Mike Nelson
Short sale opportunity with liens
I found a house down the street with me that is a short sale but the agent said it has city code violation liens on it. She said she is waiting to here back from the lender about how much they will cover the liens fo...
Manoj N.
Fridge handle broke
My tenants (3 unrelated adults) informed me that handle of the Fridge is broke. The fridge was new and they were the first to use it. They said they do not know how it was broke. How to handle this type of incidents ?...
Eric Huebner
Addendum for historical items in rental
Hello BP Nation!
Quick question for you... My family has always rented out very basic apartments in an 8 family set up in Wisconsin. Our lease addendums cover all the bases.
However, I recently renovated a duplex f...
Henley H.
Security Deposit Refund?
We rented our 13 year old cabin to a tenant who put nail holes in the pine hardwood floors and also around wooden door frames and wooden baseboards. The lease addressed this and stipulated no modifications without au...
Account Closed
BRRRR Calculator question
First off, I think this question fits into this category.........I watched the webinar Brandon Turner did on Success Using the "BRRRR" Strategy. Great and informative webinar!!After the webinar I started to really an...
Stephen R.
Assignment of Contract
Hello Investors, I have always done double closings and mainly to keep my profit margins private from end seller (owner) and end buyer (investor).
So I was wondering if there is anyway to do an "assignment of...
Jacob Bremer
Proof read my estimate -
Myself and a partner have a potential opportunity for a spec build, and I am trying to run numbers for the proposal. I am just hoping to get some feedback. Big picture is to buy an old house in a prestigious neighborh...
Jonathan Fredholm
Land Development Deal
Hello all,I have recently come into some land and after some research, have found that the land is in a MDR (medium density residential) zone. Allowing for a 6 unit building to be built in place of the existing single...
David S.
ATTENTION LANDLORDS: 1 year old electrocuted by exposed AC wires
Over the Summer, a one year old in Addis, LA (Baton Rouge metro area) died from electrocution. Apparently, there was a missing cover on an exterior AC unit that exposed high voltage wiring (240 to 440 Volts). Resident...
Kim Morrissey
Rehab Nasty Basement Apartment
We bought a multifamily March 2016. There was at one time a basement apartment. It was since stripped down to bare concrete floors and nasty paneling. It's now time to begin the rehab. We are wondering what kind of f...