Grace Hartman
Company swapping tenants in violation of the lease
Hi BP, I've run into an unusual situation and am debating ending a lease early. A company has guaranteed a lease (the company pays but a single employee is on the lease). Now, the single employee on the lease has move...
Allan B.
Two simultaneous first mortgages on a property, one is foreclosing, what happens?
Consider this scenario:1. Bob is purchasing a home, and starts applying for mortgages, and is shopping around. Home purchase price is $500k.2. Two banks, namely Bank A and Bank B, offer him a first mortgage, each in...
Claudia Schmidt
Which items does a landlord repair & wear-and-tear of tenants?
1) Can anyone please help me determine what is normally a landlord's responsibility in terms of maintenance of a rental property?
2) And what are the items that should be repaired by the tenant through regular wear-a...
Jonathan Rabot
Unable to Lock Loan Rate
Hi BP Community,
1st time home buyer currently in escrow. 5 days ago lender suggested to lock rate at 5.99%, which we agreed to lock it in at that rate.
Received a notice today that rate was unable to be locked due...
Lizzie Wohl
Delead or walk away after Seller discloses HUB/fair housing suit
Hi, newbie here trying to close my first two-family in Boston. While I am aware that lead is common in our old houses here, I am facing an interesting conundrum that set me on a series of google search and landed me o...
Michael W.
Net Present Value of Free Cash Flows
We are in the process of buying our first investment home. When I say in the process, I mean we have secured lending, have evaluated and attempted purchase of 1 candidate (couldn't close the deal) and are now movin...
Martin Davis
The journey thus far
Hello everyone,I was recently introduced to this site and was pleasantly surprised of the wealth of knowledge and experience in one place. I would love to learn as much as I can in order to attain financial freedom. I...
Sunny D.
Property Manager Rented My Property W/o Me Reviewing the Lease
The lease for 2015 was for three tenants. The tenants wanted to renew for 2016, though needed to find a new roommate since one of them was moving out. When I finally got the lease; it had been signed. The lease co...
AJ Wong
BIG HELOC Energy: Why large equity lines can be hard to get and what to do instead
With many seasoned real estate investors locked into low first mortgage rates and large equity positions, many borrowers and investors have been exploring tapping second position loans like home equity lines of credit...
Account Closed
Getting Started in Fort Worth
Hi everyone,
I'm new to the real estate game but I'm looking to build momentum fast.
My first year, I'm planning on wholesaling, with the possibly of partnering (80/20 their benefit) with a buyer on a f...