Jake Ferris
Tenant lease ends day of closing, I want him out
I close on a property this Friday, the old owner's lease with a tenant ends this Friday. The tenants has no intention on leaving however he knows I plan on renovating and increasing the rent. Do I have to go through e...
Jim P.
eviction questions
I have a tenant who is almost 1 month late on rent payment. Got a call from her saying she can no longer afford and will be moving out in a couple weeks. She is seven months into a 1 yr lease. How should I handle this...
Derick Hanna
Ready to close on 4plex, tenant wont leave.
Me and my wife are a week out from closing on our first 4 plex. We are going to be living in one of the units and renting out the other 3. However, the tenants in the unit we are supposed to move into have not left ...
Robert Shelton
SDIRA ministerial services question
Hello all,
We have just funded my wife’s SDIRA and have been reading everything we can get our hands on. Just finished “Leverage your IRA” by Matthew Allen amongst others. Still not completely clear on UBIT and UDF...
Kristopher Toribio
Seeking advice on planning rehab with long-term tenants
Hi everyone,I’m closing on a duplex in Irving Park this week and it is currently occupied by long-term month-to-month tenants with rents way below market. Plan is to force appreciation through renovation, raise rents ...
Janelle Carlson
LA Duplex Month to Month Tenant Removal House Hack
Hi BP! My husband and I have been considering moving from the suburbs into an LA Duplex 2+1 and a 1+1 for house hacking. There is a Section 8 Tenant in place in the one bedroom with under-market rents. We would like t...
Andrew Valeri
Inherited Tenant Massachusetts
I closed on a 3 family March 1, 2021. In purchase and sale 1st floor tenant was to be given written notice of rent increase. 2nd floor to be given written notice to quit. Seller instead just gave verbal notice. (3rd f...
Chris Collins
Los Angeles Rent Control
I’m about to go under contract on a deal in the city of LA. It’s a 4-plex with month-to-moth leases in place with well below market rents. The seller insured me that he can deliver the building vacant at COE, which wo...
James McGovern
Can you make more pretending to be a guru than doing actual real estate investments?
How much money can I make pretending to be a real estate guru. Sure, I have success under my belt and have considered whether doing real estate training where I don't deliver real value to offer much more profit. Sho...
Justus Angan
Creative ways to raise $40k?
Tapped into my primary home equity and have a $100k HELOC. Want to secure another $40k for DP without using my reserves. Single family property with ADU. Main house and ADU has long term renters wanting to stay. $700k...