George Bailey
Lending to a Non-US resident
Hi all! I am new to the BP community and looking for some advice from you friendly people! First, let me quickly give you some background. I am British and have been working in the US for almost 2 years. I am currentl...
Adam Johnson
Lucky Break or Multiplex Mistake?
Hi guys,Today I stumbled upon an off market deal that has some really great potential, it's a 4 plex located about thirty minutes from my residence; the issue that I have is that the 4 plex is seperated out into both ...
Vera Herlihy
property management contracts between owner and PM Co.
Hello. I'm hoping someone can help me. I'm about to enter into contract with a PM company, but have some questions about the contract. This property is in PA. I've looked online, even the PA Realtors Assc. to see if ...
Susan Wong
Vacation Rentals in Big Bear Lake - Insurance
Hi,My name is Susan and I'm new to the site. Was wondering if anyone can suggest a good insurance company. I'm getting quotes of $2k-$3K per year for vacation rental insurance. That appears to be very high. Would appr...
Keith Smith
Mutual lease term between landlord and tenant
I'm curious if others have a tenant sign something when terming a lease early? In my situation, I have a tenant who moved out and said they couldn't afford rent thus breaking their lease. Obviously, they will not be g...
Denise Pauzano
Issues with Tenant-supplied Appliances
Tenant supplies their own appliance (refrigerator) after you (landlord) offered to provide prior to signing lease (they refuse, they will bring their own). Appliance breaks within first month then tenant asks you to r...
Meghan McGuire
Mold in window AC units
I have an old building no central air but I do provide window AC units, I usually install them for them and take them for the winter time. So yesterday I installed them in one of my units and even before they were ins...
Louis Aller
Separating Heat in Walden NY 4 unit
I have a four unit in "upstate" NY with one oil boiler paid for by me. What is the best way to separate the heating system and pass that utility onto the tenants? (The utility company will run natural gas lines to the...
Forrest B.
VA Judgment collection to a person who moved to NC
I've got a 5-year old judgment in Virginia Beach (total value of judgment, legal, and interest currently around $8,000). I've been able to locate the debtor, who since gotten married & bought a house in the Fayet...
Trey Leigh
Opinion / Ideas on this deal
I thought I was doing ok with this, but after reading on here, everyone seems to be doing much better. Heres the deal:
Purchase Price 38000
Mortgage 29000 = 253/month on 15 years @ 6% ($16500 out of pocket do...