Troy Welch
Electrical in 50 year old house - what to do
I am rehabbing this 1st property. Part of closing negotiations was that they replace the breaker box. They hired a professional electrician who installed a 125 amp breaker box. It looks like they did a very good jo...
Michael Z.
How much time to pick up an apraisal order in SF BAY area?
It is known that there is a big appraisal backlog in sfbay area now. What is the usual time to have the appraisal order picked up and completed from the time it is being placed?My lender says that the order was placed...
Michael Calderaro
Common Area Laundry Rooms - problems or amenity?
First, why did I post this blog in this forum? Because gentle readers, a laundry vendor is a commercial tenant. And the reason they are commercial tenants is because if you signed a contract, as it is called, it re...
Michael Wentzel
From the dumps to victory in 24 hours- my 1st wholesale purchase
When November rolled around, I knew I was ready for my next purchase. My first four investment properties had been found on the MLS with the help of some investor-friendly Realtors. So I once again spent hours pouring...
Joseph Jordan
Thoughts on this property?
Hi all,
I was hoping to get some thoughts/advice on this property. I know those who aren't local might not be familiar with the market in this area, but I was hoping to possibly get some ideas on the possible rehab b...
Account Closed
Boutique Motel Owners
I'm in the process of buying a small, boutique motel (7 rooms in the motel and 12 stand-alone, seasonal cabins) that's on 3-acres. There is also a house onsite that the current owners live in and manage the business f...
Daniel Lempa
Roofing estimates: are my expectations too high?
I purchased a duplex in June in the South Jersey area to house hack with the expectation that the roof would need to be fully replaced, including decking. I also have a dead chimney that I want to be brought below the...
Kalyn Williams
How do you collect your rent?
Hey Everyone, My husband and I are relatively new to being landlords. I am trying to find the most efficient way to send out a notice for Rent and collect it as well. Currently, I send out a formal text message 2 days...
Brian Porter
Understanding hard money loans
If anyone could just let me know if I am on the right track here that would be awesome! Here is a simple scenario as I understand it:I find a house with an ARV of $350,000. I offer 70% of that minus $50,000 for repair...
Brian R.
Student rental question; accepting rent per person? Or one?
Hello BP hive mind, I am curious what people's thoughts are regarding allowing students to each pay me their portion of the rent [ie, 4BD house rents for 1300 between 4 people = $325/per person] Do I ask one person to...