Joe S.
Make me an offer I want to sell in three months.
So let’s hear it from the pros. I am having sellers tell me to make them an offer because they want to sell in three months. I don’t like making offers if they are not ready to sell, because three months is a long tim...
Jeremy Karja
Contract for deed deal - Good one?
HI BP,This would be my first deal. We are looking for mainly rental units but willing to do a couple flips a year is our long term goals.Our mentor we met recently is VERY experienced nice older gentlemen. First dea...
Michael Sepe
Property Manager Fees
Finally purchased our first rental property! Being a newbie, I just wanted to reach out to the BP community and ask if these fees are usual or customery?100% of the first months rent.10% of the montly rental.3% of a y...
Moises R.
The tenant is demanding to know who the owner is. I own my rental in an LLC
I just bought a inherited tenants with a new rental property i purchased through my LLC. One of the tenants is asking my manager to tell her who the owner is so she can speak to the owner. Are we obligated to do that ...
Zachary Peacock
What am I missing on this deal?? Let's talk $$$
Here is the story: I have partnered with two other individuals who are passionate about real estate, and have experience with rehabbing shotgun style homes, but I worry they have limited business savvy.The goal is to ...
Aimee Knier
buy & hold in hot neighborhood, negotiate with seller?
We are about to buy our first duplex in a hot neighborhood here in Portland. They listed it incredibly low, so though our offer was $50k over asking it was still fair for the market (we had to make an offer to view it...
Michael Brown
Refinancing - Lose PMI
Hello BP,I have a scenario that I need help with. These numbers are pretty spot on and a situation I am about to jump in on, however I don't understand the logistics of the refinancing piece.Say I offer to buy a SFH ...
Mindy Jensen
Let's talk about nicotine
I bought a smoker's house. Prior to sale, they painted all the walls that didn't have wallpaper on them. Painted, not CLEANED then painted. Paint is starting to bubble up in places, I assume due to nicotine. Has anyon...
Calvin Lin
Extremely high utility cost
Hi folks,I have a sticky situation at one of my condo rentals in Raleigh, NC. It is a 4 BR unit where I pay the utilities. The renters are all students at the nearby State U. The electricity cost is paid by me due ...
Chris Kelly
Tenant smoking weed but can't prove it
Good Afternoon. I'm in vermont where it is legal to smoke weed. I have a clause that says you can't smoke anything in the building. There is constantly weed smell coming from this unit. Maybe I'm being too nice but I ...