Nathan Mount
FHA Financing question
I want to try to secure an FHA Loan for a house hack, multi unit home in Chicago. Ideally a 3 flat, with at least 3 units, but 4 would be better for cash flow, obviously. These are not cheap.I made really good incom...
Coty Dowell
Should I Let My Tenant Buy That?!
Hi BP,
One of my tenants keeps leaving the stove & oven on and the smoke alarms frequently go off... He has offered to buy a new stove with "lights" to help him remember to cut it off. I've thought about letting ...
Katherine Langevin
Tenant Family Member Sleeps Outside
The tenants are month-to-month. We bought this property with an owner occupied FHA loan, so we sent 30-day to terminate the m2m leases and will be getting ready to evict since they won’t willingly move out. Question ...
Kinjal Patel
ceiling leaked in 3year old house
We have townhouse build in Dec2014 in our portfolio. In 2017, ceiling in leaving room started leaking, right above it is the 2nd bath upstair. We sent technician and found out that leak was happen because tenant fille...
Francisco Buella
How would you structure this deal?
So how would you structure this? The seller has a property that is occupied by her stepmom. Her father passed and his drug addict wife is staying in the property. The seller sounds motivated and pretty much wa...
Daniel H.
Sealing Brick Foundation?
There is about 3 feet of brick around my buildings before the siding starts. I was going to power wash the brick just to clean it and I was thinking about sealing in the brick? I started reading online on how to do ...
Jim Kaufman
Island Design Help Needed
Happy New Year everyone. I have about to close on a flip and have a kitchen design question. There is a load bearing wall between the kitchen and the dining room. Due to a heat duct that runs floor to ceiling in the w...
Stephen D.
If a deceased person's house is foreclosed and purchased by 3rd party - how do you get possession?
I'm looking at a house that is due to come up at a Sheriff's sale. The owner is deceased and the mortgage company is foreclosing on the house and knows that the owner is deceased. In looking through the windows in t...
Mark Forest
Gutters
It seems no matter how much attention I give to the gutters they are filled and the water is overflowing and doing damage. How often do you all clean the gutters, and do any of you use one of the gutter “no clean” ga...
Brandon Palmer
Tenant looking to move to month-to-month... Considerations?
Hi BP friends!We have a family (2 parents + 1 kid) who are renting from one of our SFRs. Their lease is currently expected to end in mid-May but they are also building a house (we knew this coming into the lease) whi...