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Hi all, I'm working on my first deal, a buy and hold off Algonquin. We knew going in it had mold in the crawl space and got a remediation quote before making our offer. As a matter of course we're getting three quotes...
Hello all, I purchased a duplex in October last year using an FHA loan. I want to move out but I understand FHA loans have a one year owner occupancy requirement. I was wondering if it would be possible to qualify for...
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I've posted before, but that deal fell through. I've gotten another deal under contract a multi-family residence (4bed 3 bath duplex) Seller agreed on a purchase price of 110k and I've assigned it to my end buyer for ...
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LIABILITY - Continued Always carry as much liability protection as you can afford. As a minimum, you should carry $1,000,000 per occurrence. The larger your portfolio, the more liability protection you should have. Su...
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Hi everyone - Thanks in advance for any help.I recently bought a duplex and inherited tenants which have been fine. This is a C property, rent is $550/month. I was told that one of the tenants is disabled (husband o...
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Hello everyone,I hope you are well. Due to the unfortunate coronavirus situation my husbands job is in jeopardy like so many other people's. We own 2 properties and if anything happens we will sell them to get more ca...
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Hi BP, It started out with one small leak which i went on the roof and started salting the gutters and cutting troughs in the ice. A week or so later i have 5 major leaks in separate areas of my house. Any tips on f...
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Hi all, I'm wondering what kind of relationship you all have with your property manager. Are you friends? Are you just business associates? How do you handle problems with property managers? My relationship with my pr...
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Id like to fix whatever i can during the rehab so i dont hear from my tenants for the first few years. If the water heater or furnace is 6-8 years old, but still working should i get it replaced before i refinance it ...
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Pipes froze and now have burst pipe and had to shut off water to the house. I’m guessing it could last a week or more. Any thoughts on how to handle this? The tenant has already been without water for 2 days.Do i need...