Hi! I'm in Chicago and in the process of closing my first property where I'm inheriting tenants that haven't paid in a while. The situation: 7-unit building where the top two units are family and are both not paying r...

Hello all!I’m preparing to close in a few short days on my second investment property: a cash flowing, fully occupied 4 plex! Though I’m hoping that this new chapter in my investing career is as promising as It looks,...

For legal implications, this occurred in Texas (Dallas to be specific). I know laws vary by location.About 4 months ago, we had a bad rainstorm and water seeped into the bathroom through foundation due to poor drainag...

Looking at a Triplex today, the listing agent said they don't typically give an estoppel statement, they just provide copies of the lease.I've never purchased an occupied property before, and everything on BiggerPocke...

Our tenants (who have rented from us for about 1 year and 5 months) are having to terminate the lease early due to job loss. The husband was the primary bread winner and lost his COO job. He says he found a new one ne...

I purchased a fixer upper through a wholesaler in March 2021. After more repairs and expenses than expected, i could not sell the house for a profit. The house would not appraise. So instead, I refinanced, pulled out ...

Hi all successful direct mailers,  I'm finally ready to go through with my first direct mail campaign, and I'm hoping for some second opinions from people who have the experience.  I have been going around and around ...

As we've all seen, the Colorado Springs RE market has gone crazy the last several years. With new business, tons of building and a highly rated quality of life, it is the place to be. I've even heard some people commu...

Good afternoon,

I recently purchased a fourplex fully occupied and all tenants are month-to-month paying under market rent. I want to increase their rent and I have a letter written explaining the increase, but I w...

I know people say not to accept tenants if they have no active income, but this is a medium-term tenant who would stay 3 months and they can pay the entire 3 months upfront. In this case, is it a risk to let them stay...