Scott Rogers
Furnace Eyesore in Rental
Hello all,
My property management company is having some trouble renting out one of the units in my recently acquired duplex (It doesn't help that it is the dead of winter in Wisconsin, lesson learned). Another of t...
Megan Greathouse
Unit Needs Renovation -- kick out the tenant or let them stay??
Hello, fellow landlords! I bought a duplex in October that needed work. I inherited a tenant on one side and the other was vacant, so I went to work fixing and updating the vacant unit. It's now complete, and I was ab...
Ryan G.
Whacky appraisal logic on Cash Out refi?
Hi all,
I'm doing a cash out refi, and the appraised value is "okay", but I think it's off by about 20k; which makes a huge difference in the cash out value. Essentially, there are 4 adjustments the appraiser is doi...
Elbert O.
Kitchen/Bathrooms or A/C?
I have a 4 unit multifamily in Chicago and would like to upgrade the vacant unit. The unit is large (1750 sq ft) and is a 3bd/1.5 bath, but the building is old and the units don’t have a/c or dishwasher. PM thinks i...
Adam Kozuch
Suggested Readings for new Milwaukee Landlord
Hey BP,I will be a new landlord in Milwaukee, Wisconsin soon and I am wondering if there are any specific readings for the state I should look into. I have already looked into "The Wisconsin Way" and Wisconsin statute...
Jessica Parker
"Share Your Credit"
Hey fellow BP'ers! So I just stumbled upon this website (shareyourcredit.com) and I'm wondering if anybody here has had any experience with it? I'm debating giving it a try, but I'm pretty leary still and would love...
Maugno M.
Bank wont let me BRRRR. HELOC ONLY. HELP!
I have a home i bought and nearly finished rehab. Started doing my paperwork to do a cash out refinance and back says i have to treat this as a HOME EQUITY loan. It still is a 80%ltv but max is 20year. They said i nee...
Adam Tafel
Mortgage forbearance - yes or no?
Fanny/Freddy have put special provisions in place to help homeowners and landlords. Has anyone read the fine print? Wondering if there is any downside to doing this for a few months. Even if your property is fully ren...
Jordan L.
Of these 2 REOs, which would you pick?
I've got two homes I'm eyeing. Both built in 2005. Location the same. One's 1900 sq ft home selling for 190k. Will definitely rent out for $1500 a month. Another is 2950 sq ft home selling for 220k. Will definitely re...
Account Closed
Burned on foreclosure purchase
I was wondering if there is any investors who would be willing to share a horror story on a foreclosure they bought only to find they got more than they bargained for.To get the ball rolling he is one of mine.The stor...