Sterling Hall
Performing and Non- Performing Notes
Has anybody on BP had any luck with transferring from flipping houses to flipping and holding notes. Seems like the next step for me since shorts sales and REO has dried up. Any opinions on this subject would be appre...
Mauricio Ramos
16unit Apartment Syndication - South Texas
Hello BP Family,We are excited as we are getting closer to our next acquisition: a 16 unit apartment complex in the Rio Grande Valley. We will be bringing investors (friends & family) for the downpayment and closi...
Jan Farley
Addendum to property management agreement re:plumbing emergencies
Had an owner scream at me because I sent a plumber to check out a leak from bathtub, saying there is no leak blah blah blah. I hold a $300 pad, but plumbing leaks are emergencies and should be looked at ASAP. I’d lik...
Jeff Berlin
co-insurance question
Hi BP,I need help translating and understanding co-insurance. I am about to close on a multi-family property out-of state and need to bind insurance coverage immediately. After going through the process of finding a...
Thomas F. Byrne
Help! Can an Owner switch # of BR's mid-negotiation?
Hi. I'm renting a property that I'm currently in mid-negotiation to purchase from the owner. I've had about 6 inspections from various professionals done; the only one I'm waiting on still is the Independent Appraiser...
Jason Maestas
Help! Denied a Cash Out Refi Using Capital Gains Income.
Hi BP,I am trying to do a cash out refi on a single family property which I purchased cash and renovated. My primary source of income is capital gains income through flipping. I was told by a lender that I cannot use ...
Nathan Biller
How do you handle your books when a PM manages your portfolio?
I have a handful of properties which are all managed by the same property manager. They use Rent Manager, and I'm able to log in and view all the standard reports as well as a complete general ledger detail. However, ...
John Chan
Selling my property via owner finance - How to Get it Done?
I'm selling one of my properties in Cincinnati, Ohio. This guy is putting down a 30% down payment and will finance the rest through me. I was planning on doing 2-3 years at 12-15% interest. Is that the normal owner-fi...
Tara G.
Owner signed lease one month before auction
We bid on a SFH atthe courthouse and are the highest bidders after the ten day upset period. In the meantime, we did our research and figured out that the owner moved out in June this year and has a tenant in the home...
Rob Gleason
HELP ! My inherited tenant is an DEADBEAT!
We just finished renovating 1/2 of our latest duplex - see newbie rental diary#3. Problem is that the other tenant wants his place fixed up too and is complaining about EVERYTHING he can find. He says there are bugs ...