Todd Moriarty
Tenant won't pay water bill. Any suggestions?
Hey all fellow landlords "in the trenches" with me in the Detroit area:In the five years my tenant has been at my rental property, most of the time he has been $300-$600 behind in the water bill. It's his responsibil...
Ana Puig
Building On-Farm Cabins...would it work? financing?
Hi ya'll! First time posting, but have been listening to the podcast for a few months.I have a livestock farm in North Florida (I raise cattle, sheep & layers), and people usually have a good time when they get to...
NIcholas Hamel
Should I cash out refinance?! HELPPP
Hey all, i need some help. I want to get into real estate more. I have a rental property that rents exactly what I pay for the mortgage. The bank is willing to give me upwards of 90k in a cash out refinance. The in...
Dana R.
Other landlords rejected applicant- Is there something wrong?
I have a applicant who's pretty eager to rent my place because several other places have already turned him down in favor of other applicants. I think the applicant has been looking for at least two months since he ha...
Kenny Wolfenberger
Commingling Funds - is it legal?
At a recent real estate seminar I attended the presenter said that it is illegal to commingle funds from different private lenders to purchase a property. The example he used was borrowing money from 2 relatives (5...
Eric B.
New RE Investor, Advice Needed
Hello everyone,
I've purchased/sold multiple times for my primary residence. I'm in the process of moving from one state to another, and if all goes well in this market, I should be under contract tomorrow. My plan ...
Jonathan Satizabal
Purchasing properties with "illegal" units
Would you purchase a property in Chicago with a non-conforming or illegal unit? What are your exit strategies if an issue comes up? What are the insurance or legal risks? Would you purchase the property valuing it wit...
David Greyshock
Appraisals
I have been looking at turnkey investment companies lately for out of state investing. One of the common themes is that there may be a discrepancy between the asking price and the appraised value(possibly higher) So...
Dillon Kenniston
Seller Financing relative to Equity
Hi BP team,How should a property owner's level of equity inform the structure of seller-financed offers?I love the idea of making multiple offers on a property where total offer amounts differ based on financing struc...
Nathan Gesner
Landlord lost $60,000 in rent, Tenant walks away
As the Landlord admits, he's partially to blame because he failed to conduct a background check. If he had, he probably would have learned these are habitual offenders. We used to call them thieves.https://www.wfsb.co...