Eric Lee
Mortgage can't be sold on secondary market - issue?
My partners and I recently got a multi-family house under contract. During the due diligence phase we discovered a local ordinance on the parcel which states a multi-family property could not be rebuilt if destroyed....
Rita Merlo
Tax Deed Auction Real Estate
Hello!I have been looking into tax deed real estate particularly in California; I live in Los Angeles.What has been people's experience with dealing with the dwellers/owners/renters of these tax deed properties? I'm h...
Deb Smith
Fees question
In my lease The section about all of the fees it states there's a $25 charge for all notices to be sent.Here's a copy :Additional Lease terms: (1) Late payment fee of 5% of the monthly rent becomes effective three (3)...
Account Closed
Bought a house through turnkey, but my name is not on title
Hi everyone. I'm new to real estate investing. I purchased a house through Memphis Invest in August of last year. It was rented out from day one, rent has been on time, and I have an escrow account with Supreme Lendin...
Arthur Banks
When to use 203K vs your own money
How do you determine when to use 203K financing vs conventional (fund repairs with your own money/OPM)? Is there a minimum repair amount you consider when choosing? Obvious this would depend on the price of the hom...
Wai Chan
San Diego City virtual inspection
I installed a mini-split HVAC in one of my units a few months ago. Recently, another tenant reported it to the City, and I received a code enforcement letter requiring a permit for the HVAC. I promptly applied for a n...
Tim Koger
New BP member from DFW
Hello, my name is Tim Koger and I just recently found BP via Twitter. I am an IT professional seeking to develop my own REI business, and network/build relationships within the REI community. Outside of my primary res...
Scott Moritz
Condo with water leaking in from above, AGAIN! In Texas Advice?
Hi all,I have a condo, and the unit above is leaking a good amount of water (enough to pool on the floor, and soak the walls) AGAIN. This has happened before. I think it's the tenants (dishwasher, washing machine, etc...
James N.
Postage Increases in 2014 - how to stay on budget with yellow letter
The cost of first-class postage stamps is set to rise by 3 cents—to 49 cents from the current 46 cents—on Jan. 26.
You may want to stock up on "Forever" stamps for a little while.
The good news is the i...
Monica Litster
non-conventional duplex calculation
I am working on a non-conventional duplex. Monthly income is $2300. I typically set aside 10% for each vacancy, prop mgmt, and repairs/cap ex. What would be more reasonable amounts to use?The one side, the largest amo...