Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
My tenants haven't paid their rent since July. I know, I'm too soft-hearted for this business, but I'm becoming less so, trust me. After they broke their 5th (6th?) promise on Friday, I served them with a 3 day noti...
ContextFirst time investing with a PDX flipper (great at what he does) and happens to be a good friend. He is raising private capital and the deal seems bulletproof, but would love feedback to better understand if I'm...
Hey BP,I will be a new landlord in Milwaukee, Wisconsin soon and I am wondering if there are any specific readings for the state I should look into. I have already looked into "The Wisconsin Way" and Wisconsin statute...
Can you put a mortgaged property in an LLC? A single family or 1-4 unit. I was told that you cannot do so unless the property is paid off. True or not true?
Hi All: I am a new landlord in Alameda, CA. One of my units in a duplex, we had a couple come in, and tell us: "we know your ad said one small pet is negotiable, but we have one dog that is 50-65 lbs. Would you still ...
Good Morning Bigger Pockets Community,I am considering going into Wholesaling as a starting ground for real-estate investing and I want to make sure that I do everything properly. However, I am unsure of how to put to...
Hello BiggerPocket Community - I am a complete newbie in real estate investing, so I am ready to soak up the knowledge. How valuable do you guys think getting a real estate license is for the ultimate goal of real est...
I have a tenant in an SFR with 6 months remaining on their lease. I lived in the home for 5 years before renting it out without major problems. Just a few days ago I received a call from the local utility company rega...
Hello my fellow landlords,
I have a dilemma, I am a District of Columbia landlord who recently secured a new tenant (June 2021), who wants to terminate her lease because she believes the unit has a few issues. Initi...