Tia Gaulke
Buying First Duplex
Hello, I will be buying my dads duplex. He will be selling it to me at almost $150,000+ below appraisal. This is a big win to start with. What are my best options for loans? How do I get started? How can I be prepared...
Bridget Smith-Osbourne
Fire damage to property
Hey BP Members,My situation on hand is my SFR suffered fire damage due to an unattended stove. As per tenant the wrong burner was turned on and a pan of grease left on stove caught on fire. The result is I probably ha...
Vik Ari
Urgent question pls help
hi,
i bought a rental condo for 160k and its a down in price around 130k. its rented out and it covers my mortgage, taxes, fees and costs. I was looking to refinance to lower the month payment on my mortgage, but I t...
Robert Campbell
Short term parking of cash
As the description says, I'm looking for the next opportunity to buy more real estate, but I'm currently deployed and can't do too much searching in earnest while I'm overseas. So I want to park some of my next down ...
Aiden Harris
Anyone ever used Sonders?
Hey everyone,I was mostly considering doing standard renting out of my duplex, but I just caught wind of a third party that leases out your house in a short term rental basis. My realtor buddy said his clients make ba...
James Phillips
Found a home to flip to retail. I have some questions
So, I found a home on craigslist that was on sale for $157K (Built in 1991). One other home sold last october for $215K. It's a small subdivision and the last sale before the one in October was for $230K. I think I...
Bob Asad
How do you prevent co-mingling of funds?
If I have 2 rental properties and charging 1st, last, and security; can I take the last and security for both places (combined) and put them into a Bank of America savings account?In other words, I already have a chec...
Jason Smith
Insurance Provider in Texas
So in the last few months I have had to reach out to my insurance agent a couple of time and have not been able to reach him taking over a week to hear back from him after multiple voicemails and emails. Only after I...
Stipe Ba
Put rentals in LLC or just get umbrella insurance ?
I have two rentals which were originally home owner occupied homes. They both have mortgages in my name and was considering transferring the title in a LLC for liability purposes . What does everyone recommend ? Shoul...
Isaac Isaacson
Deposit Return Letter Example - Early Termination
Does anyone have a deposit return letter they can link to or send? I am not seeing one in the resource section.
This will be the first time I am keeping a substantial amount of a tenant's deposit and want to make su...