Allan Smith
2nd Lien Line of Credit on a Rental - Acceptable amount of fees?
I'm renewing my LOC on one of my rentals with a local community bank through their commercial banking dept. They want 1% origination points plus a bunch of other usual fees like title work. They already did the title ...
Mark Akins
Accepting a partial rent payment and giving a 5 day pay or quit
I live in Arizona and have accepted a partial payment from my tenant. I accepted the partial payment on the 8th of April (which was already late)and he agreed to pay the rest on the 17th of April. I agreed to this. It...
Brad Pierce
I just had my 1st offer accepted. What should be my next steps?
Good morning!I am buying a duplex, I negotiated the price of a new roof in my deal. Also, both A/C units are new & were replaced in 2017. 1 unit is occupied & under lease contract through the end of 2017, the ...
Jake Recz
REO. Offer accepted. Selling agent keeps giving us the run around with paperwork?
Hello I just have a quick question for you guys. So the bank accepted our offer on a REO. All paperwork is complete, almost. Whenever my agent sends anything to the listing agent, the listing agent seems to always nee...
Fili Aguirre
Do you accept the first tenant or the one with the best credit ?
Do you run multiple people's credit checks at the same time and then choose the one with the best credit score? Or do it per person? What if a person got a decent credit applied first and another did it later BUT got...
Ken Cunningham
FHA Loan - Accepted New Job Out of State Prior to 1 Year OO
Hi BP,
I bought a duplex outside of Cleveland about 6 months ago using an FHA loan. It is currently just me in the place as the renters in the other unit that came with the mortgage were loud and obnoxious and I ha...
Mary Joe
am I allowed to accept a tenant who PREPAY several months in advance?
Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month in advance for a 1 year lease. So she will put down 1st 3 mo...
Jeremy Hale
What's the lowest you've ever offered, and had accepted, from a listed price?
I'm merely curious how far below asking price people have managed to snag properties for? I often see properties that I think have great potential and could stand to take an offer significantly below what they're aski...
Alec McGinn
What if my offer is accepted and I do not have financing secured?
I was listening to bigger pockets podcast the other week and I can’t remember which episode it was, but the guest talked about how when he got started, he just started submitting offers on everything on the market. My...
Luke Moses
Realtors - Seller wants to back out of a contract after accepting a offer?
I'm a new agent and I agreed to help a couple sell their home. They came to me because I purchased the house next door - my rental - and had been doing some repairs myself. To make a long story short they were very ...