John Casmon
Tenant Left and Filed Buildings Claim
We had a tenant up and leave after not paying rent for two months. Subsequently, we just received a notice of violation with the Chicago Department of Buildings that list a handful of exterior items and mold in that s...
Jordan Coates
Due Diligence: Things not disclosed
My wife and I have had an offer accepted on a small house that we're looking to turn into our first investment property. It's a 3BR/1.5B SFR. There are several issues with the house that are not huge deals (individu...
Alex Banyasz
STR Insurance Policy Limits
I am working on getting quotes right now and hoping to get some feedback and what is a must. How much for personal property and loss of income? How much for liability?Basically, I don't want to just get the bare minim...
Burt L.
How to Get a Real Rate Lock on a DSCR Loan?
I"ve been shopping a DSCR and hearing odd things about rate locks. So far I've been told things such as I can lock "when I"m close to closing" or "after the appraisal is completed". The appraisal is supposed to be th...
Gerry Deida
What are some great credit card management and budgeting tips?
In summary: I'm kind of new to credit cards. I am an expat in Bangkok and I have this credit card right now: However, I would like to know if you can share some good tips with me on how to manage it properly, and more...
Jack B.
Do you provide evidence of damages to your tenants?
I've asked this before years ago but can't find the thread. I have date/gps time stamped photos from before move in and after. The damages exceed their deposit, but not by so much it's worth sending them to collection...
Lucinda Hamre
Sell or Refinance a Commercial Building?
We bought a commercial property (4200 ft2 home facility that is a handicapped-accessible 8 BR, 2 bath home, with 2 additional ensuite units that have dedicated bathrooms) that required significant work. As newbies, we...
Jake Sklanka
Are EOY Charitable donations from S Corp tax deductible?
Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
Josh Bryan
What would you do?
What would you do if the refrigerator in your rental went out and the tenant just bought about $200 of groceries and they all spoiled? Would you reimburse the tenants for the groceries?
Glenn Espinosa
Negotiating REO Offers
Just a tally, who here forgoes inspection contingencies with their offers?
Sorry if this has been covered.