Patrick LeTourneau
Tenant wants a garage built and is willing to pay 1/2 the cost
I have a tenant who lives in a nice single family house in Wisconsin wi th no garage. She wants a garage and so she offered to pay half the cost if I would get one built. Business wise, it seems like a no brainer. ...
Tom Bujnowski
Marketing
The number one goal of any business is marketing. We are not investors - we are marketers of our real estate business. Everyone should be concentrating on getting leads. You can always find the best strategy-
But....
Hal Cranmer
Should it take this long to get a loan?
I have 9 mortgages (my home and 8 rental properties). I put a PA down on a 4-plex back in March. As of today the loan has still not closed with a conventional lender. My loan officer at the bank told me that bec...
Jonathan Vince
Marshall Reddick-izing the David Greene method?
Would it be a smart shortcut to use Marshall Reddick to help me buy a rental property a la David Greene’s method (as described in his Long Distance RE Investing book)? Or maybe I should rephrase the question this way:...
Jay Williams
What's wrong with my DTI calc?
Hi all,Background: I've submitted an application for a refinance on a SFH. The house belonged to a grandparent with a reverse mortgage. I'm trying to use a refinance product to clear the balance of the reverse mortgag...
Lois S.
Escrow instructions to pay off secured promissory note?
We hold a promissory note that has come due, and have received a payoff demand letter from an escrow co. that is not local.Escrow is asking for:the Note, the Trust Deed, Order to Reconvey signed by usPolicy of Title I...
Jonathan Johnson
How to evict a squatter?
Hello BP,I'm looking into buying an apartment complex from an elderly fellow. He has a "friend of the family" currently as the only "tenant" in his 6-unit apartment. He told me she has not paid rent in over 15 years, ...
Matt T.
Old-style valves in bathroom. How to keep children from burn hazard.
I've got a young couple living in a SFH built in the 1940s. Many of the walls in the house are masonry, so replacing plumbing is prohibitive. The bathtub has the old style valves—one for hot and one for cold, and t...
Austin James
Things to think about when walking a 47 unit property
What are some good things to be looking for and thinking about for a prospective buyer who is walking the grounds of a 47 unit building?I have a pretty good idea, just hoped to snag a tip from a more experienced opera...
Matt Geerts
Escaping the rent trap
I have a couple of very close friends that are stuck in the rent trap. They live near Toronto (Milton) and they are not high-income earners. Rents are expensive for them and they have families to pay for. Prices anywh...