Cathy Svercl
Rent credits for cleaning & painting by future Tenant
Hello, We have a triplex in a lower-income neighborhood in the Tampa Bay area. We have a pretty good Tenant who is moving from one apartment unit to another. The previous Tenant left the place dirty, and several rooms...
Anne Williams
Feeling stuck- what would you do?
So I started my very first flip in August w a target finish in early October. Details below.. a few surprises but on track to pull down the ARV and make around 30 k.So we put it on the market listed way too high the...
Matt W.
Last minute short sale, how did they pull it off??!
Some quick background: I contacted a man headed to foreclosure back in April 2020. It was a nice SFH, probably worth $300k. He met me and showed me the inside, nothing wrong with it. His wife passed away in the hou...
Sandy Sawyer
Looking for a way to invest my ROTH money
Please forgive me it this ground has already been covered, but I've read that I can use the money in my (and husband's) ROTH IRA to fund investments, but better to put them in an LLC that I can manage the checkbook. I...
Jaison Emmanuel
Appraiser Value is less then Sale price? what should I do
Hello BP members...I have a flip home that's in the contract for $132K.The buyer is going thru an FHA loan, and the appraised value came out to $125. The buyers don't have the 7K to cover the difference, and b/c its...
Lorene Fleming
Evaluating an empty multifamily
I understand the concept of making an offer on a mf based on NOI and expenses and the cap rate; however, in the event of an REO mf that will be empty - if not @ coe than not that long after - but still non performing....
Account Closed
Ever keep a negative cashflow property?
Are there ever reasons to keep a negative cashflowing property? I have a decision to make.Here is my situation...Purchased: 2005 (We are 10 years into 30 year mortgage)Reason Rented: Moved to new home. This is our or...
Oladimeji Sonibare
How to structure an equity partnership??
Hey, guys!I’m getting close to closing on a deal with an equity partner. This will be my first partnership so have no frame of reference. What’s the best way to split our equity if he’s providing the down payment and ...
Dan Thomas
Airbnb claim process
First time in 3 years we have had to file a claim with over 150 airbnb stays. Guest left all windows and door open in our cabin in -15 degree weather when they left causing a frozen pipe. Left the place destroyed and ...
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rental house & appliances
i am in the process of buying my first rental. i am getting the washer and dryer in the transaction, but no fridge.
my main question is, should i buy a new or used fridge for the tenants? i have been told not to ...