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Hello, I am not in Oregon but I have had a motivated seller contact me about selling their house in Klamath Falls. Before I even pursue this, since I live in Northern Nevada, is it possible to do creative deals such a...
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Hi,
A few facts:
- Triplex under contract
- 100% occupancy
- FHA loan secured
- 100% tenants on month to month leases
- Due Diligence stage is almost complete.
The question...
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I have just posted my first rental "for rent" on the market. First question. I am looking for a solid game plan to collect rent that allows my tenant a couple of options to pay. I DO NOT want to door knock monthly to ...
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Hi,
I was just hoping some experienced lenders could shed some light on their experiences of having to take back a property due to their borrower defaulting on a loan. I am curious of how often you have had t...
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Hey Everyone,About to originate a new loan for one of my borrowers. I've never used a deed-in-lieu of foreclosure before, but a few friends have told me to include it in my packet. Question: If I have the borrower's s...
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Hi Everyone!A bit about me - I recently purchased my first home in June, and am now currently house hacking that property. This, along with my sister's background in real estate with 9~ units, got me excited to start ...
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I went to my unit to work today while the tenant was at work. I noticed the smoke / Carbon monoxide detector had the batteries pulled. I texted him and he said it keeps going off when he cooks and even when he puts so...
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Hello BP,I'm new to this so my apologies if this is a dumb question. I'm looking to get involved in REI in the Seattle / Tacoma area. I've been researching house hacking and doing the 4 square analysis on a number of ...
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Good Morning BP Members,I am currently making my first lease for my rental property. I wanted to get some input on things to include in the lease and get everyone's thoughts on other things they might include as well....
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I browsed around a bit but didn't see anything exactly on point, so thoughts welcome.
I am working with a family member, with whom I own a separate property. We will have an LLC. I will be doing ALL of the wo...