Elaine Ericson
BEWARE using Owner Financing on selling a Mobile Home
Sold a mobile home on its own lot with Owner Financing for 74K. Took 10% down. 10% interest. Monthly payments $725/month. Buyer paid for about a year and a half and then stopped paying. Unbelievably she actually h...
Brian Ellis
Should I lower the rent?
Ive had about 50 or more inquiries on my rental over the last two weeks. After I pre-screened, Only 5 of them have actually showed up for a showing, and a few filled out the online application that I had to kindly dec...
Marvin Michel
My apartment is not renting, my agent says price is not the issue
Hi,I have a duplex property in Middletown Ohio. I spent the last few months fixing the foundation of my property, but now that's been completed and my home is up for rent, but it's been sitting on the market going on ...
Sunny Burns
I rejected applicant, he said he would pay $150 extra/month
First time landlord here. We just started advertising our rental 3 weeks ago. $1675/month for a 3 bedroom in Garfield NJ. We've gotten a lot of interest, 30 different groups of visitors, of those 8 applicants...We wan...
Jake Recz
HELOC Closed! $94,000! It was quite an adventure!
Hello. This is probably not as much of a success story as I often see here but... To me, this is big. We bough the property at the end of 2015. All cash. $54k with closing costs. Owner occupied. We renovated it big ti...
Lokesh W.
Loan Modification before Lease Option? Need Help with RE Strategy
I have a home owner who wants my help in selling her home by doing a lease option. The home is in good condition but has negative equity. They have not missed any payments. I am trying to do a cooperative lease option...
Steven Hamilton II
$500 safe harbor increased to $2,500 for taxpayers
Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...
Samuel Lacroix
Do you grant first come priority for applicants?
I have a unit for rent and two days ago I showed It to a young man who will probably meet my minimal standards (screening process is in process). I also got a visit yesterday, an older man who is looking for an apartm...
Jeffrey M.
Qualifications for Loan Mod for Homeowner in Default?
Hello beautiful people of BP! So I work for a company that purchases preforeclosures and specializes in short sales. I want to build genuine rapport with the sellers I get into contact with and I understand that a loa...
Travis L.
Pay down rental housing debt or keep cash for another deal
Hello BP gang,I have a question for experienced investors on what to do in this situation. I currently have about 30K cash to invest in my next rental property. I bought my first SFH rental in feb of this year 2020 ...