Brie Schmidt
After a fire - Tenant property
A month ago tomorrow we had a fire at one of our properties in Milwaukee. Our property manager dropped the ball in a million ways so we fired them and are now trying to get an idea of where we are at with everything....
Gamal R.
Who puts out possesions during evictions
So Monday morning the Sheriff is going to come back to the unit where they are serving the writ. If the tenant is still there who puts out the tenants belongings etc. How does that work?
David H.
Indemnity in a Buyer’s agreement
Hello,
I have a question about an indemnification clause in a buyer’s agreement. A friend of mine recently got under contract and his agent wants him to sign a buyer’s agreement. He is ok with the exclusivity portion...
Sean Mchenka
Advice needed on potential tenant situation
Our first rental is rent ready ! Yay! So now we are looking so some advice on a particular situation.
We have a potential tenant who would like to sign an 8 month lease so they are free to buy a house come spring whe...
Enoc Flores Morales
First time investment
Hello bp family, I am thinking of investing in a SFH in Baltimore to live and rent. I will pay 20% down payment. The property is approximately $ 170,000 but it needs renovations my question is, would a singular house ...
Account Closed
HELOC to invest in Notes?
I'm considering buying a note or two with a HELOC. Although I'm generally leaning toward secured 1st position NPNs, it seems like a PERFORMING note (either a 1st or 2nd) would be the best way to leverage it.
As long ...
Valerie Menke
Check or Cash for Return of Security Deposit & "Cash for Keys"
I bought a property with long term tenants in place and offered them 'cash for keys'. The security deposit they paid 20 years ago was transferred to us during escrow so I was planning on giving them two different chec...
Carlos Ptriawan
All best interest rate + investment return that I found
I found all these rates and investment return to be very amusing:average CD rates: 4.5-5%Highest CD rate ever recorded: 7% (how they could made money over this I dont know)Typical MF cap rate: 4%Average 30YFRM= 6.5%be...
Daniel Luedtke
Cash out refi after a purchase through 1031 exchange restrictions
I sold a rental property back in June 2020, did a 1031 exchange (closed on the new property at the end of July 2020), and now I am looking to do a cash out refi to pull that money back out. Is there a waiting period ...
Cheryl Daniels
Refusal to pay storage fees of abandoned property
I have a tenant who was on month to month. They violated the lease by smoking several times. I gave them written notice to vacate in 30 days. The tenants complied but left behind garbage and large furniture. They ...