Mike Lynch
What to do with new commercial purchase?
HiI pulled the trigger, a couple of months ago, on a 2000 sq ft building in a very busy road frontage location in Ocean Isle Beach, NC. We have no mortgage on the building, as we flipped a large waterfront home for th...
Naftali Tolibas
Requiring Renters Insurance in the Lease
So I am currently working to close on my first Duplex and called for property insurance. The insurance company recommended that the renters get renters insurance, and that it should be on the lease. I'm not sure if th...
Nick Aderman
Inherited a tenant with 2 pit bulls not sure what to do
Hello BP, my wife and I recently bought our first rental (a Duplex in Sacramento) We inherited tenants on both sides. They have both been long term renters at this property, and after inspections they both seem to tak...
John McKee
Why I like neighborhood condos
A great asset often overlooked is the ground floor condo of a midsize building on main street usaHere are the benefits:They are generally small in size They can be used as office or retailEasy to rent Around the clock...
Stephen Bernard
Chattanooga TN Flip insurance
Hey Team!New to the game and have my first flip under contract. I'm in need of an insurance policy while holding the property- my team is using hard money. I expect the time between close and sale to be 3-4 months. An...
Samantha Klein
Long Term tenants with dog
I'm interested in a 2 unit property on the MLS. I tell my agent and he sent over the leases. The leases indicate there is a no pet policy but in the MLS photos, a dog food bowl and bucket a water can be seen in the la...
Ryan Adams
Insurance clause - burst pipe in parents vacant rental
Hey BP,
Long time reader first time poster! (Wish it were a more positive topic)
My parents own a rental property in Freezego, I mean Fargo. Today they were notified by the property manager that a pipe has Frozen ...
David Edwards
Ways around “due at sale” clause
Morning BP,To make a long story short I just spoke with my lender about acceptable transfers on my mortgage and they have determined that a deed transfer to an LLC is an “unacceptable transfer”.From your (the communit...
Alyse Oz
Just bought a dilapidated Multifamily in philly - first steps?
The property is RM-1 multifamily. The house is in really bad shape, it has been vacant for a long time and has no kitchen or anything - also part of it has no floor. The lot is huge 5000 sq feet but 2300 has been bu...
Penny Myers
Private Mortgage Insurance
We are owner financing the sale of one of our rental properties. We would like to require the buyer to have mortgage insurance. Any recommendations or referrals to companies that offer such a product?