Ray Reed
inherited 85 year old tenant but rent is way below market
Hello BP,I recently closed on a 5 unit property where all of the units are way below market. With the current rents I am operating at a $200 monthly deficit. All of the residents are on month to month leases and this...
James Gravitt
RMLO License/SAFE ACT
I was thinking about getting my license to become a loan originator. Its only 4 days worth of class time and it costs around $300.
With this I could also do loan originations for other people and charge a fee.
Do yo...
Paul Haughton
How to resolve liability risk on uninsured rehab property prior to closing
I have a contract to buy a distressed single family house that I plan to rehab and sell. The house is vacant and uninhabitable as is. It sustained water damage from a broken pipe in the kitchen last winter. The insura...
Rae Stankowski
Unusual for client pay for equipment rental & not contractor?
I am not sure this is the right forum. It's not a question about rehabbing or flipping but is a construction question on my raw land-to-be-rental property. Please let me know if there is a better place to post this qu...
Ivonne Pinedo
Looking for advice. Need to review my strategy.
Hello BP! I am a new investor looking for properties under $100k to buy and hold in Florida. At this time my main goal is cashflow. The market in my area -South Florida- is out of my price range, so long distance inv...
John Sonmez
Doing a 1031 exchange and looking for best options
I'm on day 2 of my 45 day period to identify a replacement property.I've sold two residential properties in Boise, Idaho and I've got a 3rd that is under contract, for a total liquid cash amount of about $550k.I've al...
John Cornelius
The same-day-turnaround thread
Hey everyone,Let's discuss the pros and cons of the enigmatic, lucrative and tight-rope-esque SAME DAY TURNAROUND.What are your tips, tricks, strategies and stories regarding the practice of renting your STR on the sa...
Lam N.
Anything wrong with tenants installing solar panels?
I got an interesting call from one of my best tenants. These are long term tenants. They have never been late in paying rent. They are responsible for all utilities. It's a 5 bedroom house. Anyway, they asked if i...
Jude Hughes
In need of QUICK deal advice
Well BP, I'm in a pickle.I stated the year by submitting an offer on a 1913 local historic home I viewed a few days before New Years. It has been converted to commercial, and my plan is to use the first floor as my of...
Shawn Stiteler
Tenant with no heat, can’t be fixed quickly
I am a relatively new landlord (1.5 years) and encountering my first major issue. I bought a duplex January 2021. The first floor unit had oil heat and I wanted to change it to gas. There was nothing wrong with the he...