Hi!My name is Nichola and me and my husband are closing on our first 4-Plex in Michigan today that currently has 3 tenants that we are inheriting and we will be moving into the open unit later this month. All the tena...
I have a 4-plex REO with an ARV of $460K, It is being purchased by me for cash of $200K, now I have a buyer willing to purchase and is pre-approved for $300K, however I may run into a seasoning issue according to my e...
Tenant wants to upgrade kitchen countertops to granite at own expense. In general what is everyone's angle on pitfalls and cautions of tenet-initiated property renovation?
We will receive a net gain of $250,000 from the sale of a relinquished investment property and the funds will be held by a QI. We want to purchase a mixed-use replacement property for $750,000--a home with a detached ...
Hello,My property manager notified me that tenants are requesting approval for a new pet rabbit in the house. Lease specifies that one fully trained pet will be allowed upon owner approval. Tenants are not being clear...
Hi everyone,
I am a total newbie to leasing & need help with a few basic questions!
Background:I bought my house in 2017 in TX. In 2019, my hubby and I moved to the East coast and we set the house up as a vaca...
Hi BP'ers:I have a need to obtain a line of credit on a free and clear rental property I own in Huntsville, AL. I have a HELOC from Bank of America on my Tennessee personal residence but they won't give me a line of ...
I just put a house under contract and I am trying to figure out how much notice I need to give the tenant if the deal goes through. I know that here in Portland, Or. there have been some changes in our laws in favor o...
Hi,I own an 8-unit building in Los Angeles, that's on the city's list for a mandatory seismic retrofit. We just handed out the Tenant Habitability Plan (THP) notices today, and one of the tenants wants to apply for pe...
After being told of wholesale real estate, I started researching wholesales and had some general questions.
1) Do you need a Real Estate background to be successful? Would you recommend signing up for Real Estate cla...