Justin D Schwartz
Insurance company harassing me
Hey guys,I'm looking at buying a 4plex but I have a few concerns.My last duplex I purchased back in January had an older roof, older water heater, and older AC system (air handler). The insurance company started givin...
Kenny Kuramoto
Trying to Understand my BRRR numbers
I want to see if this is how people analyze their property. PP= $100kARV = $175kRent = $1400Rehab Cost = $40kProperty tax = $500PM = $100Utilities paid by Tenant.Is this right?Cash Purchase Closing Cost + Rehab + Refi...
Amanda Lindsay
Advice on Payment division
Hello all! I'm new to the business, coming up on year 2 of property management. I work solely for a property owner; we are a two person team. He owns 36 doors and manages for an out of state company that also has 36 d...
Casey Kooiman
Quit Claim Deed
Submitted an offer last night for an investment property in Milwaukee (a duplex), and the Seller countered with this:Conveyance of Title: Upon payment of the purchase price, Seller shall convey the Property by Quit Cl...
Kiran Alisam
Looking for insurance on 4 SFH rentals in Cleveland area
Could you please suggest me how much insurance is required? Do I take commercial policy or will it be home rented to others
Any inputs are appreciated and any preferred insurance providers
Mike McKinzie
Mobile Home Investment
I have never purchased a Mobile Home so I am going to post this here. A co-worker of mine used to live in this mobile home but then she and her husband got a job as "ranch managers" and moved onto the ranch. They re...
Sarah Jones
Subject To Purchase ... How To Guide
I'm in Los Angeles, CA trying to get a subject to done. I was wondering what are all the forms I need the seller to sign. I know i have to get a title company to check the title before I close but what are all the for...
Braxton Palmer
Advice - House Hacking with Friends. Treat as tenants?
Hey BP members. Would appreciate some insight here. I have the ability to buy a 2-3 bedroom home where I live in Phoenix AZ. I have a few friends that would want to be my roommates and pay a fair, market rental rate f...
Lyn Green
Does my Rider delete my "due on sale" clause"?
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
Blake Reynolds
Tenant Water damage issue
HI all, Here is my question/concern. I currently own a town-home which I live in and rent out the 2 spare bedrooms. Recently one of my roommates flooded the toilet in the upstairs bathroom and now there is damage to t...