Tracey Steele
Chicago / IL Short Sale and First Right of Refusal
Hi BP Community!What are the rules around short sales and tenant's first right of refusal? The property is in IL / Chicago. Does the bank always have to accept the tenant's offer? If not, what are the stipulations aro...
Tanisha Baker
is it possible to have multiple SFR under one mortgage
Hello bigger pocket family ,My name is tanisha and I’m new to this site and still New to investing , i have a a couple of rental properties under my belt but this next deal i was thinking of buying a bundle deal of si...
Jack B.
Let tenant hire technician to install phone jack?
Tenant wants to switch to DSL internet but the house has no phone jack. Tenant is willing to pay for a certified technician to install one at their own expense. Should I stipulate that I get to screen the certified te...
Keith Schellhardt
Showing Rental Property While Occupied
Tenants gave notice that they plan to vacate. Lease Agreement stipulates they must provide 45 day written notice, however it was less than 30 days. Lease Agreement also stipulates that Landlord can show property to pr...
Bill O'Donnell
Proposed legislation that affects real estate
https://omar.house.gov/media/press-releases/rep-ilhan-omar-introduces-bill-cancel-all-rent-and-mortgage-payments-during?fbclid=IwAR1G3Hdu5MOl8_MelVLYoTxMF2IkK5sO0N6ajxefuE1UjGZ4bmwP6f74SR8Has anyone seen this proposed...
Patrik Kusek
Smoking in rental unit
Hi everyoneI'm am considering purchasing a couple of condos next door to each other. They are in pretty good shape and are tenant occupied with long term tenants. However, on the inspection reports the inspector liste...
Marsha Burks
if I prohibit pets by lease for 1 tenant do I need to do for all?
The lease stipulates 'No pets". However, a very good tenant of 4 years recently asked if she could have a small dog due to feeling lonely from quarantining. I'm ok with granting this. However, I also rent the adjacent...
Stacie Smith
Closing soon and non-tenant occupant remains
I am purchasing a property through an attorney-trustee for the elderly owner, who resides in a nursing home. An older man has been allowed by the trustee to live in a tiny house on the property in exchange for his...
Burke Fisher
Commercial Equity Financing
Hey guys, so I have a small business (Bowling alley) that has about 85% equity. We are currently expanding and updating the bowling alley; adding a beergarden in our grove area. But we also want to leverage some equi...
Lynn DeShazo
HUD "reverse mortgage" listing buys?
HUD Guidelines 24 CRF 206.125 applies to the sale of Reverse Mortgage Foreclosures. The stipulations state that "Property cannot be sold below appraised value (LIST PRICE)." Can anyone familiar with this HUD product a...