Mike Hoherchak
How to buy residential MF as an owner-occupied property?
Hi all!So I'm looking to purchase a 3 or 4 plex as a house hack. Unless I can get the sellers to take back financing my plan is to use my VA loan to purchase. I've heard from many people to never let the tenants know ...
Terry Royce
Tax Payment w/ Tax Extension
Hi, all.We are in between accountants, and working on getting someone new in the mix, otherwise I would touch base with them and get this issue clarified.My question is, if we file a tax extension, and don't pay all o...
Jennie Carolan
[Calc Review] Help me analyze this deal in Tampa!
View report*This link comes directly from our calculators, based on information input by the member who posted.
Vishesh Shah
Help! Need Advice Whether to Close or Back Out of a Solid Deal!
Hello fellow BP'ers, I have a slight issue at hand right now. A few months ago, I acquired a solid deal - 2 two-families that are adjacent to each other in Paterson, NJ for $125,000 each. They were off-market and I kn...
Sameerah Baker
Tenant added own washer and dryer...
Hello fellow Landlords and Property Managers...I have a SFR w/a Section 8 tenant. She's been in the house since Sept. I went to the property the other day to collect her portion of the rent and change out the furnace ...
Stephen Homes
Tenant candidate with eviction record wants to pay 1 year rent
I have a tenant candidate who has evictionS on his record. Currently he doesn't work and gets unemployment, is a student and his fiance who is the only one working. Two kids. He showed proof that he can pay 1 year.Wha...
Shiv B.
Tenant Screening and Approval Questions
Hello all, just looking for input on how to address the following situations with a rental application:a. Applicant has indicated previously owned a home with spouse but is currently going through divorce and living w...
Brian Knox
Is there an upside to this situation?
Can't sell our residence in MN and are forced to rent it. Cash flow is break-even or slightly negative if I rent it out. Can you help me understand the tax benefits?
Monthly outgo: $840 PITI + $110 Property Managemen...
Jason Michel
Landlord/Tenant in ohio
I moved from ohio to FL about 5 years ago and rented my old house out in ohio. First tenants were good no issues, second ones are a nightmare. I have a strict no pets policy, I know they have atleast 2, also have one ...
Jordan S.
Bought 4-plex. What is the best way to transfer leases and deposits
I am about to close on a 4plex in Washington state. I am looking for advice as it relates to the tenant leases and security deposits. I understand the prorated rents go on the HUD and are settled at closing. I...