Patrick OToole
Investment Property vs Primary Residence
Question for the community! I am a first time home buyer and have been saving/studying/networking this past year to do so. I am running into an unexpected dilemma as I have began to put offers in the past two weeks....
Bryan Kelly
Private Lending Structure
Hey everybody!New to BP here, but not REI. I currently have an SFR in LA, 3 in Atlanta, and short term in Blue Ridge GA. All of these where procured the conventional way with my own hard earned money used as a down ...
Huiping S.
Electric panel and insurance.
"Aluminum wires is in the electrical panel. It is not a hazard, but insurance may not insure with aluminum wiring present". This is the panel in the laundry room with water heater and lots lines.This is the #1 issue f...
Steve Olson
Tax implications of "subject to" transactions
Hi All,
I listened to one of the more recent podcasts that talked about subject to deals.
Does anyone have experiences with the tax consequences here? I would imagine that the mortgage company will sen...
Jeff S.
House had fire from over-use of fireplace
Bought a foreclosure house that had been on fire. In reading the fire report it was stated as the cause: "excessive usage of fireplaces over time that had an ongoing pyrolysis to the wood structure members."
...
Jason P.
Returning a deposit question after murder
So I have a duplex and a tenant had 4 friends over and one of the younger ones was playing with a gun and shot his friend in the head and killed him (all early 20’s) unfortunately. The tenant is moving out because o...
Jordan Hamilton
Is the price right? (first fourplex offer)
I am trying to get into my first deal which happens to be a fourplex in Miami Florida (neighborhood of Allapattah). My strategy is to use FHA financing to allow me to put down 3.5% to basically get me in the game, liv...
Owen Thornton
What makes making an LLC such an attractive option
When you are choosing to keep rental properties to yourself, or creating an LLC, what do you do? Can you still have a rental property business “ while not officially having a title such as an LLC
Nadir M.
Maintenance replacements for certain household items
Hi everyone,
One of my tenants recently found a replacement filter for the fridge and wanted me to order more before it expires. It raised a question of whether it’s the tenant responsibility or the landlords to cont...
Raymond Hill
Knob and Tube Wiring on 3 Unit Properties
Hello BP Family,
I just got a home inspection for a 3 family property and found a few items that I want your advice on a property I just had a home inspection on in Woonsocket, RI.
1.) The seller was told that there...