Ok. Here we go. I win the dummy award of the year but I need some help to see how I can mitigate my damage now that I'm in the bind I'm in.1) Bought a townhome, fixed it up and put a renter in it. Small town. Small ho...
Failed to collect Property Insurance and Property Tax on my promissory Note now buyer refusing to pay $15,000 delinquency on mortgage that is $709 per month @ 4% with $93,000 balance now pending foreclosure. Any sugg...
I have a tenant who has been late with rent payments since August. He's currently paid through Sept, but hasn't paid Oct. He has racked up $360 in late fees. He said Oct rent is 'in the mail' and that he can't pay the...
So a contact (birddog for all intense purposes) calls me with a deal. Owner with a rundown inherited house, was going to fix and sell, and now fell ill, needs out. I put the ARV at 210. Needs some work but I dont see ...
How do you guys respond when a tenant tells you they can't pay until the 15th or 20th? Or they want to change the payment date to the 5th or 10th? What are your exact words and responses to these situations?
My husband and I have excellent credit, own 2 homes/mortgages (1 is a rental property), and due to a job loss and other issues, our income has been cut by half. We have tried to wait out the recession, but have given...
This week will mark the 3-year anniversary since I purchased my first property, a turnkey single-family home, in Kansas City, Missouri. After receiving a lot of questions from prospective investors on my purchase...
Okay, what am I doing wrong here?
I admit, I am fairly new to the Real Estate field, I began maybe 6 months ago with wholesaling, which is pretty straight forward. I found that it lacked a large enough custom...
Calling all Ohio landlords @ben, or someone that read legal jargon better!I have a tenant that's claiming the we owe interest on the security deposit. It's referenced in the Ohio code.5321.16 Procedures for security d...
Hi there-I am in debt to credit cards. I have a low-paying job and at this point, no retirement. I am in my mid-50's, so I am a late bloomer to investing. I thought that claiming Chapter 7 would be a good idea, in ord...