Scott Sargent
Need help filling vacancies
I have a property in Texas with a on site manager that is...lets just say not very motivated. Im out of state and want this building filled...she states she is trying but watches Oprah all day. I am condiering a chang...
Ken Hipp
Land Contract coversion to our loan
'Hello BP, first time caller.. I have a Land Contract that is up in March. Looking to refi,Credit Union says I need a "Deed In Fullfillment Of Land Contract" is this something I can do, or do I have to get a lawyer in...
Nicholas Mahon
Recommended RE attorneys in N Jersey
Hi BP Carebears!Does anyone in N Jersey (jersey city, Hoboken) know of any good RE attorneys? I'm lining up my ducks to get into my first purchase and wanted advice on series LLC formation. Thanks!Nicholas
George Rodriguez
To flip or rent out and tax consequences
I bought a home in April 2015 and rehabbed it. I put it up on the market for sale and rent at the same time.
I have an interested couple in renting the townhome for a 6 month lease. So that would give the home back to...
Jerry Poon
Portfolio Loan vs. Mortgage on Investment Properties
I have the impression that portfolio lenders give loans based on the performance of the properties. While I was speaking with my personal bank, they said they could offer better rates in the form of a traditional mort...
Peter Kozlowski
One of these lenders just doesn't belong ...
So I've been shopping around for best rates with several lenders (Bank of America, JP Morgan Chase, and Citibank). I was talking to a loan officer at Bank of America, and he said he'd send me a fee sheet with his APR ...
Amanda Westland
Newbie question! Balancing Cash Flow vs. Loan Payoff
Hi all! I am new to this group, and have a loan refinancing question. When evaluating your loan vs. your rental income, is it better to get a longer-term loan (i.e. 30 years) and have higher cash flow versus a shorter...
Kim Le
Vacated tenants that owe two months rent
Location: New Orleans, La... I have tenants that have not paid rent for two months. They decided not to continue their lease and that they have vacated the property. I emailed her for the keys to the property. I did n...
James Syed
Fannie Mae Owned Property Termite Inspection Report
Hi BP,I got my termite inspection report today. It shows evidence of past termite damage with no professional treatment. I'd like the seller to pay for this treamtement ( $700 ). It's a Fannie Mae owned property. I ju...
Clayton P.
Preforeclosures - Best Yellow Letter message
Any ideas?
I'm sending this batch to preforeclosure properties with auctions in the next 30-60 days, both high equity and low.
I'd like to keep the message a little different from my basic, no frills "I...