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Results (183)
Bret M Rankin House under contract with renter but only verbal lease in place.
23 April 2018 | 8 replies

Hi all,I would appreciate some advice.  Recently got a home under contract with the plan to BRRRR, home has a renter but only a verbal agreement with the current owner.  I was wondering how you seasoned investors woul...

Stephanie M. Need advice-closing on new duplex with tenant w/verbal lease!?
31 May 2020 | 2 replies

Hi All, I am in need of some guidance. I will be closing on a new duplex on July 13 ( contingent on inspection ). There is one current tenant, who the listing agent said his lease is up in July. Listing agent just inf...

Tara Elizabeth Took over a Month2Month tenant w/ verbal contract who hasn’t paid
11 July 2021 | 1 reply

Good morning! We are new landlords in Illinois ( Dupage county) and took over a building with existing varying contracts. One of our existing tenants is a month to month renter with a verbal contract who hasn’t paid f...

Jeffrey Veiga Verbal Offer Accepted on an Off-the-Market home, what next?
12 March 2016 | 4 replies

Hello Everyone,So I just got a verbal offer to purchase accepted by the owner, what should I do next, and what should I have done differently up to this point. (I will describe the details below)I have a long time nei...

Chris Kern Deed SFH (w/ mortgage) to LLC, OK by lender via verbal agreement
21 September 2019 | 2 replies

Hello BiggerPockets,
I'm new to real estate investing.  I'm having trouble finding a traditional lender (bank or mortgage broker) who will lend to a newly formed LLC for purposes of buying buy-and-hold rentals.  I in...

Charlene Caceres Do you send a offer letter or verbally make an offer to seller?
4 March 2019 | 6 replies

Calling all wholesale investors... Do I send an offer letter or verbally make an offer to the seller? 

Matt Bowers What should I do with inherited tenants that had verbal leases with prior owner?
5 August 2014 | 14 replies

(We're in Seattle.)This is my first post on BP!I'm closing on a triplex on July 31st that currently has tenants. The tenants are all month-to-month but two units only have verbal leases. Repeat: NO written lease. We w...

Carly Peterman Verbal Threats From One Tenant to Another - 5 Day Notice to Quit Illegal Activity
3 September 2023 | 3 replies

I own a fourplex building. The tenant in the basement moved in two months ago and has been pretty problematic, including two prior noise complaints from the unit above him for blasting music until 1 am within the last...

Daniel Vroman Rusteen Verbal offer lower than other rejected offer but agent asked for a formal offer anywa
30 August 2024 | 6 replies

Price: $1.2M
Offer: $900k
I had my agent call to see if the seller would accept this price because it's been on the market for a year.
The seller's agent said the owner had rejected a $1M offer in the past, but it'...