Curran D Bishop
Protocol for inheriting tenants
I am closing on a small multi-family at the beginning of June. It is a house with three accessory apartments: we'll be living in the main house and keeping the three existing tenants who currently have month-to-month ...
Jason Wutzke
Am I Getting Ripped Off on Apartment Shares Disbursement
My father has a share in an apartment complex in Lompoc California. They estimated the value in 2008 at $42 million in which he owns 1.231%. Over the last almost 10 years his disbursements have primarily remained the ...
David Socia
Do you accept Co-Signers on Leases? Why or why not?
We own several rentals in an area of our town called Midtown Revitalization District. this district is sandwiched between 2 major hospitals and a junior college. All of our rentals are new construction duplexes and ou...
Corey Dutton
Some Hard Money Lenders Forced to Comply With Licensing Reqs
Some hard money lenders and brokers may have to comply with new licensing requirements for lending on residential property. Depending on what State you are working in, if you are lending your own money on residenti...
Jesse Holshouser
Should I refinance or pay off my primary residence?
I have a general financial/psychology question. A bit of back ground, I have owned 3 homes and a couple of rental properties. I currently only own my primary residence. It is a 6 acre farm with a brick ranch. We have ...
Patrick Shep
HELOC- solo vs with spouse on loan
I’m getting ready to apply to HELOC on my primary. Spouse and I are on the title and loan. I believe I can qualify for the HELOC on my own, saving my wife with additional debt ( when used) on her credit.Is there anyt...
Nadir M.
Owner wants to switch property manager mid lease.
Hello BP,An owner of multiple units reached out to me and was interested in my property management company. One of his questions was the transition of the properties from his current PMC to mine. From everyone’s exper...
Phil M.
REO offer procedure questions
My partner and I spent all of our saturday searching local REO properties in our area. All together we looked at 28 of them mostly semi-attached, single-family or 2 family homes. Now, we got out of the car, checked th...
John Underwood
Should rent be canceled because of the coronavirus?
Good article.Talks about Pros and Cons and discussed the Landlord side of this too.Should rent be canceled because of the coronavirus?https://news.yahoo.com/should-rent-be-canceled-because-of-the-coronavirus-204910688...
Rob Wilcox
First Flip Confession!!
OMG/SMH...
I am so embarrassed that I feel obligated to share my vulnerability with the BP community...
Quick story - I just burned $200 on fire (figuratively) on my first day of my first flip. It's about the keys t...