Elizabeth Blazina
mold making tenant sick?
Hi BP members, I have a tenant that has called me to report what he believes to be a mold issue that is causing him to be sick. Now I have checked the plumbing and found no issues and I normally am pretty dil...
Alex Smith
Insurance Dilemma- being cancelled due to fire
Early in January, our duplex caught fire, destroying the bottom unit. We fully renovated it and placed the tenants. This is our best performing property and I really don't want to sell it, but after getting a notice a...
Chris Seveney
The Perfect Note To Buy
Hello fellow BP Members. As a buyer and seller of loans (and real estate), trying to find the perfect note is like trying to find the perfect spouse. If you truly want to tie the knot, you have to realize that no pers...
Taylor Green
What repercussions does borrower have if foreclosed on by private
Hi,
I was wondering what the repercussions were for a fix and flipper (borrower) if they were to default on payments and get foreclosed on by their private money lender.
If the foreclosure process wer...
Martin Guerrero
Potential Tenant has an eviction started but was dismissed
Hello fellow Landlords, I am in the process of screening a potential tenant and it appears they may have had some trouble early 2022 where they might have missed rent payments and it looks like eviction process was st...
Stephanie Nurre
HELP: Bought a house that will likely be condemned
My husband and I recently purchased a house in Lake Forest, IL that needed some rehab. We did all of our due diligence (three mold companies, chimney inspector and regular home inspector). After beginning the mold rem...
Everett E.
Safe investment portfolio for $2.5 million inheritance
I made a post about a year ago asking for advice on investing some inheritance money. My grandpa's estate turned out to be incredibly complex and still hasn't been distributed, but due to some other deaths in the fami...
David McCracken
Applicant with low credit score but stable high paying job
I have an applicant interested in one of the flats in my duplex, who has a stable job as an engineer at a large company and makes over 70k a year. However his credit score is quite low (around 550), and it shows he ha...
Joe Meares
Neighbor is trespassing and scaring tenants...next steps?
Hi guys!Question on handling strange neighbor behavior. One of my tenants is a young family and a neighbor has scared the stay at mom a few times by randomly showing up in their back yard, I think a fence would solve ...
Douglas B.
Any tips for low income/section 8 rentals?
I'm ready to buy my first duplex. In our market I can buy a habitable duplex in a low income urban market for 30k. Rents are aprox $500/unit but will likely be low income urban or section 8 tenants. The ROI opportu...