All Forum Posts by: Ann B.

By chance, did their bookkeeper accidentally add an extra zero to $2,000? Definitely ask questions and look at the bills.

Actually, I'll add a question.

On our 4-plex, one of his contractors removed the antique door knob from one unit. I don't know why it was removed (couldn't open the lock box?) or why they didn't just keep it on the property so we could re-install it later. We informed the property manager of this issue immediately. Now, several months have passed. Since it's an antique door knob, one can't just drive to Home Depot and buy a replacement. Is it unreasonable of me to ask them to buy four sets of new door knobs, so the front doors all match again?

Okay, maybe I don't have a horror story.. yet.. but a very frustrating one about money gauging ($90 for a light bulb change?) and other issues. Our relationship is ending soon. But I was interesting in hearing stories and recourse from other investors about poor performing property managers. I look forward to the advise and moral support. Thanks.

@Trevor Scheiderer. Thank you. I appreciate the suggestion to submit multiple offers! I'm using the BP rental property calculator right now to analyze the different scenarios, including a seller financing. 

I've just experienced the occupancy issue. I started an inquiry with a bank on a 100% vacant multi-family. They're hesitant but haven't yet said "no". I didn't know a bridge loan was an option so I'm glad to know it's something to ask about.

@Tanner Marsey. Hi Tanner. Thanks for the reply and the motivation. I'm going to do it!

I'd like to make an offer on a property that has been listed for several months, and I know they're really ready to sell. I know there are numerous tools in the tool box, but in order to win over my competitors, I'd like to offer a cash purchase (approximately $100k) and fast close. Wouldn't I have immediate equity in the new house that I could apply for a HELOC and use for the next purchase? I'm interested in hearing opinions and other ideas too. Thanks.

@Andrew Zannotti Thank you for reply and great advice.

Just asking for help to understand one of the options and processes. If I apply for a hard money loan so I can offer cash and a fast closing on a purchase, do I turn around and look for a bank refi in order to pay off the hard money loan? Thanks.

@Zachary Bohn, thank you for the recommendation. I appreciate it.