Mario F.
About to do start Demo - should I test for lead and asbestos?
Hello, I just purchased a fixer in INglewood CA. A fourplex, which was build around 1940. We are about to start the rehab process in one of the units. The contractor I talked to today didn't seem very worried about...
Michael Mossbarger
Contract for deed with an existing bank loan
Hi All,Does anyone have experience with buying using seller financing where there is an underlying loan?My question is whether a bank is likely to accelerate their loan and go to foreclosure when the loan is being pai...
Seth Jacowski
Cats
Hello all,My property manager has found a qualified tenant but she has a cat. Initially, I have always been hesitant to the idea of pets in general just because you can never be sure how well the pet is taken care of....
Tyler James
How to do PadSplit Due Diligence?
Hi Everyone!I've been house hacking and STRs for a few years now. I'm looking at purchasing another property. In my market, I've noticed a few turnkey PadSplit properties for sale with corporate leases and property ma...
Demetri T.
SIMPLE IRA at Vanguard to be used as a Self Directed IRA
There are so many posts here that I don't find myself asking to many questions... This may be answered elsewhere but I am having trouble figuring out the thought process with it before I head to my CPA. There is a l...
Francisco Trejo
Is this Legal for lenders.
Hello BP community, today i was notified by my loan broker that the rate on my loan just went up 5.75 on a cash out refi for a triplex here in L.A. This is a no doc loan based on income from property.
I started th...
Brad Gross
Moving from AZ, want to keep home as 1st LTR
Hello! My wife and I bought our first home in San Tan Valley in Oct 2021 and are likely going to be moving this fall. We will be moving to Kentucky, too far away for me to manage the rental. I have no clue where to st...
Maggie Hayes
Property Manager & invoices
Hello, all! I was hoping for some guidance. Are PMs required to indicate their repair fees, or do most PMs just inflate repair prices? We had plumbing work done. The estimate provided by the PM was 1k more than the es...
Jessica H.
If you ( the investor) buys the materials for a job....
...how do you work it out with the contractor? Do you go with them to buy supplies? Ask them to front the cost and once they deliver materials and show receipt you write them a cheque? Do you have them compile a li...
Reed Nixon
How to Raise The Rent!?
We purchased our first duplex last year and it came with two excellent long term tenants, (one left) and we were able to, in less than a month renovate and 're-rent for $300 more. The other units rent though was not r...