John Choe
Contractor gave a not to exceed then invoice exceeded it
I'm in the process of a remodel on a 4-plex from about 4 hours away. I contacted a contractor and asked for a not to exceed number for each unit. After much back and forth the foreman for the job gave me a number fo...
Jay Garrison
RE agent contacted my lender, wants to move mortgage
Hi,I have done the appraisal, was waiting on seller to make repairs when my agent - without telling me she was doing this - contacted my lender and discussed moving my mortgage to another lender. The new lender offers...
Faifua Latu
Real estate courses in utah
Hi I’m really wanting to learn more about becoming investor. I attended a free seminar and of course they at the end try to sell us their classes or education to become successful investor. It’s 20k. I know some succe...
Daria B.
advice on pet pricing (security deposit and pet rent)
Hi all,I'm "considering" renting to someone who has a cat. This going against my strict policy of no pets to forego the rental sitting on the market longer than normal.My PM says that I can charge a SD for the cat and...
Kevin Guyden
Debt To Income Ratio Too High
Hi BP family,
I am new to BP(Both the podcasts and websites/forums) and I am a fairly new investor from the Houston Texas area. I bought my first Single Family Rental in 2014 and sold it In October of this year. It w...
Rory Boone
What am I missing here. Multi Unit Property
Here's the deal. I have 4 Unit Property I bought back in Dec of 2012 located in lower income area ( not a war zone) in the South Suburbs of Illinois very close to Chicago. Most flippers are not buying properties in th...
Joe Thein
Rent/Sublet property to LLC for liability protection
I live in NJ with a property that I want to rent out that is mortgaged in my name. I understand that deeding my property to a LLC can trigger a due on sale clause on my mortgage. Question, can I rent/sublet my propert...
Robin Evans
Self employment or long term investment income
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
Ed Nunno
amortization
can someone please explain exactly what this word means ?
Account Closed
Lessons Learned - Retaining Walls are the Worst!!!
Hi Everyone - I wanted to share my recent experience with the community. Just thinking about writing this post is making me sick but I'm hoping others can learn from our mistakes...One of our flips has a driveway that...