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5 Things That Get Landlords in Trouble in Michigan
5 Things That Get Landlords in Trouble in MichiganBuying a house and renting it out sounds simple. Really--it is—but the government, as usual, steps in and mucks things up. The following are five things that the RPO...
Carlos Carrion
Seller signing multiple contracts
I have a property under contract with a memorandum filed on the clerk of courts. It is tenant-occupied and proper notices were delivered for the tenant to vacate. The seller informed me that she had received multiple ...
Chris Momongan
Need entity for our fix and flip loan
I am about to apply for a fix and flip loan for my next project. Most hard money lenders will only lend to entity. Is it as easy as going online and paying $100 for LLC? What are other things I should be considerin...
Yuuj V.
IL SFH: Has this happened to you?
Hello BP!I have a rental in the Illinois area, and currently it's been on the market for about 90+ days. Cost: $100,500Down Payment: $25,000Rehab: $~6000Vacancy: $~2600Rent: $1650CF: $370 (When rented)So, my question ...
Wesley L.
How to help out a friend
One of my buddiest is going through a rough time and trying to keep afloat on his mortgage payments. He's got little to no cash, mostly maxed his CCs, and is thinking about just letting his property go into foreclosur...
Patrick M.
Great Deal with Tenant With No Lease
Greetings all- I've just found a really good deal on a duplex that has two tenants in place. One is on a month-to-month lease, the other has no lease whatsoever, and has lived there for 25 years.
Realtor says that bo...
Darren Berg
Estoppel Agreement - Need some ADVICE!
I am buying a duplex that is 1/2 rented. For the unit that is rented I am giving them an estoppel agreement. My question: In the original lease it states to make payments via check or money order to the Property manag...
Tinah Canda
Purchasing property with uncertain lead status
Hi BP community, my name is Tinah - a brand new real estate investor and I am in a bit of pickle - need guidance.I signed a P&S agreement on a property and later realized that by law the lead disclosure on lease d...
Denise Evans
Alabama Tax Lien Sale Auction Season
Shelby County, Alabama kicked off the spring tax lien investing season with a bang on March 27, 2017. The big investors bid down redemption income to an average of 6% but that's still a respectable return in today's ...
Jessica Eden
Discouraged, intending to become first time house hacking
Hey everyone!I'm looking for a little encouragement/advice on my situation.My goal is to house hack my first home purchase (because I simply don't see any other way to get into investing with my income). My issue is I...