Sandra Holt
Cracked glass on electric stove
My tenant just texted me saying that the glass cracked on the stove in one of my properties from when she was cooking on medium to high heat. The stove is only five years old and I bought a good one. It seems to me th...
Bradley Howard
Bought a defected house need advise
I Bought a slab foundation house in Oakland county Michigan, a month after close discovered mold and water damage in kitchen & bathroom. House value is about $150000 and mortgage is for $140000, doubt a investor w...
Patrick Pan
Jury demand abusive in Chicago eviction cases
Hi,Most Chicago landlords probably heard of the jury demand tactic that tenants use to delay the eviction cases. I had one many years ago and luckily the rent was paid by the third party in the end. The case was dismi...
Ed Moran
Land Trust ... LLC..Umbrella Policy
Hello BP - I'm about to secure my first REI (MFH) in FLA via conventional financing. I have read about placing properties in an LLC but there is a risk of violating the Due on Sale Clause. Speaking with my lender/br...
Eric Yu
Used HELOC from Main house to buy first rental property.
Hello BP community!I recently used HELOC from my residence to purchase a rental house. Seller accept offer at 10/20, but it looks closing date will after 1/1/2019. Obviously, HELOC interest start from Nov., there are...
Uday Kumar
Can Lease option price be same as appraisal instead of fixed?
I have a buyer thats willing to buy my fixer upper house as lease option. He wants to fix only the essentials to qualify for a bank loan. He is asking if we could put the sale price as what ever it will appraise for w...
James Wise
Short Term Rentals - Best Practices
My company is currently making a big push into the Short Term Rental business in the Cleveland market. Thus far, our business has primarily been long term buy & holds in the lower income space. We're going to be h...
Jonathan Scialpi
Turnkey Out of State Investment
Hello Turnkey Investors!I am new investor living out of Queens, NY. Being that the barrier for entry is quite steep in NYC, I did some research on great cities for investments and Grand Rapids hit the top of the list....
Ken M.
Creative Financing and Some Things To Know
Someone asked for more detail on Creative Finance. I always look at the exit strategy for the property to determine which kind of Creative Finance I would use. Sometimes I actually walk away from the deal - Not All Cr...
Kayla D.
Should I have STR guests (via Airbnb) complete a rental application
Hey y’all! Since listing my basement unit on Airbnb for stays 32+ days, I’ve gotten a few hits. Some of the leads have seemed very scammy - imagine someone willing to pay $22,000 for six months? Not me! But it’s happe...