Karin Crompton
Potential buyer has a USDA loan. What do I need to know?
Hey all,We received an offer on a property today in which the buyer is using a USDA loan, a product I'm not very familiar with (but will learn). To cut to the chase, is USDA similar to a VA loan in that the buyer is e...
Tony Duran
Houston compared to San Antonio/Austin, TX (buy and hold) purchase recommendations
Hi BP, I live in California and own a townhome in Houston, TX near my in-laws. I have had great luck renting it out with the help of a management company and knowing the area based off of the multiple visits a year i ...
Jake Kraft
Buyer backed out at closing, what to do?
Hey all. Unfortunately my second post here on BP is an unfortunate one...My house was listed for 9 days when I got a full price offer from a pre approved buyer. Of course I accepted. It passed inspecton with a coup...
Brandon Duff
My First Seller Financing Deal - Help!!
Hello Everyone!I currently own 2 investment properties that are SFH. I am looking at buying a 4plex and the numbers are as followed based on what my Realtor said. It is a gated community with a playground and pool. HO...
Jay Patel
Can I do better? (Cash Out Refinance)
Hey guys, So I am trying to cash out, refinance one of my rental properties. A little history: I purchased this property back in Feb 2016 for $50,000 with $800 closing costs (All in: $50,800). I have 100% equity in th...
Shawn Ackerman
Accept partial rent or give a 5 day pay or quit notice.
Just wanted to throw this out there to see what you guys think. Here's the deal. Today my property manager went to one of my newly acquired rentals and the tenant states "Can I pay $400 today and $500 on Friday?". ...
Eric Kahn Gale
2-Flat: Replacing Galvanized Pipe with Copper
I've owned a two-flat in Albany Park for about a year now. We've replaced the roof (18.5K, it was never torn off in 100 years) and redid kitchens and bathrooms. We're planning to replace our galvanized pipe with coppe...
Grant Francke
Inherited tenant welcome letter.
Anyone have a nice welcoming letter to mail to an inherited tenant? Looking for something that we can customize for each situation. I've looked around and can't find much of what I'm looking for.Thanks!
Bryn Chatterton
Preparing Property for Rental
Good morning everyone. I am getting ready to convert my primary residence into a rental property after we move. This will be my first time as a property investor. I am trying to make sure we do all the necessary updat...
Account Closed
Best Cash Flow
Hello BP! I have a client that owns a rental home here in San Diego since the 70's she is ready to do a 1031 exchange and will have 400k after sell. She is retirement age and doesn't want to deal with property man...