Kyle Wenger
Structuring an offer
Hello!So I have found a for sale by owner deal that I would like to make a cash offer on. How do I structure the offer so it gives me time for contractors to come in and give me a quote on the rehab costs? How do you ...
Ben Cochran
Tenants trashed my rental
So my tenants trashed one of my rentals and moved out. Carpets were soaked in pet urine and engine oil. Countertops were damaged. Fist sized holes in every room. Doors ripped out of the wall and left the house full of...
Bienes Raices
How to negotiate with bank for mold you can't see?
My offer was accepted on an REO, and there was a strong smell in the house before--then the bank repainted the interior, probably to cover up the smell. I'm pretty sure it was mold, although the only visible mold I sa...
Quentin Collins
Water Heater in Rental
I am doing a rehab an older house that will be a rental when it is finished and I was wondering, has anyone put an instant water heater in a rental? I have had the electrical upgraded and added a second bathroom to ma...
Bill Bell
Tenant Arbitrarily Paying Reduced Rent Per Claims of Excessive Electric Bills
I have an up/down rental where the upstairs tenant is responsible for the electric bill. Over the past two months, the electric usage has been high and they have been arbitrarily deducting from the rent payment wha...
Nnabuenyi Anigbogu
Need some advice and opinions on the Chicago Multifamily Deal
Hello everyone,I wanted to get a little opinion on a deal that i could be closing on next month. It is a owner occupied multifamily but i will be moving out after a year and converting it to a full investment property...
Francisco Feliz
My Sister Has a Problem with her Landlord, help!
Hey BP,So, my sister seems to have encountered one of those landlords that @Joshua Dorkin always talks about giving everyone else in this business bad names. She is a college student in Alfred, NY (upstate) and her of...
Andrew Herrig
Help! Tenant wants me to pay hospital bills
For legal implications, this occurred in Texas (Dallas to be specific). I know laws vary by location.About 4 months ago, we had a bad rainstorm and water seeped into the bathroom through foundation due to poor drainag...
Marcin Ferenc
Contractor/Subs raising prices
What do you guys do when your contractors or subs up their prices per hour or per job for an exactly same type of work. Do you question them and try to get them back down, bite the bullet and pay if they do a good job...
Alexander B.
Rentals v Land contracts
So many people love rental properties and even though I like the monthly income I don't like being bothered with the overhead. When I think about after you pay the mortgage, insurance, taxes, plus maintenance you have...