Nye Eddings
Buying proprty in Dekalb, IL to rent out to college students/young professionals
Hi BP,So, like many of you, I have a thousand thoughts running through my head about the next best places to buy in the Midwest. Has anyone had any luck in Dekalb, IL (around Northern Illinois University)? If not, ho...
David P.
Mortgage Wrap
Hi all, I have a property I am trying to sell to another investor; who is wanting me to carry the note. I don't mind "Wrapping" the mortgage, but not sure how this actually gets completed and the steps involved. ...
Drew MacDermott
The One Minute Property Evaluator!
Hello, BP!That's right! I have created a quick and simple tool for you all to use to evaluate both single family and multi-family properties in only one minute!I have read many blogs and forum posts regarding the inf...
Carl David
Tenant move out and security deposit
Hi all , I have had great help here in the past. My tenants moved out after 4 1/2 years and left a fair bit of damage and mess. I do all my own maintenance on the property.I gave them a statement laying out the damag...
Freeman Schultz
Does everyone follow 40X rent rule?
I have been talking to a bunch of landlords about the rule that applicants must have an income that is at least 40x the monthly rent. Some of them are complete sticklers to that rule. But other landlords leave a l...
Kris L.
FHA and intent to occupy requirement
So I had an idea and was interested if it is remotely feasible. Am considering using FHA loan to buy 4 plex but don’t really want to live in it (unit too small for my family). I realize there is an intent to occu...
Joey Isidore
Property Love Letters
In this current market is it still believed that love letters actually work when purchasing a property. It seems the current state is more so about the money then the sentimental value unfortunately. Please chime in.
Charles D.
My rental house ceiling collapsed and tenant got mad
My rental house in Tacoma is an old house and part of ceiling collapsed. It is has bird lived there and water was one causing the problem. It smells bad in the house and uninhabitable. What is my option for my tenant...
Eduardo Aguilar
Primary Residence to first rental
Investment Info:
Single-family residence buy & hold investment in Sacramento.
Purchase price: $145,000
Cash invested: $120,000
Purchased as a primary residence in 2012. Leveraged equity in the ho...
Jessica Mayo
Landlord and Umbrella Insurance
I have 1 SFH rental property and I'm looking into landlord insurance. How much coverage do you recommend getting? And with an umbrella policy on top, do you use a different company to help ensure you are covered or is...