Hi BP people,Here's a question that I think we could all benefit to learn from. What legitimate issues have you brought up during the due diligence period of a multi-family acquisition that resulted in a credit or dis...
Situation
Bought a house with my brother 6/15/2018 for $273k on 15yr mortgage. ($265k + closing costs of $8k.) We each put down $25k cash.We each paid in $500/mo. Payments from renters covered the rest of the mortgag...
California apartment complex: We have a plumbing problem we have fixed but the city has called and said they will be monitoring the apartments and it could be a hazard for tenants. The plumbing problem has been an iss...
I have the lead on a couple of properties in the 64134 zip code. On paper they look like good investments. However, i know that i am still new to this so i'm trying to get some other opinions about this area. I am int...
I put in an offer on a home that the listing agent said has “septic issues”. I plan to have an inspection done but I’m concerned I won’t be able to get a mortgage for the property if the septic is not functional. Sinc...
Hi everyone. I'm looking at a 5-unit property. It's a house that has been split into multiple units but the tax records list it as a three family. How does this affect lending? Would this be a residential or commercia...
So I’ve always been torn between using a HVAC company and paying more or using a HVAC guy that I know , who’s union and does side work. I would prob save over 1000.00 on each install but worry a unit would fail and th...
Hi everyone,I was hoping I could find some advice here on renting to prospective retired tenants in their 70s. The prospects have great credit score and savings but don’t have a monthly 3x. I am not sure how to consid...
Just seeing how others handle the mowing at the SFH and what you see are the pros and cons of what you do or what you have done?Right now we "hire" (my family business) the lawn mowing done but we are trying to decide...
We have a Month to Month tennant that hasn’t paid on time in almost a year and She is very behind on utility payments...can we evict her during this pandemic. We gave her a 30 day notice multiple times but she finds r...