Tom Lipps
Title Company did not include Prorated Rent or Deposit
Hi BP!I'm set to close on my first rental ($82k duplex) this Friday.However, I received the Title Agency's Final Settlement charges and it does not include a Prorated Rent or Security Deposit from the seller (even tho...
Olly Cossio
sold land, did owner carry and interested in selling trust deed
hey everyone,
i closed escrow last month on a land sale. buyer paid me half of the sale price (we'll call this the down payment), through escrow and he has 18 months to pay me the balance
the down payment already co...
Christopher Alexander
First Wholesale Deal
Hello BP members,I have my first of 2 call backs from my yellow letter campaign. I literally sent out 5 letters 3 days ago and have 2 call backs. Both are FSBO's and one owes a small loan amount and the other is free...
Account Closed
Securities Lawyer for raising money to fix n flip
I am a fix n fliper looking for a securities lawyer. I am guessing I will need one if I am having private people lend on my projects? My understanding is that when raising money for a large multi-family project a sy...
Paul Salmela
Tenants want reimbursement for Rabies shots
A few months ago my tenant e-mailed me and said "We've had 3 bats in the house in the past 2 weeks and this morning one was in our bed when we woke up." The went on to say that they got their rabies shots.5 days late...
Russell Brazil
Landlord Fined $15,000 For Denying Emotional Support Animal
Clickbait Warning!Landlord fined after denying renter's emotional support animalThe tenant, who is mentally ill, complained after building managers refused to allow her to keep her doghttps://www.inman.com/2018/11/20/...
Marc C.
Making an offer when you don't have the numbers: How to proceed?
What would YOU do?My partners have been sending out letters to owners of multifamily buildings we’d like to own. Response, as you can imagine, has been light, but we have heard from at least two owners who have intere...
Austin L.
Seller backing out of contract?
Hello everyone,
A family friend wanted to sell one of his houses. We did a off market deal with no realtors. We agreed on a purchase price of 240,000. I found a simple online purchase agreement saying he will sel...
Matthew Hammond
Insurance for Residential Portfolios
Hey all,
I was just curious what companies and insurance policies people are using for those who have more than 4 SFR or 1-4 unit residential rental properties. Currently I have 8 rentals ranging from single families ...
Michael Greer
Angry/ dismissive agents
There is a property that has several small homes on it that are being rented out. It's a great little money maker property and it's been on the market for months.Where I'm at, it is very difficult to secure any conven...