Sarah Lewis
Early Termination Fees- Have they held up in court?
I'm looking for some protection against a tenant who will break a lease, especially during the winter months when it might take more than one month to find a replacement tenant. A early termination fee in the lease, w...
Jason T.
Home Equity Loan without the 6 month seasoning requirement?
Hi fellow BP investors! Well, I'm officially stuck and hoping someone can help point me in the right direction...I recently purchased a primary residence and have spent the last 6 weeks remodeling and rehabbing. Amo...
J Usmonov
Your Flip Experience
Want to your experience about flipping, especially in expensive area! Did you purchase the property all cash or financed?
Andrew Grieb
Who is responsible for Utilities during a Foreclosure Inspection?
BP,I am making an offer on an REO property and my Agent sent me and addendum stating the bank requires that the Buyer's agent be responsible for turning on the utilities during the property inspection and pay for the ...
William Coet
Super High Property Taxes. Sale May Raise Assessment
If a property is assessed for much lower than it sells for, the assessor can raise the assessment to the sale price. This would make the property tax expense too high to cover other expenses (mortgage, insurance, mai...
Tammy M.
Transition Owner Occ to Rental and back to Owner Occ
We have a house we want to turn into an executive rental but eventually return to the property as owner occupied in Texas.1. Are there firms that specialize in executive rentals that anyone recommends in the Dallas/Fo...
Thomas Fosnaugh
Potential 4 Plex Deal
Looking at another potential 4 plex deal. Fully occupied, Listed at $129,000, #4 2 bed, 1bath units rents for $525/unit now, zoned commercial so would have to use commercial financing, tenants pay electric, landlord ...
Michael Zagorsky
Cost Basis and Losses for converting rental to personal residence
We had a tenant leave our rental property in May of this year. We received about $5,000 in gross rent. The tenant trashed the property and we had to spend about $8,000 on repairs. Including new paint ($4,400) an...
Mark Gagner
1099 contractor won't complete W9 form
Hi BP,In 2014 I hired a recommended contractor to do a quick job for me at the end of a project, but later learned that he was unlicensed (yes, I know I should have known that upfront AND got a W9 filled out before wo...
Timothy Evely
Estimating expenses on multifamily homes
What are some ways to estimate expenses on multifamily homes? Is there a lot of variability in expense levels between properties within the same neighborhood/city?