John Warren
Practice Multi Family Analysis 1
Hi BP community!I am getting ready to, hopefully), buy my first commercial sized apartment building this year. In preparation, I will be practicing my underwriting skills on a closed multi deal in my target area every...
Corbin Jones
Landlord is trying to kick me out tomorrow
Hi all,I am an RE investor and have a rental property in Wisconsin, but I currently rent from a landlord in New Jersey and reside there. I do not have a written agreement. It is month-to-month and I haven’t paid a sec...
Zack Monroe
Break lease, abandon, unpaid rent & damages, security deposit
So, here is my situation, in Boston, Mass:1. Tenant has a lease though 05/31/21. On 10/30/20 they asked to break it early and leave. I started showing the unit which remains unrented for December.2. Late November, ten...
Mariah Jeffery
Question about Quit Claim Deed Date for Refi Purposes
I sent in a quit claim deed to the county to transfer two properties from my LLC to my personal name so that I can refinance with conventional financing. The county took a month to send it back because they didn't lik...
JaNarria Johnson
can you wholesale a short sale?
Hello BP, Please excuse my ignorance, but I have a potential deal. The homeowner has been not paid the mortgage in 2 years and the property is in great condition, it is in a prime location and would be a steal for som...
Tapiwa Wakatama
Tenant moved in so-called sister and left
While setting up a preventive maintenance appointment in early March, the tenant calls me and says 'my sister has been living there and paying rent. I moved out.' She asked if her so called sister can take over when t...
Dion DePaoli
Tenants Doing Capital Improvements
An interesting issue has come across my desk and I am curious if any other LL have bumped against a similar issue.
The general concept, tenants move in on a run of the mill standard annual rental contract. Tenants...
Joe Pitrolo
late fees
How do you enforce late fees? Just send bills in the mail?
I am having a tough time with a few renters who consistently pay late.
I have 12 units and I am thinking about paying a maintenance guy $300 per month to ...
Guillermo Perea
AB -1842 potential new rental property ?
Hey everyone, I decided to buy a 3 unit building in Los Angeles not currently on Rent Control (was built in the 80s) Will AB-1482 affect me ? The existing tenants are paying way below market rents.
Steve Bruza
Buying Retail
I live in Nashville, Tennessee and currently have seven rental properties including two duplexes. They provide a nice monthly rental income, but I have never purchased using the 70% rule. My approach has been to foc...