Jay Chekansky
Advice on Partnership Options
Hey BP!This is my first post but I've been lurking/reading for a while now. I'm grateful to have a such a great community to work with.Here is my question(s) - I'm working with a guy who has a contract on a good fix/...
Erik Wilsom
Renters Insurance to cover possible problem renters
So I am looking for a way to better cover myself against renters that might damage my property while living in one of my units. Would requiring renters insurance for all tenants cover me in cases such as major damage...
Margie Kohlhaas
Smart / WiFi Thermostat without WIFI access?
I have a triplex rental and two of the units have connected utilities. The guy in the middle unit can't figure out how to run his manual Honeywell thermostat. He either leaves it on Heat or Cool but doesn't understand...
Bastian Kneuse
OOS: How can vendors access property to provide quotes?
I am an out-of-state investor. I just acquired a property that needs some light rehab. I am in the process to have vendors provide bids/quotes on the rehab work. How do you manage to provide contractors/vendors access...
Dustin Long
Lender is under contract, but is refusing to perform, causing problems
I contracted with a private lender who also has is licensed mortgage broker. He is refusing to live up to his end and provide the financing, which has made my payoff for the refinance to jump from $118,000 to over $13...
William Mogck
VA Loan Transfer to LLC
Good afternoon all,
Looking to transfer the title of my personally owned VA loan to my LLC, using the house equity as collateral and securing a business line of credit as the LLC has no current revenue/product. Let m...
Cheyne R Sexsmith
Private Money for House Hacking?
I'm not sure if this is exactly innovative, but I wanted to put it out there for the rest of the BP community. I am having a hard time figuring out and qualifying for lending on a first time purchase. I am able to sec...
Steve A.
In-laws broke but have ton of equity they dont want to use
Strange situation.In-laws have a home in Santa Barbara worth about $900K. They have a $300K interest only loan. They can no longer afford the payments.My wife and I recently came into money. I was planning to put t...
Patrick Hancock
Private Money Partner Question
Hello,
Partnering with a private money lender to assist with down payment on a duplex. He will receive a return on his money for seven years but no equity in the property. His question was how secure was his loan. ...
Brian Anderson
Increased Security Deposit for New Renters
I have a home in Orange County, CA that I am going to rent out. The had to evict the last tenants and lost out on 5 months of rent do to the evictions being frozen. I wanted to ask for 2 months security deposit to ...