Bryce Lowe-White
Inheriting more tenants than on the lease - Los Angeles/San Pedro
I'm in escrow on a property in San Pedro and I'll be inheriting more tenants than are on the lease agreement in 2 of the units. Looking further into the RSO I see that you can raise 10% per additional tenant not liste...
Meshia Smith
FHA 203 Rehab Loan Inquiry
Has anyone heard of or had success with the FHA 203 loan? A mortgage advisor stated this is one of the best loans for newbies such as myself to get in on when starting in investing. I googled some of the information, ...
David Fritch
To retroactively permit or not? That is the question.
Wrestling with a question here and I thought I'd throw it out to the forum.
Bought a bank owned house that is 1084 sq ft 2 BR 1.75 bath on paper. The actual house is 1396 sq ft 3 BR. The additional sq footage was ad...
Kevin Glover
Adding units to a triplex
I stumbled across a triplex in my local market that has plenty of room to add additional units. There's a nearby property that is the same size and zoning and they have 6 units on the property versus the 3 units on th...
Pete Jimenez
Section 8 Question (Garage Conversion)
Hello BP, Looking to make an offer on a duplex, one side of the duplex has a 2 car attached garage. 1 of the garages has been converted to an additional bedroom and I would like to convert the second garage into an ad...
Bennett Steinle
Turning a 2 unit into a 3 unit
I recently looked at a 2 unit apartment however I believe with a bit of work it could be converted into a three unit. Are there any legal things I need to worry about with zoning and things like that? I know every are...
Kathryn Schauer
Adequate Insurance Coverage?
The insurance I currently have on my rental has the 'NAMED INSURED' listed as the Property Manager and then my name is listed as an 'ADDITIONAL INSURED'.When I questioned this, the explanation was so the property mana...
Garrett White
Underwriting an Assumable Loan
I’m currently looking a multifamily deal where the seller is adamant about the buyer assuming their loan. The purchase price is $3.2m and the balance on the loan is $2m. Does anyone have experience assuming a Freddie ...
Sharron Morrow
Dealing with Michigan Basic Insurance
Just started my reno on my first property and need some insight on how other investors deal with Michigan Basic.
Joe E.
1st Purchase Agreement Contingencies?
Hi BP fans! I am starting my REI adventure with my first potential investment property, and would love some insight on piece of it. In so far as contingencies, seems there are a couple included though here's where I a...