Jack B.
Tenant has gone insane before moveout
He's some construction worker. Rented the house 2 years, had a dispute with one neighbor and is now moving out. Been sending him notices of tours days in advance. One day I texted the notice to his OLD number that he ...
Daniel Webster
renovation loans and foreclosure
Hello all. I'm hoping to get some advice on a matter I'm having with the board of my condo complex.Briefly, they negotiated a $4.2M renovation loan whereby the collateral is the monthly assessments collected from the ...
Sunjae Bae
Does this HOA covenant means no "room-by-room" lease?
Hello, a newbie to BP and REI in general here. Excited to join this community!I'm looking into a townhouse right next to a big university complex; potentially leasing individual rooms (or the entire house) to grad stu...
Lisa Mauritis
Do Canadian's who invest in the US pay double taxes?
Hi All,My name is Lisa and I am just starting to invest in the US market for profit.I live in Canada for 6 months and florida for 6 months and have been doing this for the last 4 years. I have 1 property in florida f...
Mohamed Nagoor
Property disclosure question
Hello BP Team,Am in the process of purchasing my 1st flip. In the Property Disclosure -> Covenants, Fees and Assesment section, the seller marked YES to Q:Is the property subject to a recorded Declaration of Covena...
Michael M.
rental income from renting rooms in own home on mortgage?
I own a multifamily home. I live in one unit and rent out the other. In the unit that I live in, I rent out the other rooms. When I apply for a refi or a mortgage for a second home, can I include this rental income...
Dave Hodg
Asbestos lining in HVAC Ducts in slab floor
I am am looking at a 3/2 single family in Western Suburbs of Chicago as a buy and hold. The house is on a slab with the HVAC ducts buried in the concrete floor. We had a sample taken of the duct liner and it shows to ...
Christopher Carbonel
FHA house, Room Rental Income
Do I need to declare my rental income when I file for tax? What are my options?
My other question is, we are planning on saving all our rental income to acquire another property. When the time comes that we are fi...
Andrew P.
Tenant Left Apartment without paying all her rent
Hey everybody,
I had a tenant who I had to let vacate her lease early because of the inability to pay. I found someone to cover the last month of her lease but she was still short one month's rent. This occured last ...
Brian King
Insurance companies for rentals
I just went under contract on a 4 unit apartment building with a single family home on the same lot. The buildings need some TLC, but nothing major in my eyes.
My agent got the declaration pages from the current own...