Robert Kriedermann
Seller wants to back out. We have a contract. What should I do?
I'm dealing with a seller that is driving me up the wall. She contacted me to buy her house, I made an offer and after some negotiating, we had a verbal deal. She changed her mind several times and even got cold feet ...
Jeff Lappe
What happens to deposits when I buy a property with tenants in it
I am a new pro on BP and new to REI. I am looking at my first deal on a multi-family that has existing tenants. What is done with the deposits that the current owner has collected, so that if I buy the deposit refund...
Victor Leon
tenant
tenant is making false claima of rodents, in an,attempt to lay the groundwork for withholding rent or to prolong the eviction process. what can i do to prevent this plan. the repairman says nothing is wrong
Theo Hicks
Hypothetical Direct Mailing Situation
We have recently compiled a list of 650+ direct mailing candidates for 2 or more unit properties in our target area. We are in the process of dropping off letters to the owner occupied properties and writing up the le...
Rob Saunders
Combining 2 sales into a single escrow?
So the buyer of my 2 duplexes (side by side properties) has asked for a single escrow to save a few bucks. I am looking to do a partial 1031 exchange; around 50% of the total proceeds but not clear as to whether the s...
Minna Reid
Deficiency Judgements
Has anyone actually seen a lender pursue a deficiency after a short sale? Please share the details.
Brian Kraby
Details of my first short sale...Ideas or critiques
Ok,
I have a seller of a duplex that wants out. Owner is in default and is behind about 20k. Sheriff's sale is end of October. Technically, the owner gets postive cashflow but has other properties that don't and jus...
Dominick Dahmen
Infill of Mobile Homes to an MHP
Hey all,So in running the numbers on MHPs online, I see plenty that have like 94 or 95% occupancy. But they still say there is "value add" by i filling say 7 homes or lots. If it's that simple, and the market is good,...
Jayson Wolfe
Partial seller financing - who gets first lien?
Greetings you fantastic BP people!Quick question about partial seller financing... if you get a seller to do seller financing for ~20% of the purchase price, who gets first lien? The bank or the seller doing ~20% 'sel...
Joe T.
Neighbors won't cut trees and its extending over my yard
I recently acquired a duplex in a neighborhood that is almost all rentals. The owners of the property behind my duplex live in New Jersey (I found this out by researching tax records) and the property is being rented ...