Bryan Hancock
"No Downside Risk"
I consistently see posts on BP and elsewhere that claim an investment has "no downside risk." Alternatively, the ads claim "no market" risk or some variant thereof.
Am I the only person that thinks this is complet...
James Mc Ree
Breakaway walls or no?
I bought a property in a V flood zone in a year-round NJ beach community. The V zone is a "high hazard" area for the 100-year flood. The house will be new construction and elevated about 10 feet to get more favorabl...
Everitt Gill
what if an older tenant dies in my house?
I'm looking to buy a property as a buy and hold rental unit, the numbers look good but there is one big potential problem. the current tenant is 80 years old. what happens if she dies in there? should I be concerned w...
Amer Swid
Advice plz about inspection report "knob and tube"
Hello,
So, the inspection report came back with multiple hazardous flags that needs to be addressed , but the most one that it is expensive (25k cost) is the" knob and tube issues "of the electrical stuff. Its old ho...
Blake C.
Gas Stove Okay for Rental?
I have lower middle class rentals in Texas (rents around $900 for 3 Bedrooms). I am wondering if anyone has found that it is smart to convert gas stoves in old homes to electric. It seems that electric is easier to...
Sam Bhattacharya
How do you deal with a tenant constantly asking to make repairs?
Say you have a tenant who wants you to replace carpeting that is worn but still functional. Or he wants you to fix a gutter that is old but still does the job. Or he wants you to paint a kitchen ceiling when all it ...
Brandon V.
New Tenants unceasing about Cracked Ceiling
Hi BP,I just had brand new tenants moved into my upper duplex and everything has been going great. Today they texted me telling me that they are very nervous about the ceiling which has some large cracks in it and se...
Jim K.
Nasty little surprise
Changing out a light in my duplex and...does anyone know when this became illegal? I know my place was built circa 1923-1927 and remodeled in 1945. I don't think this cheap aluminum and plastic fixture is seventy-plus...
Tommy Nguyen
Early Investment Decision: Self-Manage or Property Management?
Hello BP community,
I recently closed on a duplex, and I am seeking the opinion of the BP community regarding my situation. The duplex I purchased has three tenants, one of whom is using it for storage.
While I have...
Roselyn B.
REO Speedwagon
Hi, all. I've been reading threads on here for a while trying to absorb what I can, but this is my first post. I am a first time homebuyer, but thought I'd ask this on here since you folks have a lot of experi...