Derek Luttrell
Buyer's agent = listing agent = home owner?
Hi Everyone, I'll explain this the best I can. I reached out to a listing agent in Indianapolis, and met up with to check out a duplex. We got to talking and he realized I'm 25 and looking to get into rentals, and he ...
Rich Nation
Looking to learn how to process and negotiate short sales
I'm curious to know if you guys know of any good resources for doing short sales? I understand the basics but have a hard time finding any resources on how to do the actual paperwork/packets/negotiating.
Me and my wi...
Mike S.
Should I Get a Buyer's Agent on Brokered Seller-Financed Multi?
I've been in contact several times with the listing agent of a five-unit property that is being offered with seller financing. I am an investor (and not an agent) and--if further initial due diligence pans out--aim to...
Dee Bearden
Renter wants modifications to lease, need advice
I'm using a standard North Carolina lease I found online and my renter wants several changes. Any advice on these? I don't have a lawyer on retainer. The first few seem potentially problematic...23. Indemnification –...
Jalen Brinkerhoff
Website for buyer, website for seller, how many email addresses?
I am in the buildup phase of my wholesaling company. I want to register a domain, and register an email with that domain. I have a company name for my business but will have two different domain names with one having ...
Jared Hennings
Stopping Foreclosure on a Decedent's Property
I'm working a deal where the property owner passed away in March. The property is in pre-foreclosure with a scheduled Jan 3rd auction date. I've contacted her sister--who says she is the sole heir. my plan is to help ...
Ryan Hamaker
What % should expenses be in relation to gross rents for multifam
What % should expenses be in relation to gross rents for multifamily properties. For example: While evaluating a deal, for the sake of easy math, a multifamily property has gross rents of $100,000. The Actual or Pr...
Charlie Moore
STR Realistic Data/Expectations
Hey all, this is my first post on BP - thanks in advance! This community has been so helpful! I am cashing out of a rental and would like to turn this into some good cash flow. I am debating between multi-fami and STR...
Jenny Nguyen
Can I deduct cleaning expense from tenant's security deposit
My tenants moved out but didn't clean the house thoroughly, especially the kitchen, closets, door, light switches. The house was very clean when they move in and much more dirty when they move out. I asked them to cle...
Huiping S.
Electric panel and insurance.
"Aluminum wires is in the electrical panel. It is not a hazard, but insurance may not insure with aluminum wiring present". This is the panel in the laundry room with water heater and lots lines.This is the #1 issue f...