David Cook
Should I outsource property management in a multifamily building I occupy?
Hello BP,I'm looking at finally taking the plunge and buying my first property. It's a quad with tenants in place and it should provide cash flow even if I am occupying one unit free of charge. My question is this: ...
Jay P.
do i have to move out of California ?
I'm new to the real estate, I heard a few people saying since the taxes are higher in California its advisable to move out of Cali or do business with someone / find a partner in other state. ...
Jennifer Rysdam
What to do?? They won't get me copies of renter's insurance
It's in my lease that they have to have renter's insurance. I have asked for copies and they just aren't getting them to me. Do I send a final notice that they need to get it to me or get evicted for lease violation o...
Puri Indah
30 years fixed vs. Interest only
I have $340K left on my rental mortgage and I'm refinancing it now.Got 2 options:1). 30 years fixed at 3.70% or $1,565 monthly paymentOR2). 10 years interest only at 3.65% or $1,030 monthly payment.I have no W2, so re...
Shane Myers
Boyfriend and Girlfriend tenants...ugggghhhh
They want to use both incomes to qualify for the house and neither one by themselves make enough to rent. So if there is a breakup...then what. I know even a married couple can break up, and a single renter can fall o...
David Shaw
1031 exchange when Title and Taxes structure differ
Hi BP team, Happy New Year!
My brother and I own a 4-unit rental property in Los Angeles, CA, we've owned it for almost 10 years. The property Title is owned 50% by each of us individually, as tenants in common. HOWE...
Sam Zawatsky
New roof color options
I’ll be getting a new roof shortly for this property in Tallahassee. What color shingles do you think would look best and offer the best energy efficiency to reduce the heat?
Kyle Murray
BUYING A DUPLEX WITH INTENTIONS OF OWNER OCCUPY LOAN
I am wondering if I were to buy a duplex with a conventional "owner occupy 1-4 family" loan, and I do not end up moving in but instead I rent the unit out, what would the ramifications be if any? Can they call the loa...
Austin Latty
Advice on first flip
Hello BP,I have finally started taking big action and not trying to have the whole process figured out before moving. I have just gone under contract on my first investment property, and will be flipping it. I have ...
Ginger Spurlin
Quickly Becoming Over Leveraged on Credit Card renovating a House.
What do you when you used credit card debt to renovate a house that was over budget and still need to finish the renovation?