Bienes Raices
How to negotiate with bank for mold you can't see?
My offer was accepted on an REO, and there was a strong smell in the house before--then the bank repainted the interior, probably to cover up the smell. I'm pretty sure it was mold, although the only visible mold I sa...
Dennis O'Loughlin
To use equity or wait for Brrr
We need some good advice please. We have a sfr we paid cash for and is worth more than when we bought it. We have a great house we'd love to get but we cannot quite get the down and closing costs right now. If we w...
Kelvin Lee
Forgiving Criminal History and Lower Security Deposit
Screening Highlights
City criteria would broaden approvals for people with criminal backgrounds.City to reduce income requirements from 3 times the rent to 2 times the rent.City requirement to provide individual a...
Warren A.
Long term impact of not having a garbage disposal?
Hi,I have a SFH rental (no septic tank) professionally PM'd and the tenant is complaining that the GD keeps breaking and actually wants it removed or else they will move out (seriously ?). The first time repaired las...
Jose Ortega
COMMERCIAL LOAN IS DUE NOW WHAT?
Hi BP, My question is, after a commercial loan is due, for example 10 years loan with 30 years amortization. Then a balloon payment is now due for the remaining balance. What options are available in order for you t...
Kris Haskins
Finally happened, my tenants took my stove, frige & washer/dryer
Had a tenant move out last week and seems like they got me. They've been good renters for 3 years and when they moved, I guess they just felt like I owed them a favor. They blew my phone up over the past few weeks t...
Antonio Sosa
Nice house pre kids or more money?
We are still 1-2 years away from starting a family. My wife and I are pre approved for an FHA loan and want to buy a new build construction home that will be ready in 8-9 months. Base price is 500k with options about ...
Niyi Adewole
How Much $ do you keep in escrow for repairs?
Good Morning BP Family,I currently own 1 tri-plex and i have a couple offers on the table for a few more small 2-4 unit multi-families. I've been mulling a this question over in my head for a few days and wanted to ge...
Account Closed
Buying My First Rental Property Through My Brothers FHA Loan
Hi BP Community, The situation is as follows. -Brother has a sub-par Credit score, & Income. -He is located in Tampa's booming/affordable housing market.I am located in New York City and are an aspiring Real Estat...
George P.
Cashier's checks/MO when buying a tax lien
The City requires either a cashier's check or a money order for all tax lien purchases (probably don't trust employees with cash handling). Buying money orders is a real pain cause the grocery stores impose limits on...