Don Dougherty
Deposits vs Insurance
Hello all! Just finding this site. We have had some really mixed experiences this year with inconsiderate guests, and we have been playing around with the deposit vs insurance. As most would recoginze, most guests ...
Ronnie Galindo
Need a reliable contractor Houston area
Ok BP Community,I know I am asking for your first born child BUT....... can anyone recommend a reliable contractor for flipping and buy & hold? Currently I am flipping (have 4 deals going) but my contractor is not...
Bill Robinson
Rental house in disrepair with tenants
I have a general question about rental property in disrepair. My parents have a rental house that has some major floor rot problems. The house is on peer and beam, not a concrete slab. The tenants have been in the h...
Joseph Micheal
Owner Occupy with Lowest Down Payment
Hi All,
Im looking to owner occupy a duplex property and keep as much cash in my pocket as possible.
I have spoken to a few bank and brokers who have told me its 3.5% for FHA or 15% for conventional.
Are there a...
Nik Moushon
Are HELOC based off Tax Accessed Value?
I am working with a bank on a construction loan for a duplex. I need between $20-25k to put up as a bond for the utilities (long story but the city has required it). My problem is that I need this money so the city c...
Veda B.
Closing costs in Texas!
Hey Texas BP!Just got pre-approved by my first lender and I have a question related to our closing costs.I'm planning on purchasing a duplex for around 280,000 with $10,000 down using an FHA loan. After accounting for...
Loren Oatman
New York Landlord and Screening software.
I live in upstate NY and with the new tenet laws we can not ask if they have ever been evicted. We can only charge $20 for a back ground check. We can no longer ask for an application fee. With some other disturbing t...
Cathy Leco
Security deposit vs non-refundable fee
I am considering going from charging a refundable security deposit vs non refundable fee ($40/booking). If I go with the non refundable fee would I use a liability account?
Terri Lewis
multi million PML, how crazy is this? Scam, or possibly real?
We have been approached by a millionaire from Nigeria. I have ran a check on him and he is indeed wealthy, if he is who he says he is. He has approached us with a multi million dollar loan offer. Seems bogus, and not ...
Tracy Percival
Is it Worth It?
Hello all,
I have a 2 BR condo in SC that is currently being shared with my son and another college kid. I have a lease with the kids mother, who lives in Maine, until the end of December, to include rent and 1/2 of...