I have a property that i want to only Rent or sell with owner financing. There is one issue. Because the price of the property has gone down, if i do owner financing it, it creates a Negative amortization.
The prope...
I'm hoping someone can give me advice on whether or not purchasing a 3rd home to do a guest suite rental would be a good idea, given our current situation.My husband and I own two houses: One in Vancouver WA and one i...
I was reading Blake Morris' post in this thread here:
https://www.biggerpockets.com/forums/52-rental-property-questions-landlording-issues/topics/106490-tenant-gives-deposit-to-hold-and-pay-first-months-re...
Hi All,Thanks again to all the great contributors here on BP. I am still sucking in info but really need to jump in with action. To that end I am looking at a potential duplex purchase using private money to fund th...
Hi,My question is for those who do mid and short term rentals. One regarding payment and the other regarding blocking off dates.My property is generally rented out on a short term basis through Air BNB. I have a reque...
I have an inherited tenant who would like to make bi-weekly payments. It would be something I am interested in doing namely because after a year, she will have paid an additional month's rent (26 payments/2 = 13).Howe...
My wife and I received a pre foreclosure letter but were able to pay our past due balance. Does this mean we are not in pre foreclosure any more? I was out of work for a few months and we are trying to catch up but th...
I have a prospective buyer interested in a Lease-Option on my property but we're having a hard time coming to terms due to differing goals. He wants to keep payments down and have a long purchase period. I of course w...
I sold a house with owner financing. Buyer put a down payment.I am carrying a note for the balance which buyer is making monthly payments. How would you record the journal entries for this type of transaction in cas...