Bruce L.
Can I deduct from Security Deposit?
Hi guys,So my tenant just moved out of the place and wanted to get your feedback as far as what you all think is reasonable to deduct.Above are the pictures of damages caused by the tenant.Before Move-InDuringMove Out...
Galen Dawes
Seller wont sign termination/Closing attorney will not release earnest money
Hi,
I entered a binding agreement with the Seller to purchase an unlisted property in Atlanta, cash. The closing attorney is holding my $2500 in earnest money. In our contract it states: Seller agrees to furnish ...
Nathan Gesner
Emotional Support Animals: is change coming?
If you've been alive and paying attention the last ten years, you know Emotional Support Animals are increasingly seen in airplanes and in rentals. Ten years ago, I didn't have a single one in a rental. Today I have a...
Lloyd Segal
Economic Update (Monday, March 22, 2021)
Economic Update
(Monday, March 22, 2012)
The TV commercial used to say “When E.F. Hutton speaks everyone listens.” Well, E.F. Hutton is no more. Now we have the Federal Reserve. And when the Fed speaks, truly EVE...
Freddie Williams
BRRRR Strategy... Question
I have bought and flipped for quite sometime but now I want to change my strategy to purchasing and holding properties. Guess my first question is how is this possible. Most lenders now want 20 % percent down per purc...
Steven Ellis
30 vs 10 year fixed at current mortgage rates
I'm looking at buying a property to live in and eventually rent. My lender is suggesting a 10 year fixed vs a 30 year right now due to rates. My strategy is to keep the home long term so to me a 10 year doesn't seem l...
Dimas Espejo
Friend and His Grandma are Moving Into my Rental
Hello My Fellow BP Members, So I have a friend, who is in desperate need of a place to live. He doesn't make enough to pay the rent on his own, but is moving in with his Grandma as well, who receives a Soc...
Marc Izquierdo
IRR is a great metric to pitch! What about when not selling
Hi everyone!
When I’m underwriting a deal and there is a sale involved, there is no doubt that IRR is one of the best metrics to use and to give your potential investors. However, my model is to buy, refinance, and ...
Eric Wilson
Deal of a Single Family in a Very Rough Neighborhood
Hello. I’m looking into buying a 1/4 of a fourplex unit in Kelowna, BC. It’s a foreclosure in rough condition. It’s located in one of the roughest areas in town where tenants are usually on social assistance. Not that...
Bill Gulley
Detroit, bankruptcy, any silver lining?
Any silver lining there. 100,000 creditors. 78,000 homes empty, population 700,000, down 1,300,000 from the glory days. 40% of the street lights are out, half the parks closed and over 100 schools closed. Highest crim...