Eli M.
Security deposit by an organization
Dear BP community,A tenant whom I have selected for my property in Philly, now (two days before the lease signing day) tells me she doesn't really have enough cash to give me the two-month security deposit, as we agre...
Robbin P.
HELOC or other low doc loan for repairs?
I'm selling a property in Washington state. I am purchasing in Palm Desert. It will be a 1031 exchange. The proceeds from the WA property will give me 50% down on the Palm Desert property. I have no verifiable inco...
Ian Kisbert
Structuring Private Money
When using friend's or family's money, how is this typically structured? If the money will be used for a down payment and/or rehab costs, is a simple agreement used which lists terms, interest, amount, etc? If it is...
Joseph Fenner
Has anyone ever bought a non vacant rental property as their first investment?
I’m looking to get started in real estate and acquire my first rental property. The problem I am facing is I don’t have income and no collateral so I can’t finance my down payment with lenders/banks. So I came up wit...
Ashley Langeliers
In contract - found out it's an illegal multi family?
Hi all - I'm pretty sure we will be walking away from this deal but looking for any similar experiences? We are in contract for a triplex - have already paid the appraisal, inspection, et cetera. The appraiser reached...
Luke Gilbert
High Point Property Manager needed
Hello,I have 2 SFH in the High Point area that I need help with. Mostly to find/verify tenants and then to help manage the properties for any repairs that may arise. Please let me know of any recommendations.Thanks,Luke
Michael M.
Property Management Question
Hey BP Fam, I'm looking into Akron, OH for a rental property and wanted to verify if anyone has used IIP Property Management for their units? If so how has the overall experience been?Also if anyone has other recommen...
Jason Xue
Verifying Property Management Transactions
For those who contract a property management company to manage your properties, how do you verify expenses and transactions? I have a company who manages my building and I can access Buildium to look at my financial s...
Kyle Critchnau
Verifying addresses with SmartyStreets
Hello all, I've got a good-sized list of probate personal representatives, and I wanted to make sure the addresses I got from public records were correct. So I did a google search for address verification and SmartySt...
Lemaun Lancaster
Home inspectors
What are the things I should be looking for during a home inspection, as well as from the Inspector ?