Trey Gartner
HELP! - Seller not willing to complete repairs
Hi All,Long time lurker here on the forums and with the help from all you folks, I finally made my first step in real-estate investing and got my first house under contract!My question is regarding the second round of...
Brad Gibson
Avoiding Significant Damages to Rental Units
I'm a pretty experienced landlord that has been at this for 6 years. Just acquired my 29th and 30th doors, but of late I've been having trouble with BIG bills to turn units when tenants move out. I usually charge 1x...
Britt Griscom
Note With Option To Buy
I'm looking into lending a condo owner about 22k at about 10%. The note would be backed up by his condo, which I haven't been able to see the inside of because it is currently in litigation. The person living in it bo...
Eric Wong
Is it possible to cash out refinance free and clear investment properties?
Hi! I used a HELOC to purchase two SFH around ~250k each as cash deals about 2 years ago. Are there any options for me to get a fixed rate loan on each SFH so I can pay back my HELOC. The interest rate on the HELOC is...
Account Closed
Property under contract- Oil Tank found during inspection
Hi Everyone, I have a property under contract in the south side suburbs of Chicago. The inspector found an oil tank and he told me this could be a serious issue. We couldn't look at the tank because it was underground...
Lisa D.
Water damage-Tenant did not report leaking dishwasher
I am so upset that I could cry. My tenant notified me a couple weeks ago that "in the past week the dishwasher has been leaking". She forwarded pictures to me showing that the pantry next to it has water damage so s...
John Lee
Buyer repair request
This is my first deal, and I'm in a buyer market. Some of the request seem to be simple fix and trivial. What i need to agree to and what can i get away with without the deal fall through? I like the idea of just redu...
David Stone
How to handle mold reported by tenant
Hi BP!I have a duplex I rent out and have a tenant on one side who reported seeing mold in the corner by the ceiling above the shower. They said they scrubbed it away with a bleach solution and haven't seen a reoccur...
Bienes Raices
Cultured marble price question
I started a thread about replacing the bathroom tiles and then someone else started one about their cultured marble installation (unfortunately I was not able to find that thread again.
I was quoted $1800 by a compan...
Ashley Gamble
HELP! Sellers didn't disclose major issues - unrentable and requires massive repairs
We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose. M...