Kenny M.
Best way to switch out property management
In one of our locations, we allowed the realtor to be our property manager in upstate New York. This portfolio has grown quite a bit and it seems the current PM, a one man gang, just cannot handle the management. He...
Erik Martin
Switching properties that have mortgages into LLCs
Our mother owns 4 SFH investment properties in Florida. She purchased them all in cash with a 1031. She then got a mortgage on three of them to pull the money out to pay off a HELOC. The fourth home is still without a...
Marc Thomas
How to switch commercial property to residential
I have found a few great deals for the potential of a small MF but they are currently described as commercial. I would love some advice on how to go about getting this done. And how to present to the owner so it can b...
Jordan Spoerri
In contract but want to switch jobs
I am under contract for a new construction short term rental property and have been under contract since Feb. They have not started construction since there have been some permitting issues with the land. I was planni...
Mikel Kaubfa
Switching from homeowner Insurance to rental insurance
If I'm getting ready to move out and rent my property to tenants. How do you advice I proceed with changing from Homeowners insurance to Rental Insurance? Does my mortgage company need to get involved as well? Thanks
Kerry Baird
Long term tenant leaving...switching to STR
The local radio is advertising on behalf of myself and other hosts
LOL, for guests to enjoy their staycation here in Florida. I am going to take advantage of the situation and see about adding
another STR. I've g...
Irvin Nguyen
Switching from Property management to self management
Hi all,I currently own a rental property in Beaverton, OR. Our tenants lease ends in April and plan to renew it so they say for now anyways. My wife and I were currently looking to stop working with property manageme...
Sara Mickelson
Switching focus from appreciation to cash flow
Hey all, I have 2 long term rentals in Colorado that I got for appreciation purposes - don’t cash flow much. Now, I want to focus on cash (rental income, flips, etc.) If you were me, where would you start? I’ve consid...
Danny McGreevy
Switching from conventional loan to FHA loan
I own a fourplex, owner-occupied. I took out a conventional loan for this property and put down 20%.If I found another investment property that I really liked, would I be able to refi into an FHA loan to take back ou...
Andrés Uribe
Switching hard money loan after 3 months
Hello BP community.
I need advice on how to approach a hard money lender about switching my loan, from what I was already approved for. I've had the loan for 3 months now, and I might need to switch my strategy since...