Cheryl Daniels
Tenant put Padlocks on all Rooms in Unit
Hi,During an inspection, I found that a tenant put padlocks on all rooms with doors without permission. He said that it is his right to have locks if contractors, etc enter his unit. Additionally, he will not provide ...
Greg Martin
No Power/No Water - Hurricane Irma
Hey everyone,I have 3 units right in the middle of where Irma went through. Most things were fine, except a giant oak tree fell over. When it fell, it took out the power lines and broke the water line below it. The...
Mike Carstens
How do I enter the appreciation of value after a refi & cash out?
We are finally getting our business computerized and are running into a glitch. Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgage...
Matthew Fleming
My First Wholesale Deal And I Need Help!!!
Hello everyone,I have a house under an agreement of sale contract for $33,000. I was going to purchase it but now I have a buyer for the property for $35,000. The original contract is an agreement of sale and not an a...
Daniel Coleman
Subject-To-Deals as a Real estate salesperson
Is it OK to do subject to investing as a licensed real-estate agent?
Brian Carr
Release contract at the end of Lease Option deals?
I spoke to my lawyer last week and he suggested using a RELEASE contract at the end of and Lease Option deals. The release would be signed buy everyone involved in order to make sure the lease option tenet was clear ...
Jean T.
Assigning contract-going badly!
I'm in escrow on a property. I removed all contingencies and my loan fell out the next day! Seller wanted to cancel escrow at that point. Don't want to lose this deal! I immediately found new buyers and assigned contr...
Emmanuel Alexandre
FHA 203K loan for first investment property.
Hi guys, I am excited to start my Real Estate journey. I’ve done hundreds of hours of research on what to do for my families’ first purchase. Unfortunately this housing market seems a bit daunting. I’m trying to stick...
Joe Conklin
Protecting Myself Against Pets
For a background, I have a condo to rent which there are residents below and above. Getting a qualified tenant in the unit has taken longer than expected and I have decided to accept one pet. My initial thought is t...
Kyle Swengel
Turning a 4Unit into a 5Unit Property
Hello BP! I invest in Tucson AZ and I have a 4 unit property in 85716 that used to be a 5 unit until around 2017. I understand the implications of it being a commercial property when it comes to permitting, zoning, an...