Hello all! I’m an experienced Loan Officer, Realtor, and Investor! My wife and I currently own 5 single-family units in Detroit, MI that we self manage in C class neighborhoods. Also, my wife is an experienced propert...

I'm working on a deal and a quote from one of my contractors has a project management fee included in there. In the BP community's experience, is that a standard line item for most contractors? I've seen budgets with ...

I have a tenant 1 one year into a 2-yr lease in a 4 BR/3 Ba  SFR in SoCal. He's a good tenant as far as taking care of the property and not complaining about the little things. But, recently he's begun to pay late. Th...

How dose one incorporate Solar panels into the lease, in terms of tenant paying the electric utility? Specifically, I am planning to rent out my home which I own solar panels and currently have a loan ending in 5 year...

I'm London based and right now we're in the middle of a massive housing bubble - very basic 2 bedroom flats can be found in excess of £200,000. So I'm quite sceptical about buying at this particular moment in time, ju...

This is my first rental property (townhome - 3 units) and I am drafting rental agreements. For those of you with experience, what would be your recommendation on structuring late fees?  Should I do one flat fee? Or ch...

I installed solar few months ago; now looking to house hack large basement. Solar generates aprox $250/mo in credits; some months I generate more than I use, so bill is $0, other months bill varies b/c I use more than...

Bought a duplex 8 months ago and started house hacking to get into investing. Turns out I have a leaky roof that needs to be replaced entirely, looking at ~$30k. I wasn’t expecting this, but plan to hold the propert...

We purchased a two flat (converted from single family home) a year ago. Paid for flood insurance when we closed on the deal. Now we get a letter from FEMA stating our flood insurance premium is  more than doubled.  Re...

I have a pre approval for an OO 100% Mortage through USAA Federal Savings Bank. I called yesterday to ask about getting a pre approval letter for an offer I'm going to make. The woman I spoke to said even though I h...