Ryan Bird
How to pay personal mortgage from LLC account with co-mingling
I have a personal mortgage for my rental but it’s owned by LLC so rents goes to business account. How do I pay personal mortgage using those rents? I read the below approach online and wanted to see if this is correct...
Christina Hall
STR pay-off or keep going
We just purchased our 2nd STR and our 1st is a total cash cow. We have enough cash to pay off the mortgage on that 1st property and cash flow even more OR continue to invest that money into more of the same asset clas...
David Dorau
Late rent help
Hello BP community,
On 4/1 I closed on a building that has 3 residential units. Rent was overdue on 4/5 according to the lease in place. I had zero rent payments on 4/5. I sent a mailing out introducing myself and ext...
Patrick Fraire
What to do when you find structural damage while in escrow
Im about halfway through escrow period structural damage was found during the inspection. My inspection contingency window closes in two days. What should my next steps be?
FYI
This is a tri plex in downtown River...
Account Closed
Morris Invest and Oceanpointe Rehab Issues May 2018
I want to warn people from investing with Morris Invest, et al. I started with two properties to check them out and both properties were not renovated (at all or fully). Please see the review of my "renovated" duplex ...
Eli Gilbert
Help I wanna get out!?
BP family, I am a Newbie in trouble!HelpPlease I have a house under contract, I have signed everything, closing etc, but the HML has not yet wired the money!Can I legally still back out?There are no contingenciesThanks
Holly G.
Single family rentals in 36605
About to buy a single family house in the 36605 area in Mobile. It's a 3 bedroom/1 bathroom. The prices are cheap over there, under $30k. There is one where the tenant is already living there. He is paying $550/month...
Glen Fullerton
To permit or sell "As Is"
I have a home that I bought back in 2001. I am contemplating selling it, but there is an 1100 SF shop (garage) attached with a MIL apt above it (approx 950SF with kitchen, full bath and 3 other rooms) that has a separ...
Ashley Russell
Buying multiple unit in condo complex
We own one unit in a four unit condo complex. One of the other owners is selling and we want to buy.
I know there are some new rules around owning multiple units in a HOA. Who makes these rules? Is it a Fannie Mae t...
Alex Brandt
Concrete For Foundation Poured Without Passing Inspection
The subcontractor my general contractor hired to do the foundation had 20 yards of concrete poured today (35 degrees all day and part of the concrete is surrounded by a 3inch pool of water - not acceptable at all). Th...