Frank Jiang
Just closed my first SFR Rental deal! Looking for accounting software.
Hello BP,I have been a reader of the site for quite some time but I have not yet posted. This week, my wife and I closed on our first deal: SFR in Memphis, TN with a 2-year lease tenant already in place.In my day job...
Sean Gallagher
Closing cost
I have a contract right now used to wholesale and its puts all closing cost on the seller.. Is this fair? Usually most serious investors are dealing with cash so there isn't as many closing fees compared to a lending...
Meti Kay
Closing costs seem a bit high considering the purchase price?
I have a deal for a good 2 bedroom condo in the works..
Purchase price is 232 with 20% down (46k) it's a short sale so I don't have much wiggle room.. upon my mortgage application I was quoted $11,100 for total clos...
Bhushan Walde
Beat way to solve this issue with six month lease
I made a mistake of signing 6 month lease, tenant paid 6 month rent in advance. But just after 3 month want to vacate the house, as he bought the house. As per lease agreement, I can only charge $100 for lease breakin...
Ben Jamin
Seller Wants Future Rental Profits
Hi All,I recently went under contact on my first STR, Yay!The property is already an STR and the current owners have bookings confirmed into July.The closing date is set for March 30th (meaning, I will then take over ...
Keaton Labby
Renter "between jobs" offers to pay entire year rent up front
Hi Everyone, I have a few tenant applications and one of them is offering to pay the full 12-month lease's rent up front with the security deposit. After the screening process the background check, eviction report, an...
Kevin Dreher
New construction!! Quick question
Is it go to have your buyer go with a builders preferred lender? What are some questions I should ask to protect my buyer?
Ben Smith
Potential Tenant with Commission based job
I have recently purchased a 3 bedroom townhouse in the state of Nevada. I am now looking for tenants. There is one person that lives in a smaller unit across from the one I'm renting that is interested in upgrading. T...
Ryan Keenan
Refinance
anyone think it's possible to get a cheaper rate on a rental property refinance going from VA to conventional that will be lower then 4.25? 80% LTV. Appreciate any feedback.Thanks
Akshay Wattal
What happens to the rents paid by the tenant when PM company goes out of business?
Hi all,The owner of the property management company managing by rental unfortunately passed away a month back. Their attorney had reached out and mentioned that the company was out of business. The tenant had prepaid ...