Ryan Saulle
Conventional? Portfolio Lender? LLC? Planning ahead
Hey BP members!My brother and I are about to purchase our first flip property. We have the 20% down, is a conventional loan through a bank the best option putting it in one of our names? Is there a faster or better wa...
Jameson Sullivan
Closing today on my first house.
Im closing this afternoon on my first live in rehab. I have a few questions. So i know theres a few things I need to have done, like an electrician to come out and replace somethings, but going forward Im going to be ...
Randy Stuart
Property Damage Fees
Happy Black Friday! Being new to landlording, I would appreciate your feedback. Our tenant move out 2 weeks ago. The home is in Fort Worth Texas. They left the property clean, but with minor damage. They installed sat...
Anthony A.
What should I OFFER on this Property?
Hi Everyone, I'm not a pro like most on here but I am learning more everyday. I have an owner carry deal offered to me on a 1bd/1.5ba 4plex. All four units are about 850sq ft and two-level. 3 of 4 are 2-year old rem...
Todd Michaels
Contractor (electrical) Overcharging after work is complete
We gutted a unit and hired an electrician to install new can lights, rerun all the electrical in the kitchen, install a larger breaker box, etc. The company is run by the owner and he has 4 electricians work for him,...
Daniel Jones
Renters broken dryer
Hello BP,I need advice.. Received an email form my property manager explaining that my tenants dryer stopped working and that they called a maintenance company to look at the dryer ventilation and discovered it to be ...
Sam Leon
Fine line between wear/tear and abuse?
How do you draw the line between wear and tear vs just excessive force & abuse?Example, if within a two month period you had the microwave oven door handle broken off, refrigerator door handle broken off, the exte...
Jens Nielsen
Rehab of 2 out of 4 units -add to basis or deduct as repairs
I purchased a 4-plex in 2016. Two of the 4 units were empty, so we did some repairs on those units (new carpet, tile and paint), plus we installed a new roof, repaired an exterior wall and fixed potholes in the parkin...
Leighton Adams
malicious mischief by tenant, water damages multiple condo units
A tenant caused water damage to my mid-level condo. The water went down to the lower units and caused water damage there. My insurance is covering her damages to my unit under a malicious mischief claim. The damage wa...
Carlos Lopez
Landlord insurname ???
hello everyone, I am new in real estate investment and I have some questions about landlord insurance.I currently have a house rented that's is producing some decent cash flow and I'm in the process of buying an apart...