Oliver Davis
Section 8 protected tenant in Oakland, CA - rent payment
Hi BP! I would very much appreciate your insight on the following:
I am about to close on a duplex in Oakland, CA. The upper unit is vacant but the lower unit is occupied by a section 8 tenant. Just before listing th...
Kimberly Ashkenazi
Application for in-place Tenants?
Hello BPers!I recently acquired a triplex with tenants in place. All of the tenants have lived there for 3+ years and none of them has a written lease. I want to enter a lease with them, but I'd also like to ask the...
Jonah Stevenson
Real Estate Agents working with Huntsville Investors
I'm a long-time BP follower, and more recently minted Real Estate Agent in Huntsville.For investers who started as Agents, or Agents working with investors specifically:Any tips or advice for someone earlier in the ga...
Christina R.
verifying POF
BP Nation,
When I read posts on local REIA or Meetup boards I see whole sellers requesting proof of funds. How do you verify POF is actually from the potential buyer?
Are there sources of POF one shoul...
Nikolas Engel
Option negotiation: Tenant wants rent reduction
Hello all,I am in negotiation with a small business tenant (beauty sector) of a commercial retail property we bought last year. The property has several suites, tenant leases 1,200sf, initial lease term comes to an en...
Rick Edgeworth
Private Money Investment to build spec homes
I'm a home builder and have been approached multiple times from investors wanting to front the money for me to build additional spec homes. My question is what type of terms are these done on? What would be fair from ...
Rufus Brown
Property manager debt
I own a condo in Tallahassee and the property management company (PM1) for the building, had an ownership split. The other owner created another company, which I will call PM2. The split happen in August 2014, so all ...
Angela Smith
Bed bugs, NOT! Tenant annoying
I have a tenant who has a complaint every week.
The question de jour is “has there ever been a bed bug problem in this house?”
I told her it’s never been a concern and her response, “just wondering”.
Then I misse...
William Coet
Massive Water Bill From Leak. Will Insurance Pay?
The leak was caused by a hole in the water supply line. Does anybody know if homeowners insurance will cover the massive water bill (over 10k)?
Joel Florek
Broker Putting Up Roadblocks.... HELP!
BP Nation Hello! I currently own a portfolio of 20 apartments(4 unit and 16 unit) with an appraised value of $910k. These are located in the Upper Peninsula of Michigan. I moved south to Indiana and am looking at buyi...