Todd Ashley
Longtime lurker ready to join the BP Community
Hi everyone! I have been lurking for over a year and I am very excited to be making my first post. I currently live in Portland, Oregon where I bought my first home last April (I wish I had known then what I do now). ...
Tekoa Glover
DSCR Not so Simple
Is it me or is it the process? Doing my DSCR has been a complete pain in the tail! It has to be just as nerve wrecking as conventional. I'm asking for 50% on one property and 70% on the other. Neither have a mortgage....
Taylor Davila
Hard Money Lender and Down Payment
Do hard money lenders typically require a down payment? If so, what would the percentage be?
Mike Girard
Insurer is "not admitted to transact business in the Commonwealth
I am considering a Builder's Risk policy that my agent has secured through Tapco, a company in Long Island. The policy will be underwritten by Lloyd's of London. At the top of the quote it says this:"The insurer with ...
Joe Kim
eviction and collecting on a judgment.
Hi BP,I got this email from property manager:" The attorney has an option where you can pay a $80 skip trace fee and then nothing additional until they are able to collect, at which point they take 33% of what they co...
Abdoulaye Diallo
Inheriting Tenants With Columbus Metropolitan HA Vouchers
I am trying to close my first ever investment deal on a duplex in Columbus, OH pretty soon. The property is occupied, with tenants rent fully covered by CMHA vouchers. One tenant is on Month-2-Month and the other just...
Cory Iannacone
Is the 2% Rule still alive in the central Pennsylvania market?
When I closed on my first duplex in Harrisburg, Pennsylvania in August 2017, "the 2% Rule" was the gold standard for determining whether a property would cash flow. (The 2% Rule says that the gross monthly rents shou...
Frank Mwaisaka
Duplex altercation involving police
I am new to being a landlord of a duplex and an unsure how to handle this issue. One of my tenants called me because the tenant of the other unit is constantly arguing with her significant other and has had the police...
John McKee
Need advice on build out of single tenant building
I have a standalone former drive thru bank that is now a vet clinic. The vet clinic wants to expand the building at their cost into the drive thru area as they don't need the drive thru. Should I charge them more re...
Brian Erlich
What is the process of going through probate like?
I have an estate home under contract at a price that doesn't cover all of the claims. There are 2 FIFA Liens on the property, several unsecured claims, and the home is in foreclosure. I assume we need to go through...