Steven Mitchell
What exactly IS earnest money ?
So we recently tried selling a house. The day before closing, the buyers backed out. No reason was stated.We only got a quarter of their earnest money.I was under the impression the earnest money exists to protect t...
Nic Werner
Breaking lease BUT owner wants to sell - whats a win/win there?
We're 7 months into a 12 month lease, and are closing on a home. We notified our landlords early (45+ days notice) and they've decided to sell. Washington State.
I'm trying to find out our obligations on this lease c...
Wilma E.
Rental Lease not returned - options
Thanks in advance for your input. Have a renter in FL who for the first year of her lease always paid on time. Communication started out well initially but then regressed over the course of a year with said renter not...
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
Furniture for Sale From Luxury LLC Corp. $1.
Sorry to tell all the cottage industry attorneys and gurus on BP that owning or vesting in a LLC no longer keeps your identity secret. It really never did. If you appl...
Tyler Bond
First Appointment! Advice please?
Hey guys,
Man this investing is intense! Emotionally. So this morning I set out 25 bandit signs in my small town. I got a call this afternoon. I called the guy back and got some information.
Here's how it went,
He...
Kevin Means
How to tell if tenants are paying rent to a selling landlord
Looking into buying my second rental property and have found a duplex that has two current “happy and long term tenants”. Is there something I can ask of the current owner that’ll prove that they have been paying? If...
Thomas Fawcett
Seller Disclosure of Current Tenants Rents
Hey guys, This is my first post! I love BiggerPockets and thank you all for this great community!! My wife and I are looking at a FSBO triplex. The numbers look good but I will be inheriting 3 tenants. The rents lo...
Mike Sullivan
Multiple ESA vs. condo limit of 1
What would you do in this ESA situation:
Background:Melbourne, Florida tenant in a 1Br Condo. Condo rules have a 1 dog under 15lb limit. I have a no pet policy.
Tenant there 2 years - renewed 12/1 - always paid on...
Maryellen Hwang
Questions on Pre-approval for loan
Hi all,I have a newbie question for you all and hoping you can help. Currently looking to invest out of state and in process of determining the right market. I also understand that I should get pre-approved prior to...
Eric Lewis
Getting an FHA loan on an additional property
I'm hoping I can run this scenario and get some guidance. I currently have two open conventional mortgages of which one is my primary residence, the other is a rental property that was formally my first home. My job...