I have had 2 different tenants in different properties clog up the plumbing. SFH#1 that I self manage locally claimed that the garbage disposal wasn’t working. The plumber checked and said it was. This was a renovated...
We recently had a 2 guest, 4 night booking including New Years eve blocked by airbnb. We received the booking inquiry with a "red flag" from airbnb which we had never seen before. We told the guest we were unable to a...
I spoke with the owner of one of the few local title companies that do investor deals, and he informed me of new requirements for doing assignments or double closings.
To do an assignment I one must return to the se...
Hey BP family,I hope everyone had a great 4th weekend!I had found a deal here in Austin, TX and was talking to a private lender/partner about the deal (not on BP to my knowledge). This person ended up going around me ...
How many Wholesalers doing Double Closings are paying the Real Estate Transfer Taxes?These can be quite expensive in some places. For instance The State of Pennsylvania charges 1% of the sales price and the munici...
Hello BP Community,
I have a rental property in California and have some questions about how other investors approach landlord/tenant responsibilities. I tend to lean towards making things as easy as possible for the...
what specifically is a "Lonnie deal"? anybody have a link?
I gather they are re-sell deals w/owner financing. Anyone doing this in California?
Does anyone actually go and visit prospective tenants at their current resident to see what kind of shape it is in and how well its taken care of? I started doing this if im not 100% sure about them. Some of them don'...
Ok, so we had to close on a deal that was meant to be a contract assignment. Here are the numbers:
ARV 110k
Repairs 20-25k
Rent 950-1000
Originally asking 35k
Bought for 20k, had to repair the back extension (mechanic...
I own a 5 bedroom 3&1/2 bath house with a finished basement. I’m hoping to live in the basement and rent out the top 2 floors. How should I split utilities, HOA, ect?Can I limit the rental to not include the backy...