Michael Dunn
Do most Lenders frown upon...
a buyer, getting a Loan for the sole purpose of purchasing a property in order to turn right around and Flip it, in 3 - 4 months ( after the minimum 90-days has passed ) ?
If I'm looking to get into the Flipp...
Mike Young
Tenant issues are frustrating me.
I lived in a unit while I rehabbed it. Electric stove/oven was not new but in good working order. Tenants in two weeks and say oven is not working. I sent out a repairman who checked burners, oven and broiler and all ...
Luka Milicevic
Wood burning furnace and septic tanks
I came across a potential deal on a property that has 2 single family units on about 3 acres.The one unit doesn't have central air. It has window AC units and a wood burning furnace that is about 2 years old. They als...
Amy Lemaistre
North Georgia STR estimated expenses
Hi all! Trying to get a good idea on what monthly expenses would be for a 2/2 cabin in North Georgia and surrounding areas. Especially for supplies, cleaning, utilities and maintenance. Thanks!
Brad Z.
Smoking in Units
Do you allow smoking in middle to low income areas? I have completely rehabbed a property and would like to find solid non smoking tenants but will that seriously deter renters? Its a two unit, with 1 unit per floor. ...
Alon A.
Need help on one deal - BRRRR
Hey guysI finished remodeling and im in a re finance process now, im already holding house 3 months for seasoning time.Im doing the BRRRR, the money i put down for this property is around 40K (for title and hard money...
Mark Mueller
Service and Emotional Support Animals
I just received my first ESA information from a tenant. She was already in a home.She sent information and Dr. letter, etc. and she is not a poor tenant and no reason for me to be too concerned.However, this law tota...
Mark Costa
Appraisals for HELOC
Hello BP,I wasn't sure where to ask this question, but I am guessing someone here can help me. We've applied for a HELOC and our appraisal came in less than expected. The appraiser may have underestimated the square f...
Dave Holland
Insurance requirement from bank
I'm getting conventional financing on a 4 unit property with a purchase price of $130k. The appraisal came back with a rebuild cost of $428k and my bank says my insurance must be for at least 80% of this cost.
I was...
Bruce N.
Landlording Burnout vs. Letting Go of Control
I've been a landlord in college town for 10 years now with 5 different properties and do all the property management. Additionally I'm super handy and can fix most any problem which makes my rentals that much more pr...