Matt Leonard
Would you swap oil furnaces for propane or heat pump in Maine
Purchasing a 6 unit property in Maine (cold, snow), 3 separate buildings, that has separate oil furnaces for each unit. All of the furnaces are 20+ years old and the tanks are corroding. There is no natural gas in t...
Jim Mootrey
Mold: How much to discount?
I am in the due diligence period on a short sale. The inspector found mold in multiple places in the finished basement. The house has been empty since July and the utilities were turned off. I think that is the ...
Chris Seveney
Why I Love Real Estate: The Adventures of Finding Buried Bodies
Real estate for me is always filled with new problem-solving opportunities. I do not think this topic has been discussed here on BP so let me throw it out there - lets talk about finding the buried bodies.
Let me ta...
Account Closed
Mold disclosure
We found mold in an REO that I have under contract.Fortunately it's not black mold, and is only in a small laundry room in the basement.After I rip it out, drywall, do I still have to disclose to potential buyers that...
Luke Masterson
How can i tell if recently vacated tenant was cooking meth?
Hello forum,
I am a leasing agent at a rather large property management company. We had a tenant that has been living in the same apartment for the last 11 years move out today. This tenant worked maintenance for o...
Burt L.
Help Me Save My Tenancy - What Sound Deadener to Use?
To help absorb the carrying costs of financing flip properties, I agreed to remodel an unfinished basement in exchange for a lower-than-market rent for myself. Now that its complete, I see how badly the area under the...
Robert Burns
Branching Out into Commercial
I've been working in the SFR REI market with rehabs/flips/lease options etc. I'm considering getting involved in the commercial real estate market (office buildings/multiunit housing) to primarily generate more month...
Bryan Hancock
At What Point Does UBIT Kick In For Leveraged LP Investments?
Please don't respond to this with, "Ask an attorney or tax advisor." That is a given...I want to solicit comments prior to that.
Scenario: Form a LP to raise money for real estate transactions and structure it so ...
Sebastian Giraldo
Short Term Rentals are the answer to post-pandemic travel
Industry experts foresee domestic travelers will lift Short Term Rental occupancy throughout summer and fall.
VRBO’s most recent research shows that 2 out of 3 travelers prefer a vacation rental for 2020, and this re...
Kyler J Sloan
Poor Water Quality: Full Refund or Partial?
I was curious what you all would do in this situation:
A guest arrives and sends pictures of water in the sinks and toilets which is colored due to excess iron levels. It was indeed a yellow-brown.
They stayed the...