Ashley Davis
Closing today / Tenant occupied foreclosure.. what would you do?
Hi there. Closing today on my first investment property. Bought it sight-unseen from the bank. Curious on how you would approach this situation? I will be able to knock on the door for the first time, later today!!
Nate Wong
Having problem with contractor again. please comment
I hired a general contractor for replacing roof, remodel kitchen and bathroom along with painting and some other work. the whole project is about $ 65k which include materials and labor with a payment schedule . he's ...
Russell Ponce
Can Wholesaling be Illegal?
I just got a pretty severe lecture from a house buyer. Trying to figure out this game and making your way as a wholesaler title companies etc are going to look at you like you've got two heads from time to time. "Peop...
Chris LeMay
Tenant Backed out 2 hours before handing them the keys?
Need some guidance on this one as this is a first for me. Here is the situation....We purchased a condo on Jan 16th. We found tenants and they have signed a 12 month lease. They were scheduled to move in yesterday ...
Darsh Patel
Should I create an LLC for my properties?
Hi everyone, I own a few small multi-family properties (8 units total) and I have heard that it is good to transfer rental properties over to an LLC ownership. I wanted to ask what would be the benefit of doing this?...
James Kirby
What to do emotional support animal
Hello all,
i have a tenant that has a dog that was on a Pet Addendum. However, after a few issues with not having the dog on a leash, dog waste not being cleaned up, and the tenant against my permission putting up a...
Ravi Chhabra
Is it time to jump ship?
Hi BP Community - I purchased my first rental property in Frankford Philadelphia back in March 2021. I was hoping for it to be the first of many in the Philadelphia area. I wanted to use this property as a way to lear...
Grant Bublitz
First Duplex Should I LLC?
I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Sunny Burns
I rejected applicant, he said he would pay $150 extra/month
First time landlord here. We just started advertising our rental 3 weeks ago. $1675/month for a 3 bedroom in Garfield NJ. We've gotten a lot of interest, 30 different groups of visitors, of those 8 applicants...We wan...