Andrew R.
Appraisal: Lender charged me huge markup
Hi, I got 2 appraisals done and the cover sheet showed the fee around $300 each.The lender (Wells Fargo) charged me over $600 for each one. I had to pay this fee in advance on my credit card, directly to Wells Fargo....
Ryan N.
Renting spare room to buddy and his girlfriend
Good Afternoon BP Community!Hoping to gain some insight. Recently I have purchased my first home, condo 2bd/2.5bth, and am looking to rent out the spare room to help with the cost of the mortgage. A good buddy of mine...
Leo Hurtado
Out of State tax for a new LLC
how to file my taxes for 2019, when I have an LLC in calif. and one in texas under a LLC in wyoming. I need help are there any tax people out there that can help me without costing me an arm and a leg. I live in Cali...
Melanie Daigle
Cleveland Ohio Property Expenses
I am looking to invest in Cleveland, Ohio and I would like to know what you suggest including in monthly property management/maintenance fees? I’ve only ever purchased homes in Houston, Texas so the first thing that c...
Scott Frame
Appraisal Cost Higher for Investment Loans?
I am purchasing a property with a conventional investment loan and the lender is giving me a price of $795 for the appraisal, stating that "appraisals cost more for investment loans". Is this true? Why should an appra...
Brandon Schlichter
Penalty/fee schedule for tenants?
This year we've had a few problems with houses falling in disrepair due to tenant neglect. This is of course our fault for not strictly enforcing regular inspections. However, up to this point, our leases have had jus...
Daniel Domer
AirBNB Single Family in Different State using Vacasa
Wondering if anyone on BP has experience with this, I'd love to chat on it. Live in Twin Cities (market sucks for investing up here, low inventory and over inflated prices on single family homes). Looking at purchasin...
Quan Chen
Are These Property Management Fees Normal?
I am looking for a property management firm for my rentals in Atlanta and many of the management company ask for 1st month of rent plus 8-10% of the monthly rents. They'll continue to charge the 1st month rent for ea...
Don Zhang
Need to rent out a house with leased solar panels, advise please
This single family house has leased solar panels. Currently paying about $130 per month for the lease. Similar properties without solar panels rent for about $2200~2400 in local market. I'm thinking about adding a cla...
Evan Kline
Management fees for MTR
My wife and own some MTR's in the Winston Salem area. We've had a lot of success and I got my RE license to help with our own investment and also help others replicate what we've done in Winston Salem. I've had a good...