Charles David
Condo Association Board of Directors / Advice for new guy... ME!!
HELLO BP Family. Today the Condo Association I am a member of had the annual elections. I volunteered and got elected as the Treasurer of the Board. I have attended the annual meetings before but have never been in...
Matthew Purvis
Exict or Not to exict that is the question.
Hello BP,I purchased a commercial multi-family in December. Unit 1 is a Market/Deli, unit 2 is a STR/ MTR, and unit 3 is a LTR. Mortgage is $2400. Unit 1 rent: $1850+++Unit 2 MTR rent: $2400 All includedUnit 3 LTR ren...
Collin Miles
Difference Rental: Bedroom vs. Unit
Hello BP Community,
I recently moved to Baltimore, MD and my first day I began looking at the property around me. In searching I found a 6 bd 3 ba brick structure that looks abandoned. I am going to send a letter to ...
Tom Scott
Sinkhole Home as a Rental?
There is a home for sale locally that has had a sinkhole repair. By all accounts the problem is solved but it's value is obviously damaged irreparably. Would you buy a house with a repaired sinkhole to be used as a re...
Carl Pickens
Entering Low income rental market in Griffin GA
Hello,I currently have 3 properties under contract in Griffin Ga.1) quadraplex at 60k, fully occupied at 390 per month 2) single family at 18k, occupied paying 4253) single family at 19.5k occupied paying 500The prope...
Jevon Reile
Commercial Rental Storefront with STR above.
Has anyone purchased a commercial retail space property with living space above and used to living space as a short term rental? From a tax perspective can the building be divided by square footage with the retail spa...
Reid Hanley
How to tenant screen Immigrant Tenants with no U.S. ID
I have been receiving a lot of interest in some of my rental mobile homes from Hispanic people that have recently moved to the U.S. from various Latin American countries (Central America and Mexico mostly). Most of t...
Emily Wiu
Help! Underwriter extended closing the day of closing!
My loan officer (not Penny Mac employee) is working with Penny Mac to secure me a loan on a primary home purchase. We started the process in late March, and we always provided everything they requested within 24 hours...
Demetrius Potts
Should/Can I hire a property management company before closing?
Hello, I will be purchasing my first investment property within the next 3 months. The property will be out of my state. I’m looking into property managers in the area and want to hire them and have paperwork comple...
Stephen E.
Screening Bingo
It is screening time again and I have an interesting one that focuses on income. I have an applicant for a recently renovated high rise condo who is a retired librarian with no dependents. She has spotless credit, he...