Thomas Grove
Meth Decontamination Questions
At a move out inspection meth paraphernalia was found in one of the units. The property manager had the unit inspected for meth and it came back positive. "The samples from the property came back at 720.0 µg/100cm²"...
Michael Freedman
Newbie from Tampa, FL! Howdy!
Hello BP community! My name is Michael Freedman, and I am getting back into commercial real estate after more than 8 years. I left commercial real estate appraisal at the very end of 11' (also had sales license but di...
Adam Sankowski
Refi rates and seasoning period question
Hey I'm an investor in the KCMO - Kansas City MO, Independence MO markets and wanted to see what people are getting for Refi rates? Any recommendations on banks or lenders?
Also what is the seasoning period these ...
Mark Waldrip
Owner Finance Nightmare!
Ok, I've been investing in real estate for many years and thought I'd seen everything. Nope. I'll try to keep this short, though it is a LONG story!
1. Owner financed a rent house to a nice couple about 3 years ago. ...
Tomiko Graves
Investor and Contractor - 50/50 Split?
Hi all! I am interested in partnering with a contractor but not sure exactly what makes sense. Here's the scenario:My agent (or the contractor) finds the deals. I fund the purchase price of the home and the contrac...
William Danielson
New Member Reintroduction
Hey everybody. My name is William Danielson, a Marine stationed in Camp Pendleton. I introduced myself over a year ago, but due to an eight month deployment with little to no contact with the outside world, I've bee...
Jason Macht
$6,500 Behind in Rent, Lessons Learned
I wanted to share a story of when things go wrong, what it takes to overcome the challenges along the way, and 3 lessons I learned from this experience. More specifically, I had a case of a tenant that was over $6,500...
Rigo Medina
Homestead Exemptions on a Rental a no no
The home I owned turned into a rental for 4 years, but I did not cashflow. I could not sell it for the loan amount, so I rented it for 4 years. I never notified the appraisal district folks, that I was not using it as...
Dan Milinazzo
Short sale flip turned buy & hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lowell.
Purchase price: $212,000
Cash invested: $12,000
2 family (up/down) property. 3 bed 1 bath each unit.
What mad...
Quynn Costello
Realtor Placed Tenants In Unit
My partner and I went on an appointment to see a potential deal we would like to fix and flip. The property has been on the market about 4 1/2 months. We saw in the listing that there were currently tenants in the bac...