Sheila Bee
Tenants delayed reporting a leak and now want flooring replaced
Hi all, I have an investment property in LA (my old house before I got married and moved). My tenants moved in in March and are annoying but pay on time, so thus far it’s been fine. However, last week the toilet start...
Ryan W.
Preliminary title search in NJ to identify red flags
When researching pre-foreclosure properties, I get an initial feel for the lien situation from the foreclosure complaint, but know there may be others out there. Short of doing my own search at the courthouse, what a...
George P.
I am carrying a note... best way to check borrower's credit?
Good afternoonI am going to carry a note on an investment property.Its short term (3 or 5 yrs), high % (10-12), but rather small amount (9-10k).The guy puts down about 40 % of the selling price.Now to the question - w...
Brandon Vallee
Late Payment on Credit Score after Covid Forbearance
Hello fellow BP members! I am a beginner real estate investor and 29-year-old BP fan. I purchased my first 3-unit apartment building in January of 2020 and have been on the landlord roller coaster ever since. During t...
Michinori Kaneko
CapEx for multi-unit buildings
Hi All,
I've invested in several SFHs but i've been blessed with an opportunity to potentially buy a 60-unit residential building. Since this is the first time i'm investing in a building, i'm a little clueless as...
Gulliver R.
Using Collection agencies to get back rent
Has anyone ever used a collection agency to get unpaid rent plus late fees paid back to you from your past tenants? How does it work?What does it cost usually?What collection agencies do you recommend?And do you recom...
Clayton Silva
Hot Topic: Fed Cut Won't Do Much (Sept 2024)
It's still just over 3 weeks away, but questions are already ramping up regarding the impact of the Fed's rate cut on mortgage rates. Here is exactly what the rate cut itself will do: NOTHING!
The easiest way to und...
Account Closed
Non-Perfoming Notes 100% UPB
I have been searching the fci exchange and have come across a couple of non-performing firsts that are selling are over 100% upb .I see that the note is at 8.5% ,the original balance was at over $200k and it is now ar...
Tim James R.
Should my partner & I start an LLC?
Took the first step and began looking at properties today! We visited 3! Should we start an LLC if my friend and I decide to partner up?? What are some of the positives and negatives of doing so? And will we benefit f...
Ken R.
Seeking Home Inspector and structural engineer
Hello BP family! We're looking for a good and reliable home inspector as well as a structural engineer in the Oklahoma City area. Need a reasonable rate and fast turn around time. Any recommendations? Thanks in advance.