Chris Milosevich
Should I use a Public Adjuster? My roofer thinks so.
A roofer is asking me to hire a Public Adjuster (PA) to negotiate a hail claim with my insurance company. The roofer sent me a 1/2 page contract that would let the PA work on my behalf for $225/hour with no cap. I'l...
Craig Lessler
Commercial Mortgage - Cashout Refinance on a Multi Family
I am considering doing a cashout refinance on a property (a bundle of more than 10 condominiums in a complex) I own in North Phoenix, AZ and use those funds to buy another multi unit property for cash.My criteria for ...
Ron Hollingsworth
Hard Money Draw Question
So I've done a few flips using hard money and I'm running into the issue of them sending out their inspector to verify work, however between the time that I sent the lender the SOW (while in escrow) and the time we ac...
Darius Lipsey
Interviewing property managers and checking references
Hey BP,
What are some questions you’d ask a property management companies references to vet them out and see if they are a good fit? What questions would you ask interviewing the property management company. The dupl...
Kane Rickman
Possible Refinance Scam
I need some advice here on a refinance I am going through currently and to see if it could be a scam. I’m going through a broker whose number I received from the mail on a streamline refi letter. He has been very ea...
Dustin Kunasek
Why should I stay away from condos??
I am new to real estate investing and I am looking for my first deal. I want to buy and hold. I have heard that I should stay away from investing in condos, but I am not sure why. Can you guys give some advice on the ...
Chris Gomes
Who is liable to close in a contract assignment wholesale
If you place a house under contract and attempt to wholesale the deal to another party by assigning the contract to purchase, which party is legally obligated to close? A contract assignment addendum has been signed b...
Jeremy Fields
Collecting security deposit remotely
I have found lately that the number of applicants to my units has dropped significantly. For this reason, once I have someone approved, I want to send the lease for signature with a short time limit, so I can quickly ...
Stu Owens
Partnership Structure - Living in CA and Investing Out of State
Hello!Hoping to get some input on the best partnership structure for my situation. I'm investing with a friend that lives in Utah, and I living in California. We plan to acquire 2 townhouses in Utah by the end of 2018...
Jake Kraft
Buyer backed out at closing, what to do?
Hey all. Unfortunately my second post here on BP is an unfortunate one...My house was listed for 9 days when I got a full price offer from a pre approved buyer. Of course I accepted. It passed inspecton with a coup...