Mark Kelley
How to warn future landlords / LPs about a tenant / GP
1 November 2024 | 18 replies
I obliged to give them the time.But they didn't pay by agreed upon date in the new year.
Alex Guerrero
Is it better to list my house myself vs going through a realtor?
31 October 2024 | 29 replies
Let's say you really want to maximize potential, get in amazing pro photography, maybe some drone shots, possibly a 3D virtual tour.
Tri Tran
Need Help! will likely lose 30K to a scam
30 October 2024 | 12 replies
We’re now five days from the closing date, with no response from Lacey, despite multiple attempts from me, my lender, and even Rent to Retirement to contact her.
Kenji Tominaga
Pending closing the deal due to the current tenant not leaving
28 October 2024 | 23 replies
I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.
Carolyn McBride
STR Tax Loophole/Strategy So Close to the End of the Year?
29 October 2024 | 9 replies
There is so much nuance to these strategies.Another question popped up since my closing date is looking like it might get pushed back... what happens if the investor is not able to meet the material participation requirement by the end of the year?
Spencer Herrick
Lease end; Vacating tenant
28 October 2024 | 4 replies
Here's an overview of the periods they should consider:Monthly Leases - 15 days of notice.Leases That Last a Year or Less - 15 days of notice.Leases Without a Specified Period - 15 days of notice.Leases That Last Over a Year - 30 days of notice.If you've met the requirement of giving notice, then you can legally require them to leave by a specific date/time and change the locks the second they are out.
Michael Tesar
Hello BiggerPockets! New PRO here
28 October 2024 | 5 replies
Outside of real estate, I enjoy going to wine dinners, charity functions, date nights, piano bars, and nice dinners with my amazing wife.Excited to learn and connect with you all!
Aya I.
New Land load here. Do you issue an invoice for monthly rent?
28 October 2024 | 6 replies
If the rent amount, due dates, etc. are specified in the lease, there’s no need to provide an invoice.
Krysten Zarembski
Cash Flowing a Mid Term Rental
30 October 2024 | 10 replies
Like the saying goes - you date the rate and marry the house.
David Cheng
What do you qualify as a proof of funds?
4 November 2024 | 34 replies
To my surprise, I can count on two hands how many times a seller/agent has actually called/emailed me to verify the POF.Often, one can obtain a letter from their bank stating the account holder's name, the date, current balance, etc... and that should be more than enough to meet anyone's requests.