Wilson Lee
What would you Landlords do?
Greetings fellow landlords. Multi unit was purchased a few years ago. Inherited a tenant that already had 2 adults and 3 small children living in a small 2b1ba house. What should we do if the tenant was expecting a 4t...
Nat Rojas
Private Money (Friends / Family) - Can they lend to me?
Hi BP! I'm reaching out to a CPA and Attorney, but would like to poll the community as well.I'm in the process of discussing terms for lending from friends/family. If they want to lend me $5K, $10K, $15K, etc. and th...
Nicole Dechow
Seller Financing - How to gain trust
We are speaking with a seller, who has 100% equity in his properties. He is interested in seller financing so he does not get hit with taxes all at once. The only problem he has is with the fact that we are so new t...
Andrea P.
Lawn care woes for elderly couple in a duplex
I have a side by side duplex. My lease states that the tenants mow their side of the lawn. I have an elderly couple that paid my other tenant ($5/wk...enough to cover gas) to mow their lawn as well. Now that tenant ha...
Scott Walsh
Help! Am I Being Stupid?
Hi all,Offer was just accepted on my first deal and I am getting cold feet. Can you wise folks double-check me, please? Here are the details:8 unit complex. All 1 Bed/1BR units each renting for $400. Comparable re...
Kim Herrick
New Fourplex/ Low Rent
Hello All!I am in the process of purchasing a 4 unit apartment complex. The rent is below the market average by $65 per unit except for one. All four units are MTM and have long term tenants. The current owner pays ga...
Heather Dickison
Raising Rents Monthly?
Hello,I recently acquired a 6 unit property with existing tenants and under market rents. One tenant already asked if he can break his lease and move early (woohoo!). Most of the others are on month to month leases. W...
Irfan Saeed
Foundation leveling
Hi Guys - Would appreciate if someone can shed some light on the following issueMy structural engineer recommend 1 1/2 inch raise on each side of the house. However he mentioned that the house cannot be fully leveled ...
Harlan Vaughn
Can I sell a condo with a roof leak and broke HOA?
Thanks for any advice! I noticed a small leak in the ceiling of my condo on January 26th. Contacted the property manager because bylaws state damage from a common element (the roof in this case) makes the HOA responsi...
Amir Bekhit
Insurance for vacation rental/primary residence hybrid
Hello All,I'm in the process of buying a primary residence. I am also considering renting out part of the residence through airbnb. My question is about how to correctly navigate homeowner's insurance. I am currently ...