Mark Forest
Bathtubs?
I have a small SFH I bought with a bathroom that only has room for a shower. I can expand it to put in a bathtub, but the renovation will certainly cost me. Is a bathtub a necessity, or is just a shower adequate? T...
Daniel Peavey
Pest Control
pest control!! Had a potential tenant ask me if I did monthly pest control treatments on property?? Need some feedback?She is financially strong, but would other landlords pay for monthly treatments or is this her r...
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
Hello,If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?It is my understanding that the new owner will have the house at the cost basis of...
James Gilpin
Direct Mail Budgeting - Help!
Hi All,
I am looking at potentially doubling up on my marketing but want to hear some feedback in regards to budget.
My plan is to direct mail (yellow letter) landlords in my area with the proposal of a long term ...
TJ Bardossas
Broker Looking to Invest
Hi All
I'm TJ, I'm a broker in NY and NJ as well as an instructor. I have several years in sales, management and training but I have never invested.
I recently came into a significant amount of money or so it is f...
Jon Loca
Too Many Rental Application --- Raise Rent ask
Hello BP, I have my property up for rent and I've received a bunch of interest and a bunch of rental applications. I want to know if I can call the applicants and see if they'd be willing to pay more rent because of t...
Oliver Martin
Should I sell? Vegas
Bought the house in 2012. Remaining balance is 250k on a 3.25% FHA loan, eligible for pmi cancellation in 2 years . Mortgage is $1670/mo including pmi. In two years, mortgage may lower to around $1300 after pmi cancel...
Mark Hu
Who is correct, lawbook or cop?
I recently read a landlord law book which stressed, although landlord should stay out of domestic/roommates disputes, that if a tenant's life or health was in serious danger from violent/spouse or roommate, landlord m...
Avery Robertson
Seller looking for 1031 into REITS (DSTs)?
Does anyone have any experience with doing a 1031 exchange into a Delaware Statutory Trust?Background: I found a potential off market seller. Older couple thinking of selling there duplex. One thing holding them back ...
Trip McNeely
Disclosing asbestos siding?
I'm in the process of buying a SFR that has asbestos siding. It's in great shape and has been "sealed" with paint (per sellers). There are no cracks or split tiles that I can see.
The property is in MI and there's ...