Mickey Powell
Advice on strategy with GC Father-in-Law in OC, CA
Hello BPers!I need some advice. I'm about to relocate to Orange County, CA and start my real estate investing career. My Father-In-Law is a General Contractor for fairly high end renovation and private development. He...
Ally Kumar
53 year old duplex, too old as an investment?
Considering a duplex that is 53 years old, has not had plumbing or electric upgrade. Recent inspection provided by seller indicates minor issues with plumbing and makes note of older electric. Needs a new roof (that w...
Tyon Pascal
Any Advice on Owner Financing?..
Hey BP. Currently have an offer in on a property. The seller/owner is willing to do owner financing. Zillow has it for 200 + and the county has it listed as a multifamily. We have agreed to write up the contract for 1...
J. Martin
Periodic inspections of units for maint/damage - How often?
How often are you performing inspections of your units to ensure nothing is damaged, no leaks, etc.. Any formal schedule? Or just here and there when you are already there? I don't have a formal inspection policy or p...
Adam Shelley
Unnecessary service calls? What to do?
Hello! A tenant texted me and said the electrical outlets in her walls were making a "clicking noise." She included a screen-shot from her phone that said clicking sounds from an outlet could be faulty wiring and were...
Chait Borade
Leaking Roof, next steps?
I had my roof replaced in 2020. We just had a heavy rainfall over the past week and my tenant notified me that their is water leaking through the ceiling into their laundry room. I checked the attic and and there is w...
Joe S.
Can lenders withhold sharing a copy of the appraisal?
Can lenders withhold sharing a copy of the appraisal? So if I am the one that pays for the appraisal why should a Lender give me a hard time about turning over the appraisal to me? Is this common practice among lender...
Lauren Bishop
Can you help weigh in on flooring?
Just purchased my first buy and hold rental in Madison, AL. I need help making flooring decisions! We're getting feedback from potential tenants that the carpet is old, so I'm going to replace the living room carpet...
Eric La Pratt
Tenant did not sign mold disclosure, requesting under fridge looked at
So I received this message from a current tenant who is re-signing a 12 month lease:Attached is the signed lease. I have excluded the mold disclosure form. We would like underneath the fridge looked at to make sure th...
Christy Snoke
Setting up an LLC before...
Hello,Could setting up an LLC for my duplex that is upside down protect my personal and marital finances? The commercial loan I have on the property is in my name. Thanks,Christy