Minna Hu
Cancel rent offset for a tenant who cleaned building we bought
Hi We purchased a property last year, a tenant living in one of the apt was cleaning the building for the previous owner, and got $50 off her $650 monthly rent. After we purchased the building, she never cleaned the b...
Tony Marcelle
Which is better use with wholesale profit?
Is it use the money to pay off debt? OR is it use the money to buy income producing assets like rental properties to pay off debt?
Michael Chalke
Combo laundry repair/replacement. Suggestions
I have a section 8 tenant who is complaining their laundry machine is making a loud noise. My leases clearly state that the "Tenant shall maintain all appliances, equipment, furniture, furnishings and other personal p...
Jason S.
Short Sale With Leaseback & Option
I get this question, as do many of you I am certain, if I will complete the short sale and do a leaseback/option to the seller.
Of course, I always say, "that's not something we can do". But once again I am doubting...
Tauna Eranio
Tenant accused of manslaughter
We found out today that one of the tenants on a lease has been accused of manslaughter. His court date is in early Dec, but if he is found guilty, could that cause terms for an eviction?Upon move in, none of the tenan...
Jim Viens
Old house...big lot
Got another one for y'all. Negotiating with a seller (absentee owner) who has a 100-year-old 3-bed, 2-bath, 1600 sq ft, 2-story house on a half-acre. This is 2 to 3 times the size of other lots on the block. The other...
Seth Wilcock
Tenant Applicants & Compensating Factors
Hello, I recently received a call from a prospective tenant applicant that sounds like they are hitting all the criteria for my Tenant "wish list" with the exception that their job will be ending a couple months after...
Derek Rhodes
Brrr Seasoning Period
I have just purchased my first Brrr property and am wondering what strategies are out there to get around waiting six months to refinance and get my capital back out of the project. I talked to a lender that will fina...
Kevin Phu
Creating Personal Asset Statement
Hey all! Starting the process of getting a mortgage and I need an asset statement. Any advice or templates you could share with me? I've done personal budgets on Excel but not quite sure how to lay out or what all to ...
Lue C.
Warning - SPI Advisory!
Hi BP Community,I thought I'd share my experience with a syndication sponsor and hopefully it would help other accredited investors. I have partnered with 4 sponsors on 9 syndicated deals as an equity partner and alw...