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Property under contract- Oil Tank found during inspection
Hi Everyone, I have a property under contract in the south side suburbs of Chicago. The inspector found an oil tank and he told me this could be a serious issue. We couldn't look at the tank because it was underground...
Trevor Fulkerson
Seeking ideas (and possibly a partner) for 80k SF vacant industrial property in TX
Hi all,
I've recently gotten an 80,000 sf industrial property under contract in a small town in North Texas. It's decently located, about 2.5 hours to DFW, OKC, and Lubbock. It's also about 10 or 15 minutes away fro...
Brian Hellenbrand
Landlord Reference Questions
Does anyone have a list of questions they ask previous landlords? I am at that point in the process and want to hear the tips and tricks that have made your screening process successful.
Nathan Fisher
(RANT) Section 8 is not Guaranteed!
I have to vent. Section 8 is not GUARANTEED MONEY. IT is not a cure all Panacea. It does not always pay more than market rent.1. Tenants pay 30% of their adjusted income. They still have a monthly payment. They ofte...
Ed B.
Is it necessary to pay loan fees upfront?
I'm applying for a $125,000 construction loan. Lender wants 1 pt. and is offering 5%, due in two years.He wants the 1 pt. ($1250) upfront. I told him I'd prefer it be deducted from loan proceeds. He claims it's refund...
David S.
Contractor License legit?
While checking out a roofer to do some roof maintenance on a flat tar and gravel roof, I discovered that the license number that he Gave me belongs to a roofer in Los Angeles instead of San Francisco where we are loca...
Matthew Schroeder
Denver Apartment Rents Drop (Denver Post)
The most recent quarterly data from to the Apartment Association of Metro Denver (AAMD) shows that the Denver rental market is cooling off (see link to article below).Average apartment rents in metro Denver fell for t...
Brian Kraft
Suspiciously High Water Bill - MJ in CO?
Howdy. I've got a young guy renting a house of mine in the city of Denver/Unincorporated Adams County. He pays the water bill, but I have it set up through Denver Water to receive copy of the bill, just so I can keep...
Caryn Seifert
Pet deposit, Pet Fee
Hi! On occasion I rent to tenants with pets if all the other boxes are checked. Not sure if I need to increase the fees. What do you charge?Currently I charge a $300 non-refundable pet fee and $50/mo per pet. I think ...
Matt Kampf
Dealing with difficult seller and seller agent
Hi BP,So my wife and I currently have an offer out on two different properties and have run into the difficult seller/agent scenario and was wondering if anyone might have some suggestions.Property 1 is a SFH 2/1. We ...