Thomas Berardi
House Hacking Small MFH, Current Primary Residence is a SFH
Hi BP!Question for the community...I currently live in a SFH with an FHA on it. I am looking to house hack a 2-4 unit where I would live in a unit, rent the others, and turn my current residence (the SFH) into a renta...
Harita Konjeti
Tenants served 60day notice
Hello BP team, need suggestions how to solve, One of my tenant renting 5 for years, was given 60 days notice to vacate the property with lease ending on 8/31. On 8/1 he sent email that he is officially vacating the ho...
Joseph Goode
What should my day to day look like as a 1st time investor
I’m looking to buy my first property and I want to grow this business to where I can be financially free. I really want to focus on out of state properties since Cali is too expensive. My target market is Indiana. So ...
Mad Dendukuri
When is relocation to tenants required for doing repairs
HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded. The installer said it will be ~6-8 hours job and can fi...
Kristi Miller
Do you own a Hotel or Motel?
I'm looking at purchasing a hostel (similar to motel) that's been in service for 20 years, has a great reputation, thousands of 5-star reviews and has excellent cashflow. The thing is, I live an hour away and would n...
Sarah M. Armstrong
California Small Claims Court and 21 day security deposit rule
I am preparing to go to small claims court on Wednesday for a dispute with my landlord. I moved out of an apartment after 6 years on September 15, 2018. My security deposit was $1150 ($800 regular and $350 pet). In my...
Nolan Payne
NEED HELP ASAP IN PROCESS OF PURCHASING FORECLOSURE
Hi BP Community!I need your help! As of yesterday, I'm the winning bidder on a property on Auction.com. I drove by the property yesterday before bidding on it and it's still occupied. Looking at the register of deeds,...
Dennis Nikolaev
management company holding funds until checkout
I'm new to the short term rental game.I signed a contract with a management company but somehow I didn't catch that they were going to release the funds only after the guests check out + 15 days next month.Is is norma...
Benjamin Dutil
Down payments and bank statements
Hi everyone. I have a question regarding down payment percentage and bank statement requirements. Initially I had a private lender who was going to give me 100% of financing for a purchase. Unfortunately he has said h...
Account Closed
Advise on Owner Occupancy for FHA loan
Hello all! I have a question about the owner occupancy clause of an FHA-backed loan. I am looking to use an FHA loan to finance the purchase of a great Triplex that I found in Rhode Island. I currently live and work i...