Andy Sabisch
Question on tenant smoking marijuana
Question . . .our leases have a NO SMOKING INSIDE clause. On one of our duplexes, the tenant on one side reported that the smell of marijuana is coming from the other side. Not going to get into a discussion about p...
Account Closed
Flipping with a conventional loan restrictions?
Hi!I'm trying to get into flipping in the Las Vegas, NV area. To finance my first flip deal, I'm planning on using a conventional loan through my mortgage broker. I'm telling him that I'm buying the home as my primary...
NA Gav
Tenant Screening without Agent
Hi all,I have a condo in a high rise building in Chicago where the current tenants are moving out. For the prior lease I used an agent. This time I am using Zillow to reduce on agent commissions. I have 1 interested p...
Chris Olandese
Tenant threatened to move out
So I just bought my first property (4 unit multi family). One of the existing tenants (On a M2M) asked me about the new rental rates I’m planning, and when I told her of the increase she immediately said she would be ...
Kelly N.
WIRE FRAUD- Warning, a new scam on investors
Hello BP-We are currently under contract to buy a house, and I received an e mail Friday that appeared to come from my realtor stating that the Title Company needed me to wire funds that day to make sure the closing w...
Tony Castronovo
Purchasing Properties with Existing Tenant
Looking at a property being offered at 40% discount off market value. It has a tenant in place until next July. I need to find out the current rent but not sure I like the idea of buying properties with existing ten...
Will G.
NO HOUSEWRAP under brick veneer
Inspector came back with disappointing news on a deal I thought was golden.... all brick structure was built in 2002 with out housewrap or felt paper, just brick veneer and osb sheathing behind. Confirmed in several l...
Brandon G.
Filling Out Contract for Duplex
I'd like to know if someone can tell me what if any differences there are when filling out the 20-12 1-4 contract (Texas) when purchasing a duplex. As far as I can tell the two units are listed as separate properties ...
Harry Gamble
Making a loan with second mortgage on borrowers home
I am considering making a private loan to help someone with a flip. I am not taking a security interest in the home to be flipped for several reasons. The flipper has offered a second mortgage on his home. Based on...
Sachin Parate
Refinancing rates currently
Hi AllLong time reader but first post.I’m close to refinancing a bunch of investment properties. Loan to value is under 65%, high credit score, etc. I’m being offered 3.25 30 year fixed with about 3.5 points. Though...