Andre Harris
FHA LOAN FOR DUPLEX/MULTI QUESTION
Am I able to use the Owner Occupied Loan for Tri/Quads? Is there a limit to the amount of units this loan permits you to have?
Roger Z.
question on an eviction
I am in New York State.I have a one year written lease with the tenant which will end on Oct 31, 2015. Rent was paid on time before. Usually I sent a message or a phone call to confirm the rent collection date. Howeve...
Ashley Cao
Tenant won’t pay last month’s rent. Is eviction process worth it?
Hello BP Nation!
One of the inherited tenants (month to month lease) in my first investment property was given notice to vacate as we are looking to do some rehab work on the property. It is now the last month and ...
Kevin Castaneda
1920s Rehab - Remove or Keep Planking Under Drywall
Hey BP friends,I'm rehabbing a 1920s house in San Antonio, Texas, that has shiplap planking covered by vinyl siding on the exterior and shiplap covered by drywall on the interior walls and ceiling.My family and I are ...
Julie Verardi
Adding carpet in basement. Who is responsible if it floods?
Question for land lords. My first set of tenants put in new carpeting in the basement that just had a bare floor prior. It did flood and did minor damage to it but we kept it and I told them prior they are responsible...
Greg C
Move outs How picky should i be?
Hi All,
i am having my first move out after only 6 months
question ,,, how picky should i be when they move out the house was totally rehabbed down to the studs so everything was perfect when they moven in
should i c...
Eric Dymesich
Renegotiate or walk away?
I'm in contract on a Duplex and the closing is Monday. Its friday and me realtor just called and said the seller can't close because there is a tenant in one unit that won't leave. (The tenant is also behind on rent.)...
Fred Buechel
HELOC.. Use for cash purchase or down payment?
Hello BP!!I’m just now getting into the rental world. I’ll be getting my initial funds from a HELOC on my primary residence. I have access to about $70k. I’m looking to purchase my first investment property, looking i...
Allen Clark
Should I Increase Rent
2 BR / 1.5 Bath 1,100 sq ft renting for $2,750 in Seattle. Current tenants had a six month lease starting Jan 1 and now are month to month. They are in the city from Missouri and will be leaving either in Sept or Dec,...
Greg DeFeyter
Transforming Primary to rental property
Happy new years eve!I am looking to turn my primary residence into a rental property while i live at my brothers house. I am curious what steps I will need to take in order to make this process seamless. I live in Pho...