Lauryn Meadows
Utility Bills Staying with Real Estate after Closing
Hey all! I have a question. I closed on a flip property last week in Flatwoods, KY. We did purchase title insurance at closing, and no liens on the property. I've called the city of Flatwoods utility to turn on water ...
Christian Hall
"Cash for Keys" vs. Eviction
Hi BP,I've had a tenant for about six months who has typically paid on time. However, she has run into some hard times and is now behind on rent by $1,890. ($840 remaining for Dec 2019 + $1,050 owed for Jan 2020 = $1,...
Trent Quinlan
How Early is Too Early? Contractor Looking to Get into Fix and Flips
Hello All,I'm new to BP, and new to the rehabbing/rental scene in general. I'm a residential contractor and I would like for my business to focus on full rehabs rather than smaller jobs for individual customers. It is...
Brannon Hamby
Seller finance to reduce taxes?
I am in final negotiations on acquiring a property that was inherited. The property is in a good location, thus attaching $value to the purchase price, but there are years of deferred maintenance, and a full rehab is...
Shane Crockett
Lenders love my DSCR and rent rolls, but hate my LLC!
I’m under contract on a $2M STR investment property with great rent performance, above 1.25 DCSR, and room for growth, but my investors are $50-75k/ea on a $500k raise so there’s going to be 7 of us and lenders don’t...
Sharon Klein
Contractor does a poor job and has to be replaced; how do you fire contractor 1 without him filing a lien?
Almost finished with a rehab project. Contract was overdue almost 2 months. Part of the job was some major excavating in the rear yard which involved removing a collapsed pool and patio, regrading the yard and see...
Joshua Steven Ferrell
Best Structure for Partnership?
Hello all,What is the fairest way to partner with someone with the following situation? Two friends want to purchase a rental property together. Both have capital to invest, but one person is going to take on 100% of...
Valerie Kinkead
Personal Residence Converted to Rental Property--2.37% interest rate--sell or hold?
My husband's job moved us away from family and across the country in early 2022. With the way house prices were skyrocketing in our home state, we didn't know if we would ever be able to afford to move back again if w...
David Siegel
Need help understanding my rights as a landlord in California
I have a tenant and they have been great for 2 years. Their lease is up on February 29. We decided it would be best to sell the property about 2 weeks ago and notified the tenant we do not plan on extending the lease....
Joe B.
Bought first property, now what ?
Hey all I bought my first property for $190k. PITI is $1200. It is a 3/2 single family home. I am renting out 2 rooms for $925 and I am living in the last room. I am also laying $600 towards principal. My question see...