Sam Leon
Reimburse tenant for major inconvenience?
I have a major plumbing issue at a SFR rental that involves a complicated solution. Don't want to get into details but it requires coordinated activities with three separate trades, and bottom line is my tenant is no...
Eric Miller
Insurance clause in note?
Good morning real estate gurus. I have a question about a house we are selling. We own it free and clear, and have accepted an offer for about 34% down with the rest seller financing. My question is, should there b...
Daniel E.
Can you email a nonperforming (NPN) borrower?
Wanted to know if it is legal to email a borrower. I have the work / personal email (borrower is an unaffiliated realtor) and have not been able to get a hold of the borrower. Wanted to try email, just to get the dial...
Joseph Dain
VA Foreclosure AS-IS
We are looking at buying a VA foreclosure that is being sold AS-IS. They are offering a VA loan. They are planning on fixing a few things, but possibly not all, i.e. pool pump.My question is that since they are offeri...
Paul Chase
LLCs and asset protection
It's fairly well known that REI properties should be held in an LLC or a similar entity to protect your personal assets if something happen with tenants at the property. But that's not necessarily a two way street, a...
Marci Mayes
Selling using a Wrap Mortgage
My daughter currently has a conventional mortgage on a home in Alabama. She would like to sell her house using a wrap mortgage. Does anyone have any recommendations for a loan originator and loan servicer in Alabama w...
Eric Hathway
Urgent- Rental unit flooded. Where does tenant go?
One of my rentals flooded today. It appears to be a backup in the city pipes in the street and the workers are working on it. No blockage was found in my sewer lines. My tenant has sewer water in her entire unit and c...
Marcin G.
Rental house lost power, tenant wants to move to hotel
After yesterday's storm Isaias, the rental house lost power and ETR is provided by PSEG for Aug 9th. The tenants want to go to the hotel for a few days until the power is back on.I am sure their food in the refrigerat...
Xavier G.
Special Warranty Deed & Foreclosures, what to look for?
I am looking at a property in Texas that is in Foreclosure from a reverse mortgage company. The previous owner was a hoarder and my research seems to show that he was foreclosed on because of past due taxes (on top of...
Paige A.
VRBO trip insurance and vacation rental agreement terms
Hi BP community! I am a newbie to vacation rentals - helping my mother and father turn their beach home into a rental to help subsidize (likely, soon) assisted living/nursing home expenses. Their property is in Sout...