Martin Phillips
FHA Rules about adding more units?
If I purchased a $1,400,00 quadruplex in California or New York with FHA loan, then got permits to add 5 more units do I need to refinance to a Commercial loan? What are the chances they will catch me I was told I co...
Juan Carlos Castillo
Buying a Property with Unpermitted Work
This will be my first property, it was listed in the MLS as a duplex and zoned in multifamily. The issue is when the bank went to the an appraisal, there is only one water meter in the property and they are saying it...
Tony Kim
Applicant screening for tenants with no email
Hello,I rent some of my units under the Los Angeles HIP (homeless incentive program) as well as VASH and Section 8. I'm having trouble finding a background checking service that does not require an email address or a ...
Chris Clothier
Yes, That Just Happened...(Inspection Issue)
We've been fixing houses for a long time now in multiple cities and for lots of different exit strategies. Even though we have had thousands of inspections done on properties, we've never before had to face this issu...
Calvin Kwan
Parking & Tenant Advice Needed
Hi,I own a triplex in Oakland, CA. and each unit has 1 spot dedicated. One of my units is a 3bd w/ 2 female roommates currently occupying. Recently, one of the roommates asked if she could park her car in the parkin...
Sixto Moralez
Make Tenants Pay Water Leak Bill?
Hi BP Family,
I have good tenants in a home that for some reason didn't notify me of a potential water leak until a week after it had been leaking. The tenant called and said no hot water for early morning shower, s...
Brad Noe
Assignment vs. Double Close
Hello BP,Greetings from Louisville, KY on Kentucky Derby Eve!I got started a little over a year ago in real estate investing doing the BRRRR strategy, but I am to the point now where I don't have the time/capital to t...
Tim Bradley
A car literally drove through my rental house - a happy ending
This story is almost too crazy to believe but its all 100% true. This was my wife and my 1st investment property. Technically when she moved in with me we started renting her townhouse she owned out but the property...
Chris Nare
First Rental Closed
On Friday, we began our REI journey. We closed on our first property that our agent found off-market. It is a 2 BR, 2.5 BA, one car garage condo in Fairfield, OH. We got it below market and need to spend about $15K to...
James Wierzba
How to legalize a partnership?
Hi,
I have been partners with my brother for the last 5 years on real estate investing. We own 8 units. Our partnership is a little complex:
- We both split the down payments 50/50
- We both own 50% of each prope...