Joe Schriever
Converting Primary Residence to Rental
We recently listed our primary residence for sale. We have no other real estate holdings YET. We recently started executing a plan to start our REI business, and the first step was to get rid of our primary residence ...
Peter Sik
Should chase debtor?
Tenant moved out, according to the security deposit disposition from PM that they own ~$6000. This is including last 2 months of rent, repairs, hauling big size trashes and cleaning. As of this amount and I live in CA...
Mitch Freed
1st Short Sale Attempt
Hello,
I am attempting my first short sale very soon (auction date is 2/8/08) and I would like to make sure that I have all my bases covered before I jump into the ring. I have read a few posts by short sale newbies...
Delroy Watson
Unfinished Basement conversion
Hello Everyone, I just bought my first 2-flat in Chicago. However, I have a large unfinished basement I would like to convert to a 3rd unit. I am trying to get an estimated idea of the cost of this project. If anyone ...
Maureen F.
Construction Cost Estimate to Create Basement Apartment?
Could anyone help estimate a ball-park number to turn part of an unfinished basement into a 700 square foot apartment (either a large 1-BR or small 2-BR, one bathroom)? Just for construction, excluding architect, leg...
Brendan Dekora
Funding duplex ADU conversion w FHA 203k?
Hello! I'm new to this and have been learning a lot here. I'm looking for a little clarity if anyone can help. Ideally I'm looking for a duplex with a separate garage I can convert to an ADU. Does anyone know if it's ...
Account Closed
Cooling System On Units, What Do You Use ? (Window Units?Coolers?
Hello Landlords,Quick question, what do you guys use on your units like Fourplex Fiveplex's ? What have you experienced to be better and economical ?Coolers ? Why ? Why not ? Window Units ? Why ? Why Not?Ac Units ? Wh...
Derriel Cribbs
Hard Money eligibility for an auction purchase?
Greetings all,I have a unique deal and I am exploring the possibility of using a hard money lender. Is there an HML that will loan a relatively small amount as low as 25-27% of the deal? I will be putting 130K cash in...
Michael Strachan
Collapsed Ceiling - Who is Liable for Property Damage?
Recently, the ceiling in the garage of one of our rental properties (located in California) collapsed and the debris fell onto some of our tenants personal property, including two motorcycles. He described heavy winds...
Jay Williams
1st HELOC - How to Go Shopping?
Hi BP,I have two main questions:1.) Can you "shop" for HELOC's in the same way that you would shop for an auto loan?2.) If you can shop, what questions or tips will get you the best results?A little more info:The HELO...