Kendall Mercer
Problem with a contractor
So I recently bought a SFH to rent out and just had it remodeled. The guy I hired I asked to do a laundry list of tasks which included painting the exterior. That same day I contact him for the job I had told him I wa...
Denisha Choice
BE CAREFUL....BIRDOGGING vs. WHOLSALING.
I have read and listened to many videos that express how either you want to start your business being a birddog/wholesaler because it can bring you quick profits to it telling me that this practice is illegal and shou...
Coley Mitchell
POA charging me for work I never approved
Hello BP,
I am dealing with an issue with my POA management company and am wondering best way to deal with it.
My unit (located in GA) had a cracked window in my rental property that I guess is a common...
Ryan Tortorich
Selling agent insisting on dual agency for liability purposes
My brothers and I don't have an agent because we wanted to reduce any expenses (i.e. agent commission) we could since we are just starting out. However, the listing agent is claiming that she "will be held responsible...
Matthew Haussmann
Foreclosure- Who takes the loss
I've been trying to find out who takes the loss on a foreclosure. Every answer I've found seems suspect. If anyone could help I would appreciate it. Here's the situation: I found a property that went to ...
Aaron B.
Triplex Deal; Need Finance Advice
2300 Sq ft TriplexList Price: $600 kUnit 1: 2 BR $1850/monthUnit 2: 2 BR $1600/monthUnit 3: 1 BR $1100/monthTotal Rent: $4550/monthGross Income: $54,600/yrGRM: 11Assuming taxes and maintenance are 1.5% of list, each, ...
Logan I.
Can a 5th+ mortgage/FHA
Hi All -Must an FHA loan be one of your first 4 mortgages or is there no relevant restriction? To put it another way, can a 5th+ mortgage be an FHA loan? Are there any other relevant considerations surrounding the num...
Darren Horrocks
Rooming Houses - Risk vs Reward?
I am curious to get some opinions on rooming houses. (A single house, rented per room /w shared kitchen/bath) Typically D or C occupants. Rented month to month. Apparently no vacancy in the property I'm looking at and...
Brian H.
Tax strategies when you start making a bit more...
Howdy everyone. Hope you are all doing great!So, this year, I will make around $140k on paper. I make right over $70k at my day job (with... no benefits, yes I know, moot point) and my rentals will pull in right arou...
Jim Owens
Purchasing a condo with hard money
I am purchasing a small condo for 35k and it is worth about 70-75k. I am using hard money to purchase this condo and the hard money loan is good for one year. I would like to know if there is a way to refi the prope...