Glenn Czulada
I just had a big house fire
I had a chimney fire (wood insert-unknown cause at this point), in my 6,000 sq ft house, on Monday. The fire was confined to the roof area of the chimney but they had the hoses on at least 90 minutes. There was smok...
Trent Warner
Balancing Rental Market Research with Full Time Job
Hey folks, loving the BP community thus far, hoping to make my first purchase soon! Stuck on a bit of a hard-spot though, might be over thinking. A lot of the education (books, podcasts, forums, etc) I've been taking ...
Jason Clark
This Landlord Stuff is Hard Work!
This is just a minor vent session but I got my first taste of real world landlord work this past weekend. And not the good kind. Not the "retire by 40 and travel the world" kind but more of the "your tenant will try a...
Zoe Mercier
Offer accepted but financing fell through even though preapproved
I got preapproved with a lender, submitted my offer and it was accepted. Now the lender is saying that they can't lend because the house cost is so low that the closing costs would violate the predatory lending Sectio...
Mahmood Abdul-Rahim
How to start acquiring rental units with private lenders.
Hi BP community! I was hoping to get some advice about something. I'm looking into getting into the buying rehabbing renting and refinancing strategy in South Florida.My challenge is that I don't have any assets or an...
Christina R.
First rehabs approaching - what do I need to do first?
I'm getting ready to do a "2-fer" and, with a partner, rehab two homes for rentals. My partner is experienced and I intend to ask him the same question I'm asking here (and I know he will thoroughly educate me which ...
Dustin Beam
Asset Protection vs Traditional Financing
Which is more important to you?From what I've gathered, it's basically impossible to get a nice, low 30 year fixed with an LLC. OTOH, then you're more vulnerable if you get sued.So if given the choice, would you finan...
Andrew Coffey
Too Many Options! Analysis Paralysis!
I have decided to take the deep dive into real estate investing. I've been doing an insane amount of research and I think I'm (Lets be real, I KNOW) getting stuck with analysis paralysis and I haven't even looked at a...
Andrew Hardin
Tenant requesting 5 year lease. How should I structure rent?
My tenant is requesting a 5 year lease. I was originally going to increase rent by 3% per year. Because they want to sign for 5 years, which will reduce vacancy costs, I should probably reduce the annual rent increas...
John A.
Tenant sub-leased property without our consent or knowldege
We recently visited one of our rentals in NC and found out that our tenant moved out and is renting the unit to another family. The tenant did not inform us of the change and is still paying us rent. We have a claus...