Justin Gonzalez
Lease written in English and a Spanish speaking Tenant
I recently purchased 3 unit / flat in Burbank IL (Chicago Suburb) and I inherited tenants that are month to month. My town has just changed their laws requiring leases for every rental unit with a yearly $20 permit. I...
Shannon K.
Purchase Contracts: Which Happens First?
I’ve been browsing BP and researching a lot… How do others put a property under contract FIRST, then secure a HML/private equity/crowdfunding for financing AFTER? (I had a pre-approval letter in this instance). Still,...
Wendy Black
Asked to give hard money loan
What advice can you give to rental property owners who may give a small hard money loan ($25k?) to a fix & flipper? It would be our first.We met him at an REI. He's got excellent reviews online. He's done a num...
Dawn Crudup
FHA Loan issues- closing dec 22nd
Hi,
My husband and I are in the process of buying a fixer upper through a FHA Loan. We just got the appraisal back and while going through it the appraiser noted that it doesn’t not meet the guidelines for FHA becaus...
Jacob Wietholder
Self Managing Rent Collection
I finally have my first investment property under contract, a duplex with two long-term tenants already in place in Davenport, Iowa. I plan on managing the property myself. What method(s) are best for collecting rent ...
Thomas Waymouth
Navigating DTI & Turning our Current House into an STR
Hello All and Thank you in advance! We currently live in Hot Springs Arkansas and my wife just accepted a position in Jacksonville Florida. I bought two luxury STRs in the beginning of 2022 and they had fantastic reve...
Tyler Speelman
Appraiser used wrong purchase price. How to proceed?
Hey BP,I received an appraisal back below purchase price and realized appraiser used initial offer and not the accepted counter offer on the appraisal report. Now there is an appraisal gap of 10k. I spoke to lender an...
Roy H.
Public utility lean?
Hey everyone... I'm a long-time registered user, but not too active in regards to posting.
I have no idea which forum this topic should be started in... so I apologize if this should be in another forum.
I purchased...
Kelly Wesley
Setting up LLC With Local Attorney or Legal Zoom
Does anyone have any thoughts on using Legal Zoom to set up LLC or is seeking out a local real estate attorney better?
Simon Obas
Oil tank abandoned (buried underground)?
Anyone ever deal with an oil tank buried underground? Should I walk away from this deal? The sellers agent said it’s been cleaned out. I have never heard about this.