Sarah Nguyen
When do I require a co-signer on rental application?
Hello BP family,I am new and still learning about the rental business. Can you please let me know in what situations I will need to require a co-signer on the lease?My property is in a college town so the chance of r...
Account Closed
Trying to startout in Real Estate. CO-OP buyers perspective needed.
Hello All,I am looking to buy an apartment in New York preferably Queens borough. I got pre-approved as well. My budget doesn't allow me to buy a house or a condominium so I might have to go with co-op. I wanted to kn...
Mary Jay
Deductions that are too late to deduct during an audit
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Dean Ho
Questions about a first possible rental
Hello Everyone,I am completely new to RE investing, but I have been thinking a while about a possible way to get my feet wet into rental properties, but I'm not sure how exactly it can be done. Back in 2014 my mom bou...
Ryan Judah
Potential tenant meets all minimum requirements but has a felony
Hey BP members!We are turning over our first unit and just listed it a week ago. Within two days we had an eager potential tenant that is currently living w/parents while looking to lease ASAP. They've been in the liv...
Kay M.
Need help ranking this tenant
Hello, I've just ran my first couple of credit reports in trying to find a tenant. I'm starting to realize how hard it is to find an ideal tenant on paper. Most people have had recent bankrupcies or delinquent accou...
Jennifer Lee
house with great comps but POOR condition
Hi BP
I have found some homes that have everything going for them but their condition is rough.
Hypothetical scenario:
ex. in an area that 4 bed room are RARE.
a home pops up at right price if GOOD condition ( 2...
Jocilyn Oler
Seller won't allow a pre-contract appraisal
I am looking at a property to move my family into for many years (if not permanently) because of the prized location and the desire to live in this area (the exact location actually). It is a 1993 4,100 sq ft home, 3...
Dawn Vought
Need Advice - Bank Approved Short Sale But Wants Promissory Note
I am hoping for some viable suggestions on this. Here are the facts (with numbers rounded):
-I own in my personal name an investment SFR in Birmingham, AL.
-Remaining mortgage (principal) on house is $...
Jason V.
Section 8 Voucher Question
So I’ve heard all about the issues that can come from accepting a section 8 voucher that only partially covers rent – the tenant is only responsible for $50/month, but still won’t/can’t pay it, and you wind up either ...