Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
Ryan Fitzgerald
Hello BiggerPockets! New PRO here
25 January 2025 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Nicholas McCormick
STR in Bloomington, Indiana?
23 January 2025 | 9 replies
We also have this specific property listed on FF in hopes of gaining a 3 month + rental through the winter.
Dallas Morioka
Using Seller Financing to Buy Primary Home
22 January 2025 | 3 replies
My main question is whether it makes more sense to go the seller financing route and pay off the principal in 8–10 years or stick with a standard 30-year loan.My thinking is that the tax deductions from a mortgage wouldn’t outweigh the potential equity I could gain over those 8–10 years.
Anirudh Reddy
Who can claim interest paid on a seller finance property?
23 January 2025 | 4 replies
YOLOGeneral principle of taxation: to take a deduction, you mustA. be legally response for this payment and B. actually make the paymentThe conclusion should be obvious.
Sonu Sundar
Dubai real estate investment
26 January 2025 | 32 replies
(e.g. peace w/ Israel, gambling legalization, etc.)
Owen Wang
Looking to learn more about being a realtor
18 January 2025 | 4 replies
Both @Nathan Gesner and @Lauren Stark have provided valuable insights on this.One potential path for you is to join an established team to gain experience.
Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
•Deal evaluation: Simple, actionable advice or tools to help me confidently analyze and structure deals.I’m also looking to network with wholesale-minded agents, understand local buyers’ preferences (buy boxes), and explore mentorship or partnership opportunities that can help me gain momentum.I’m eager to learn, take action, and build something impactful for my family.
Tammy Elias
Change in Management
15 January 2025 | 8 replies
If you are a legal property manager in your state the owner should have the unfettered ability to allow you to act as his/her agent to enforce the lease, whatever provisions they may contain plus whatever your state laws allow.
Charan Angara
Potential STR Investment Prospects for a Newbie in Houston and Surrounding Markets
16 January 2025 | 4 replies
I'm eager to learn from experienced investors and gain valuable insights into the world of STRs.