Shawn M.
Introduction; Metro Detroit Real Estate Investor
Hello BP family, my name is Shawn and I am a real estate investor located in the Metro Detroit area. My wife and I have several rental properties and turn a tun-key property management business. Turn-key as in the r...
Tracey Williams
Is home warranty needed?
Hello Friends,
Is home warranty needed for a single family home that is going to be a rental unit. We plan to use a management company
My agent sent me a document from an home warranty company before closing and a...
Kevin Dong
Can I get cash out refinance for a fixed rate by profolio lending
Shopping around for fix rate cash out refinance by profolio lending. I don't know why couple local bank only do adjustble rate for profolio lending in florida
Frank J.
Broker provide leads to his agents?
I joined a small office this summer and slowly realized that the broker does not do much for the office to provide any leads or new business. We have relationships with some property managers that we do rentals here a...
Jordi Love
Backup offer on nice property-but is it worth what they’re asking
We had to wait a day to see a property we were looking to flip- within that time someone put an offer on it :( it’s an original home built by a well known builder. In PRIME location.
It’s listed for 195k
It needs
• b...
Alex Juarez
Can Anyone Recommend an Insurance Provider for Rental in Katy?
Hey BP!Honestly I'm pretty confused when it comes to insurance. I've re-read the section in The Book on Managing Rental Properties when it comes to insurance, but there seems to be different policies available so not ...
Jordan Greek
Appliances - pros and cons of providing
As renter, the units always had appliances. I never thought twice about it. Now as a landlord, I’m faced with a decision to provide appliances or let the renter provide them. To define appliances, my scenario calls fo...
Brad R.
Do I need to provide receipts: damages$ pulled from deposit
For damage done to a property, do I have to send all receipts for each fix for damage that a tenant does or do I just have provide the category name and total?Example: Tenant runs into garage door. Can I just put ca...
Terry Royce
Renegotiating a contract
I have a contract with a seller, the house may need more repairs than originally thought.
Asking price was 160
FMV in as-is condition 170-180
ARV 220-240
My price 123
Original estimated repairs 20-25
New estimates 3...
Robert Lenfestey
Dedicate Service (Power) Pole to Tenant/Homeowners
We purchased a 44 lot mobile home park a year ago. We have no park owned homes, all are owned by the residents and we collect lot rent only. Each home has an electrical service pole that consists of a meter, meter bo...