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So I understand that a tenant has the right to break a lease with military orders, but our rental agreements are M2M with this move-in fee caveat.For example: Rent $1650. Refundable deposit $825. Non Refundable Move I...
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After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...
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Hi,
I have been thinking about different ways to get some rental properties for a few months. I was thinking a good way, before the market really rises, is get some Subject To or under a lease option, with the optio...
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Hi BP community,I have a rental in Los Angeles, CA near USC. The renters, all young college students, rented a 5 bedroom back house. 2 short weeks into a 12 month agreement, they decide to move out. The previous rente...
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Hi All,My partner and I met with our first private lender yesterday, he was very knowledgeable, successful and in general a good guy. We were throwing out questions about REI and came across wholesaling and he said t...
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Sherman Bridge Lending-User BewareFalse promises, bait and switch hidden fees and spiked interest rates.Name of their game-- keep you locked in the hard money as long as possible.I've been using Sherman Bridge for the...
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So yesterday day I took over my house that my tenants have literally destroyed. At least in my opinion. I was not making money on this property, literally, I tried renting because my house flipflopped in mortgage and ...
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How do you guys respond when a tenant tells you they can't pay until the 15th or 20th? Or they want to change the payment date to the 5th or 10th? What are your exact words and responses to these situations?
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One of our tenants wants out of their lease in a couple months and they've stated their buying a new home. Crazy because they just signed a year lease the start of July. We're not totally opposed to letting them out a...
I have used my ROTH, housed at Equity Trust, to invest in properties. These properties require extensive renovations. Getting to the funds and paying contractors timely is an issue with ET and assume this is an ...