Nathan H.
Wrap around mortgage advice
Hi BP Community,I’m looking for some advice on a mortgage wrap deal I’m looking to do. I’m the seller and would be carrying the financing on a $750,000 duplex. The underlying mortgage is a conforming 30 year fixed and...
Blair F.
Key & lock advice on systems
Hello,
I currently have one duplex that I manage. I have put in place a lot of systems to make managing this rental and future ones easy. However one of my biggest issues is keys.
I had SmartKey locks installed in ...
Srikanth Raj
Things to consider before Firing Property Manager
Hi Everyone ,I have an out of state rental property that’s not being managed as per standards and so I want to fire the property manager. The property currently has a tenant. My question for this group is what are so...
David Bennett
Deal Structure - 5 People on Title and 3 Want to Sell
Good afternoon! I have an interesting deal that was referred to me yesterday. Here's the situation. Subject property is a Duplex in Los Angeles, otherwise known as L.A. There are five families living in both units. Th...
Jeff Fairchild
Have a tested Craigslist ad that pulls well?
Hey, I have tried a few different ads and they aren't pulling in any leads. Any of you have tested ads that pull well & could share?
If you don't want to post to everyone please at least pm me.
...
Owee Nicolas
Beware of Scammers (Real Estate Closing)
I'm about to close on my first out-of-state rental property investment when I received an email from the Title Insurance Agent that I need wire the closing funds to avoid delay. The email had my property details and r...
Kyle Doney
Contractors Material Gets Stolen- Who's Liable?
I have a contractor who claims some wire and can lights were "stolen". The cans had been sitting in the garage for weeks and he called me today to tell me 8 are gone and 2 are remaining as well as 2 rolls of wire. The...
Patrick Chiles
Are you willing to help the homeless?
There is a program under HUD (Emergency Solutions Grant Program) that provides money and incentives to property owners to rent their properties to people who are currently experiencing homelessness. And within this p...
Jose Cabanero
Red Flag(s)?
Hi everyone, I have a prospective tenant looking to rent one of my larger units (3bd/2ba 1386 sqft for $3500/mo) in Connecticut. I'm asking for the usual...-Background check-Credit Report-References-Proof of incomeWha...
Chris McHaney
How to structure a MF deal? Equity or Notes?
When I find a MF deal that we want to purchase, needing help of partners to help with downpayment and possible upfront CapEx money to address deferred maintenance on a property (roof, exterior, etc), what is the best ...