Ou Wang
First Time House Hacking in Greater Boston
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $705,000
Cash invested: $70,000
Classic house hack situation, with a TON of mistakes/lessons learned.
This...
Bree Miller
My First Time Putting a Deal Together With a Wholesaler
Hello BP world. I have been a real estate agent for the last three years in Kansas City! I've recently found a off market deal from a wholesaler for one of my clients! The deal is a win win for both parties. But what ...
Manny K.
Rent collection options to avoid Partial Payments?
Apart from eRentPayment (tenant refuses to set it up!), are there ANY other simple ways to collect rent but block partial payments?? Do not like the drama associated with meeting in person or mailing rent to a PO bo...
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...
N/A N/A
What to do with Operating Expense Reserves
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...
J G
Short Sale: Attorney negotiation vs. Realtor negotiation?
Hi there,
I have a property that is rented out (because I wasn't able to sell before) and am looking to start the short sale process. I was wondering if any one had any advice regarding my situation.
The main questi...
Andy Mirza
Importance of Lender's Title Insurance
(I wanted to start this thread separately to avoid hijacking another thread where this subject came up. The topic is important enough to warrant further discussion.)
As @Tracy Z. Rewey pointed out, there's a huge dif...
Alex S.
Property Walkthroughs.... Waste of time?
I want to bring up a question that may seem to be blasphemy to a lot of landlords.... Are rental property walkthroughs/inspections really worth it?
The reason I ask is because I have been landlording for several yea...
Kyle Curtin
The Importance of Having Reserves!
Hi everyone! I just wanted to share one of my learning experiences from purchasing my first 3 family househack in Leominster, Massachusetts back in December of 2021. I purchased my property that was built well before ...
Ed B.
Conflict of Interest? Partner is also the General Contractor
I recently got involved in joint venture that's now starting to smell. The facts are:Partner is a general contractor who was supposed do the rehab, with his efforts and also using subs when needed. He's working off re...