William Westfall
Rental Property Flood Recovery
On 7/11/17 we had over 10 inches of rain in less than a 24 hour period. Needless to say our rental basement was flooded with the water line coming up about a 1' above the main level floor. 7/14/17 - Police finally all...
Evan Kraus
Checkbook IRA Representative
I currently have a Checkbook IRA that I invest in Mortgages.
Since I started the process I have had some issues with the company that set up the IRA. They are not the Custodian but only a representative. Once...
Jeff Whitener
inherited a house
Hey everybody,
So my brother and I inherited my grandmothers house about a year ago and now are renting it out. The house is paid in full, so everything after taxes and insurance is cash flow, which is great. I howe...
Deborah Burian
Application Fees
I'm really struggling with this application fee thing. Any words of wisdom? Going to have an Open House today and it doesn't feel right to take a fee from each applicant knowing we'll only rent to one...
Michael Herr
Well/Septic Newbie
I am well above the average DIYer in skill, and was mostly through a home-inspection course before career change, so I know a great deal about most things in a home, except for wells/septic.
I am looking at a...
Mark Marinaccio
Seller wants to remove my escape clause
I have a seller that wants me to remove the language from the purchase offer that would allow me to back out of the deal but I'm hesitant to do it for obvious reasons.Anyone have any creative ways to help protect myse...
Luka Milicevic
Rent is almost late...
Hi BP nation.
I only have 1 property and I am relatively new to landlording. My tenants have sent checks on time every month. Usually arriving no later than the 28th each month.
It's the 2nd and the mail man just ca...
Brock Bonnicksen
Tenant clogged sewer 3x in 3 months
I have an issue with a tenant repetitively clogging the sewer, and requiring a plumber to unclog each time. The first two times I hired the plumber and covered the costs. The plumber believes it is an issue with use -...
Jimmy H.
Structuring Owner Financed Deals
I am in the market for long term buy and hold rental properties. I have the cash to acquire a couple of units but would rather use that cash as a down payment in an owner financing scenario. I do not believe that I am...
Jared Vidales
Houston Insurance INSANE!
Hi All,I just entered the Houston market with the goal of buying long term rentals. I closed something in Missouri City the other day, and the insurance was $3,000! The home was worth about 145k. Im now underwriting a...