Sara Walters
First deal stuck in probate…
Hi all - I’m in the midst of my first deal and have hit a snag. I have an accepted offer on a distressed single family home in East Texas. My realtor had learned from the listing agent that the owner of the home had p...
Jarrett Harris
Start Eviction Process or take Tenant's word
So I'll try to make a long story short. I have a tenant that I inherited when I bought the property back in October. They have never paid in full or on time. Their lease runs out the end of this month and I told t...
Mark Sacandy
Paying Off a Mortgage With An Inheritance
At great personal cost, it appears that my wife and I will be receiving an inheritance sufficient to pay off our house and possibly allow me to retire very soon. What are the tax implication of such a transaction? W...
Michael Nahm
Potential tenant is a smoker
Once more, seeking wisdom on BP.I have a potential tenant who has great credit and all looks well, however, he is a smoker.I realize that I can’t control everything, and to each his own, and he didn’t have to be hones...
Rick Fonseca
Partner has past due child support
Advice me on how to handle this issue please.My partner and I have under contract a residential property for a fix and flip. The issue that has come up is that we submitted everything under his name only and now he te...
David C.
Mostly Month to Month tenants in a Multifamily - Big red flag ?
(Sorry for all the M's in the title)
Fellow BP-ers,
An OM crossed my desk which seemed promising, a 9 unit multifamily which had decent cashflow and the numbers would work at a slightly lower offering price. Howeve...
Bill F.
Why is the mortgage still due during COVID-19?
The mortgage is still due. Why?
1 - Investors should have saved 'reserves' in place - so if they are already worried about rent payments coming in April, just a few weeks into this, they have decided not run their v...
Drew Slew
Student loan payouff with Home Equity Loan etc.
There has been a few threads on this topics, just wanted to gauge anyone's suggestions who had similar situation, or is an investor understanding HELOC/home equity. - i have a 30k student loan at 6.25% interest, month...
Derek Luttrell
Tenant vs. Owner-Paid Utilities
Hey Everyone, I have pre-approval letters on a duplex and a triplex, and on the triplex, the owner pays all the utilities. The triplex is listed for $95,000 and brings in $2500/,month in rent, while the duplex is list...
Talmadge Billingslea
Wholesaler wants $10k to remove a Memorandum of Contract!
I have been working in the real estate industry since 2003, and I must say that I have never encountered the issues with wholesalers that I am currently facing. In March 2022, we entered into a contract to sell one of...