Chris Purcell
Picked the wrong Painter - how to fix tape seams and shoddy work?
BP,Trying to finish up a rehab and hired a guy to paint. Unfortunately didn't babysit throughout the process, and was left with some pretty rough work. How do I pick up the pieces and fix these issues? Are they fix...
Danny Duran
Land Trust Acquisition Complications with Fannie & Freddie Backed Loans
BP Community--Happy Thanksgiving!I am about to close on a property in Chicago (in two weeks). I just asked my lender if there are any issues with purchasing the property via land trust. He researched guidelines for co...
Gary L. Fisher Jr.
Bought it right. Got equity. What's next?
It's been a long journey and I've finally arrived at the beginning!
-Jester Bobbity
TL;DR: I have ~$200K equity in my first (and only) multi-family. How do I get it out? And once I do, what next?
I bought a mul...
Liel Lazar
Seller failed to disclose an insurance claim.
Hi everyone,
Has anyone dealt with sellers who didn’t disclose an insurance claim? We were supposed to close on a property in three days, but the seller didn’t mention an insurance claim related to the air duct in Au...
Davit Gharibyan
How bad can it get...
Last year I bought a 17 unit deal in a rough part of town. I was in a 1031 exchange period and pulled the trigger bit fast, lets just say.
When you visit the area, it doesn't look bad. The streets are fine, although ...
Mariah Jeffery
Advice on splitting private family C-corp
I've gotten a lot of great advice on my rental properties over the years and I have to thank the BP Community for that. Today I'm looking for advice on a different topic, but it's related to RE, corporations, and tax-...
Andrea Shields
Refinancing a Private Loan, having problems
I have a private loan, 15%, on one of my homes that was cross collateralize with another home. This was supposed to be a short term, organize and get out. I am trying to refinance into a lower rate/term and I am havin...
John Bertolon
Replaced one tenant's showerhead, now I'm getting other requests.
Shortly after acquiring this 7-unit property, I ran into one of the tenant's who asked if I could replace her showerhead. She's been at the property for 15+ years and said it's never been replaced, so I felt this to b...
Tal Shachar
Replacing windows in a 120 years property
Hey there,
Hope I can learn from all the experienced landlords here...
I just had my inspection completed, for an investment townhome I'm interested in Baltimore, MD.The house is ~120 years old, and besides the expe...
Michael Tesluck
Attempting to purchase my house from the bank..
I'm in this dilemma and cannot decide what to do. I'll try to quick and precise.
2 years ago, I went Bankrupt with the intentions on reaffirming my home that was underwater.
I owed 120,000 and the home ...