Frank Lodge
Flood damage entitlement
Hi BP members: I was wondering if anyone in Chicago has had this experience. About a month ago we had some heavy rains in the west Chicago area. As a result there was some seepage in the basement of my rental hou...
Jake Miller
Selling Vacant Land that is in a Floodzone
Has anybody had any experience selling vacant land in Mohave County that is in a flood zone?I bought a 2.35 acre parcel for $2,500 and it is in a FEMA zone AE. I know that it will require insurance if a potential buy...
Oliver Platts-Mills
Terms for Private Loan for Income Producing Rental Property
We are under contract to purchase our fifth investment property in Virginia. The property is a large house that was split into six apartments and is currently fully leased. Over the past year my wife and I have tran...
Philip Breeden
What really goes on in wholesales?
I've heard of people making money from buying bank-owned properties and selling them before they're required to make their first payment. They say its as easy as that, but I remain skeptical. For those of you have don...
Kyle Smaagard
Annual vs Seasonal Condo Rental
Hey folks,
I have an opportunity to purchase a 2 bedroom 2 bath condo down in Naples FL from a friend. Listed for 180k currently, I haven't asked specifically on a price but am estimating around 150k for pla...
Beau Beck
Manufactured Homes? (NPR, FL 34655)
So recently I've been browsing Zillow, Trulia, realtor.com etc. and I've come across quite a few "manufactured homes". For the most part in my area they are VERY cheap. Most under $10k. When looking at local comps, si...
Brad McGuirk
Smoke Detector Placement and Wiring in an up-down Duplex
I am currently rewiring a duplex I just bought and wanted some feedback on this:
I'm putting smoke detectors in each unit, should they all be connected? Or should each unit have it's own circuit?
If there are all on...
Brendan R.
Downside to Owner Financing?
I am looking at purchasing a 7-unit property from someone we know. When my wife first spoke with her about the property she brought up that they would be willing to provide owner financing with 20% down from us. We ...
Adam Batcheller
Tenant wants a pet Dog
My tenant is requesting if they could have a pet, dog specifically in a condo situation that allows pets
Larry Wilkes
Looking for advice in the rental property area.
I'm a newbie and I've been working on paying down some debt in order for me to look like a good borrower with my first rental property. I want to know if it is a good idea to outsource all of the things that come with...