Karen Devlin
Analyze My Deal - First Time Commercial Investment
I've been renting SFRs for about 15 years now and I'd like to step up to a larger commercial investment. I'm working with a local broker and he's presented me with this deal: Self-storage facility located in Oregon. P...
Rick Camacho
Problem Tenant
BP community! I am negotiating a property which has a tenant that has failed to fail a single dime of rent for eight months to it's current owner and am working on how to get him out. (NOTE: tenant has expressed int...
Dan Perrott
Court ordered Eviction - what do I do if they will not vacate?
I went to court earlier this week and the judgment was made against my tenant for non-payment of rent. I have a court order in hand that the tenant must vacate by 4pm tomorrow. The tenant has been served the same p...
S. Perry
Handling late fee notifications
Rent is due on the 1st. I offer a grace period of sorts through the 5th with no late fee. Once the 6th comes there is a $50 late fee and then $10 each additional day.I have had to collect this once ($60.00). Tenant ne...
Gina McKee
Prospective tenant with collections & judgments on credit report
Hi all,I am conducting my first tenant screening process and would like some advice. I have received an application from a prospective tenant who has several collections (from 2009-2012) and judgments on their credit ...
Miguel Torres
Who is responsible me or previous landlord?
purchased a tenant occupied home, the tenant was moved in by previous landlord during the buying process which I was ok with. Long story short, the lease signed between the former landlord and tenant states that there...
Adam Johnson
Mobile home park turnaround - I'm stumped
Experienced investor here. Bought a park 6 years ago, distressed property, about 2 hours from my office. High vacancy, poor condition, poor management. I started off great the first couple of years. Was staying ne...
Bryan Hancock
ROE - Return On Equity Vs. Return On Effort
How much of an average flipper's or developer's ROE is really return on EFFORT for the E component? I consistently see returns cited for ROE, cash on cash, ROI, etc. and it is seldom true that anyone calculates their...
Sheri Fierro
lot in LA that I need to sell fast
After going through litigation against our sister, with regards to our family estate, my brother and I are property rich and cash poor (our sister embezzled almost a million from the estate). We have fairly large vaca...
Brad E
100% commercial financing?
I am hearing that others are getting 100% financing on new purchases, sometimes based on appraisal, not purchase price. Locally, I've called every bank in a 50 mile radius, and everyone has the same answer... 60-80% ...