David To
against the law to punish the victim of domestic violence (T/F)?
9 October 2021 | 3 replies
I have a property.1) lease was originally for a couple (man and woman)2) in May 2020, man took himself out of the lease (because woman was in an abusive relationship so she states and failed a restraining order against the man so man moved out)3) Woman took advantage of eviction moratorium and refused to pay me anything for 10 months onwards4) Woman no longer lives on my property at end of Jan 2021 because I finally managed to evict her end of Jan 20215) Now, I've been communicating with her and trying to get her to complete Covid Rental Assistance programs so I can recover the 10 months back rent without having to go through small claims court6) So far, I've been rejected in two programs (one of the program states that woman didn't provide enough proof / evidence)7) So right now, I'm looking into pursuing woman in small claims court in November8) She argues she has no money or anything and is living in a safe house and to protect her from her abuser, and that she's also homeless9) She states "I have no assets, no savings, and no income.
Gary Northcutt
Commercial loan for 5 family
12 October 2021 | 6 replies
And on and on till it hit $40 million, they said enough is enough and no more.Unfortunately, they had several big customers in that situation already and finally had $150 million bad debts on the books.
Alvaro Castillo
What rehab factors should you consider for wholesalingrealestate
10 October 2021 | 2 replies
Finally there is the dollar per sqft method, which is my favorite.
Alec Newman
Understanding equity money partnerships
9 October 2021 | 0 replies
Finally, in situations like this, where Bob is taking the loan solely, is a common selling point to Bob the ability to do the same thing as I mentioned before with taxes in order to offset his DTI based upon the income the property produces?
Ann Tavsanli
amortization schedule question.
15 October 2021 | 3 replies
This is what info I have from the promissory note:Principal: $750,000Beg Date: 09/14/2021Interest Calculation Method: 365/360 basisInterest rate: 3.650%Final Payment due on September 14, 2051When I plug info into the online amortization schedule, the payment comes out to be $3,453.28, $2,2281.25 (interest), and $1,172.03(principal)However the email I have from the bank has the information below:Summary of Account Current Balance: $750,000.00 Interest Rate: 3.6500% YTD Interest Paid: 0 Maturity Date: 9/14/51 Payment Information Current Principal Due: $1,627.26 Current Interest Due: $1,825.00 TOTAL DUE: $3,452.26 Payment Due Date: 10/14/21Thanks,
Yue Lehman
Landlord’s Insurance Claim Experience & Lessons
25 October 2021 | 8 replies
Here is where the almost heart attack comes in, the insurance adjuster (who has the final determination to interpret our policy language to assess our coverage) told us that our policy was written as a Dwelling Fire 1 (AKA “name perils”) instead of a Dwelling Fire 3 (AKA “All Inclusive”).
Cristal A.
Landlord Retaliation in Michigan?
13 October 2021 | 22 replies
The electrician was very specific where the problem was, which we relayed to DTE and they finally fixed.
Lindsay Kuzara
First time Investor Looking to Build
12 October 2021 | 2 replies
I'm new to BP & investing, and I've finally nailed down my CCC and am now looking for guidance: I'm looking to build an investment property on the Oregon coast.
David C.
Best Multifamily Books and Resources that apply in 2021
1 November 2021 | 20 replies
So that changes things quite a bit.I think you stretched my brain to come up with this as a possible answer, "Adapt as you go and be prepared to wear different hats for different situations, depending upon the size/makeup of the deal."
Scott Gammenthaler
Potential renter "injured" during property tour
12 October 2021 | 14 replies
Finally, I called the insurance company and was advised they got two letters and two calls from the attorney threatening a lawsuit.