Account Closed
Is it dumb to hire a PM in a red hot rental market?
Portland's rents have been rising over 10% year over year. There's a lot of political brew-ha-ha both locally and at the state level over tenant protections and increased housing costs, and local and state laws have ...
Mark J.
Create an LLC for Managing My Properties?
{LONG POST WARNING}I've researched this topic in a dozen other BP posts-- but I could use some additional input from the experiences and opinions of seasoned investors.(And please, no "consult with an attorney" respon...
Michael Lebeau
Forming an LLC in CT - Worth it?
Hello all! I have been back and forth on the idea of setting up an LLC for 2 rental properties (each 3 units) I currently own. I live in one of the units with my family. I've been doing some research on pros and cons ...
Michael Fortier
Renting to multiple college students
Howdy I live in Lubbock and the city ordinance states no more than two unrelated people can occupy a house together. I believe most college towns have similar ordinances. I hear people all the time say you can get bet...
Bruce L.
How to handle Renter's Co-Signer
Hi guys,
I have an application in for my property. Here's the story.
Single mom with 1.5 year old girl, about 6 months ago separated from her baby daddy and moved in with one of her friends.
...
Raven Parmer
Duplex zoned single family
I'm sure the answer to this question will vary by location, but here goes. We are under contract for a duplex with an additional carriage house apartment in Louisville, Kentucky. This will be a live-in flip, and we p...
Kate Homme
How to sub divide vacant land? steps and suggestions
The short story to a very long and drawn out neighborly dispute: I need to sub-divide a parcel of land. What is the most cost effective way to do this in Washington State?Background: I have a rental property in the So...
Charmaine M.
Closed 1st deal!!....here are the numbers.
Hey all, after months of stress and agitation finally closed on my first investment.Here are the numbers...what do you guys think?Single Family 2/1Asking- $290KPurchase -$250KAppraisal -$275KDP- 20% ....didn't want to...
Steve P.
Sex Offender
I have a tenant applicant for my duplex unit that informed me that he is a registered sex offender. He says it is of the lesser variety 7 yrs. ago and it will be off his record after 10 yrs. I am not very up to date o...
Roy Gutierrez
Flooded basement in rentals
Hi,We just had a very BAD rainstorm here in Michigan (oakland county). My house and 2 rentals had water in the basement, unfortunately I didn't have flood insurance (like 99% of people here it seems). The water has be...