Hao Dinh
What to know/do before buying condo ?
Hello BP!!!What do you guys think about buying condo for rental ?( in Dallas ) and What to consider before buying one ? Does HOA usually cover everything including insurance ? I would love to hear your advices and op...
Robert Steele
Texas Tax Sale: Lender strategy
A friend asked me about a SFH being auctioned on the court house steps in a Texas county. At the conclusion of the sale I understand that the mortgage is no longer attached to the title. It becomes an unsecured loan (...
Mike M.
use of LLCs for holding rental properties
I read a business plan for multi-family properties and I had a question on use of LLCs. It recommends you have one LLC for the PM and then a separate LLC for each property.
If so, I'm wondering to you handle that...
Serge S.
Dealing with a not so motivated seller - 16 unit apartment complex
I have a 16 unit complex that I have been working to obtain for over a year now. It was a USDA foreclosure in late 2012 with a live local auction and I was bidding against one guy. It reached my price and cash limi...
Grant Delmonte
want to block partial payments
Hey guys,I've been accepting rent through venmo and everything was fine for almost six months. Then, the rent payment stopped. I tried everything I could to reach our to my tenants, email, texting, phone call but noth...
Kimberly T.
Sewer drain leak, water damage. What to do now about insurance claim?
Hi all, I just discovered this site when researching how to handle my current situation, looks like a great resource! I'll post in the new member forum, but in the mean time, I am looking for some advice about our...
Yolanda Little
Automatic Stay Lifted
I was a tenant where the property manager did not inform me that the house I was renting went into foreclosure. I asked on several occasions for my security deposit to be returned. I filed a small claims suit against ...
Matthew Gundersen
Multi-Family Home Insurance Policy in NJ
Good afternoon BP, I am currently looking at purchasing my first investment. It is a triplex and looks to be a sound fist investment. I am wondering what kind of insurance I will need as I will be both living in one u...
Richard Durant
Paid off rental, what now?
Hello,First of all thanks for the taking the time to read my question.Here it is: I have a rental unit (2b2b) in Hayward (CA) worth ~$250K which got paid off due to an HELOC repayment on my primary house when I sold ...
Linda Roberts
What is a right way not to renew lease with a problem tenant?
I have a problem tenant who is extremely annoying and creates many problems for other tenants. For example, he made a huge deal about a sublet in another apartment, which is none of his business. He pays rent on time....