Bridget Smith-Osbourne
Analysis
Hello BP Family,This is the deal I am currently looking at. The seller is offerring owner financing. It has been on market since last year. Ask price is $189,900. Two brick buildings consisting of six - 1 bds & on...
Brian Illingworth
MI real estate attorneys?
I just closed on a house in Warren Michigan. The home was already occupied with tenants who have been there for five years and always paid rent on time. I have since spoken with the female resident who states that t...
Rachael Collins
Property Taxes owed from two years prior to my purchase
I purchased a property in December of 2014 and have just received a default tax bill from 2012. My current year taxes are paid. This default showed on the initial preliminary title report I received and I inquired abo...
Brennen Cook
Unapproved BUT recorded deed of trust.
Quick question BP. Hope someone out there can help.I have a hard money loan out that the investor has defaulted on. I am in second position and have beaten everyone to the forclosure punch. When I originally gave the ...
Sean H.
Having Civil Engineer approve plans/construction vs. Getting Permits for resale in CA??
Hi Guys,My client and I have a project and I'm trying to give her some help, so naturally I come to BP!She is looking to remodel the kitchen by knocking down a load bearing wall, as well as move the kitchen sink/dishw...
Donna Lockwood
Self Directed 401K Questions
Hi, I have a few questions related to using funds from my self directed 401k.I purchased a flip through a hard money lender and my note has come due. I'm going to lose regardless on this flip because of the interest a...
Jason Xue
Commercial Multifamily Valuation
Question on commercial multifamily valuation...When I analyze deals, I include Reserves (10%, set aside for CapEx) in the Operating Expenses, which means it is a part of my NOI calculation. That's how I do it internal...
Mark Updegraff
Contract Painter's Insurance Coverage, is this enough? Thanks!
Hi All, Still relatively new to the game and want to make sure that this is adequate for an exterior paint job.
The insurance co faxed me the following (and is mailing a hard copy for my records):...
Lori De Stefano
HOA intentionally held payment so they could put a lien on my home and collect attorney fees
Need to know legally what I can do. After a battle with my HOA over unpaid dues they never notified me about for 8 months I agreed to pay the dues and the late fees but not the attorney fees unless they could legally ...
Vee Turato
Lease renewal and rent increase in COVID times
Hi everyone,
With lease renewals coming up , are you guys renewing it back to a Year lease with your tenants or just rolling it back month to month and why?
Also, i was planning on raising the rent by min 3% (25$)...