Chad U.
Max Purchase Percentage of UPB
I'm looking at picking up an NPN for $153K, and I just discovered the UPB is $144K but the Payoff is $176K ish. The seller's BPO came in at $215K and a local realtor has given a CMA of $277K, but conservatively is wo...
Michael Meade
Lease Cancellation because of Bankruptcy
So I have a unique situation. I own a rental in Nashville, Tennessee. An individual from Texas who is moving here has applied, and I approved them. They had a lower credit score. So I've obtained July and August r...
Marco Y.
Is New Jersey becoming a "professional tenant" haven?
Hello everyone,My story comes out of North Jersey where it seems that being a landlord is becoming more and more of a nerve-racking stroke-causing endeavor. My parents have owned and operated a 3 family house out of P...
Allyson Talbot
Laid off and in a bankruptcy
My husband and I are currently in a chapter 13 bankruptcy. I was laid off in April and have been able to make mortgage payments up until September. We are going on two months of missed payments. I've contacted agencie...
Robert Johnson
CDC Moratorium Extended
The CDC extended the eviction moratorium through June. That's incredibly horrible policy and the after effects will impact tenants who refuse to pay their rent. It's the greatest property grab and asset seizure in h...
Rich Hupper
Applying for loans having no luck
I have been an independent contractor for 7 years. each year i write of most of my income. i never realized until recently this severly limits what a lender can give you. should create an llc or some other identity an...
Jason Bright
Analyzing many properties
I'm a newbie here getting ready to pull the trigger on my first deals but struggling a bit with analysis. I've got a hot market in Atlanta and there are a lot of distressed properties and lots of opportunities to eval...
Marcin G.
asset protection strategy
I live in IL, am single, have several rental properties, have landlord insurance and umbrella policy. I do all the work myself (repairs, upkeep, accounting, screening, approving of tenants etc). The following idea I ...
Mike H.
I'm a dummy and need to know what I can do to fix it!
Ok. Here we go. I win the dummy award of the year but I need some help to see how I can mitigate my damage now that I'm in the bind I'm in.1) Bought a townhome, fixed it up and put a renter in it. Small town. Small ho...
Phillip Hunt
tenants
I have my first problem with a tenant. My tenants lease ends on February 1st, however he has not paid January's rent. Most of his possessions are gone and he rekeyed the locks. He told me he would be back on the 12...