Bradley Lewis
Need Advice: Parents Want to Rent SFH w/Daughter
Hey, So I have a potential tenant that is interested in my SFH. The parents want to move into our property with their adult daughter. Everything looks great from what the parents submitted about themselves but their d...
Bret Burkett
Help! Seller says he fixed the roof!
We just bought a house as our primary residence. The inspection report had a bunch of stuff on it including the flat portion of the roof needed some work and inside the attic it had some indications of water coming th...
Melody Xing
Assuming an existing lease - no deposit
Hi everyone, my name is Melody. My question is that: 1: I’m buying this rental property, the seller is asking to assume the existing lease but this lease doesn’t have deposit what should I do for now during this buyin...
Kathleen J.
Choosing between Applicants
I have 2 sets of applicants for a property. My stated policy is that applicants have a minimum monthly income of 3x the rent. Applicants A: Income is a combination of SSI, Foster Care, Adoption stipend, Musician, an...
Adam Oldham
Verifying Contractors Work Meets Local Code and Your Expectations
If you have done out of state investing how do you come up with your scope of work and verify that the work done by the contractor is good and meets all the local building code requirements?
In my case I invest wh...
Ramiro Cardenas
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
Matthew Beninate
Questions to Ask Seller
Hi everyone,I’ve come across a portfolio sale on seller financing terms, and after doing some due diligence, I noticed the taxes for one of the properties was wrong. I was wondering how to confirm the numbers given fo...
Mariquita De Mira
Selecting the right roommate (tenant)
Hello Fellow BPers! I am renting my guest bedroom in my home and have potential roommates who have expressed interest. Roommate #1 is a 30-year old female medical student who is moving from NJ to MN for a year. She wo...
Lisa Moon
Is this the new "normal"? Incredibly onerous underwriting for a rental...
I was a mortgage loan officer and an escrow officer 20-odd years ago, before the landscape shifted. I know the drill about proper documentation, etc. But the process I"m in now seems just ridiculous.Hubby and I are ...
Reinhard Kurzen
Spokane, Wa cap rates?
What are the typical cap rates right now in Spokane, WA? I am looking at a 25 unit and it needs alot of rehab and tenant turnover work. The upside is that there is lots of room for improvement. Its selling for about a...