Andy Gill
How to accelerate distribution of excess funds after foreclosure
I bought an HOA foreclosure at auction and paid about 24k over the foreclosure amount. The attorney representing a mortgage lien on the house is being coy, saying that they'll send me a payoff for the full mortgage am...
Becky Farnsworth
How do I put my investment properties in a business name?
Hi everyone! I am new to the group and look forward to your advice! My husband and I have 2 rental properties in our name. The first one used to be our primary home so we left it in our name because we didn't know h...
Stephanie R.
Tenant threatening small claims for cleaning security deduction
Hello, I am a new California landlord whom bought a property 2 years ago with existing tenants. The tenant moved out after living in the house for a decade.
Per the request of the tenant, we performed an initial insp...
Marc Shin
contractor is threatening to take me to court
I've been working with a contractor on some renovations and they are threatening to take me to court. We do not have any signed contracts in place. What we have is a good spreadsheet with a list of tasks, and as the...
Account Closed
Moving to first closing on MFR!!
As I begin moving toward closing on my first MFR we have ran into a snag. Hopefully this will be resolved soon however.Problem: Owner brought lot next to property and combined the porperties in 2012. There was some so...
Jay Helms
Insurance on your $30k PigCow?
Hot topic here on BP is the validity of $30k properties. I have one that is a cash-cow and wish I had 1,000 just like it. I've heard $30k properties referred to as pigs, hence PigCow. My question is this, for those o...
Cory Boren
Subject 2 Title Question in Houston
I'm looking to take over a mortgage and the title search shows that the sole owner, per the filed deed, was married and divorced during the period of ownership but the ex was never on the deed. I would like to get th...
Cory Cook
Protection against Liability Claims (Insurance/LLCs/trusts/etc.)
Greetings BP, My wife and I have four rental properties, all tenant occupied (two in SC, one in DE, one in VA). We've owned each of the properties for several years, all cash flow, we have 30-year fixed loans on the ...
Kerry Baird
Hurricane Irma Damage --Claims process starts
Sadly, the entire ridge cap of an expansive copper roof blew off during Hurricane Irma. Water comes in through the venting at the roof ridge and runs under the copper. I called my agent, who is still out of power, a...
Account Closed
Vacation Rental Property Insurance
I just got an insurance quote of $2400/year on my property that I will be using for Short Term Vacation Rental. I am in California. Does this sound like a fair price? My regular home insurance policy on this property...