herr
How would you fix this door?
Had a tenant tell me they broke a door. They apologized, said they would pay, asked me how to proceed. . . I don't recall seeing this type of door at Lowes/home depot, etc. It's far from a modern door. There is a...
Ryan Melton
Mold question
Hey guys,I'm new and would like your input on an a opportunity I've come across. I found a house that I think can't be bought for $20,000. The ARV is around $120,000. It's filled with mold. The previous owner obviousl...
Tyler Williams
Will I be able to change this to my favor?
Hey everyone, I'm about to close on a townhouse using the VA loan. I bought it for 260k and I'm financing half the closing fees. I am hoping to use my first home as a rental when I eventually move in 3-5 years. I used...
Michael Redmon
Will a LLC really protect you?
Hi,
I own three SFH rentals. I have the max liability on each. A friend mentioned his rentals are in a LLC. I wasn't sure I wanted to go thru the hassle of dealing with an LLC and my lawyer friend says it wont really...
Peter Grosso
Putting a lien on a property after a hard money loan is in place?
I have a complicated situation and I am going to try to express it clearly. I own 5 units in a 64 unit building. I agreed to partner with the owner of the rest of the units. We are upgrading the building and convert...
Katherine Val Verde
Denying an Applicant-Texas
I had a married couple apply to rent my property. This is my first property to own and first applicant so I am new to this. I am planning on denying their application for many reasons. The husband's credit score is ex...
David Michael
Which Brokerage will help you put more money in your pocket?
Hello BP,I am a real estate agent in Bergen County. I predominately work in listing my own properties, as I am also a developer, as well as a group of investors. I am at a moment in my career that I am evaluating whet...
Keith Behney
BEST WAY TO HANDLE LAUNDRY IN FOURPLEX
Good day, I'm in the process of buying my first fourplex (have one other property SFH) and I have a few questions on the best way to handle a couple things, any help/opinion is much appreciated:Laundry: current landlo...
Andrew Michaud
Do these income/expense numbers work for this 3 unit multifamily?
3 unit multi-family. Appraisal value 90k, selling price 70k. 15 year mortgage at 4.5%. Down payment 20% or 14k. Annual mortgage cost $6300.Rents:2 bed $600/mo tenant pays electric and heat1 bed $550/mo tenant pays ele...