John Barnes
Taking Over a Lease Option?
We have a proposal on the table to buy a property with a lease option in place. We would be buying the property for $30,000 and the lease option is $700 per month rent until Jan 2016 when the tenant is buying the prop...
Jason V.
Finding an MIA Owner
I'm trying to chase down the owner of a Triplex I'm interested in, but keep running into walls. Long version: this property was listed by an agent on the MLS for quite a while. My agent talked to the listing agent to ...
Alexander Hamilton
Do you have an “offer acceptance period” for off market offers
I’m curious to know if you have an expiration date/time on your offers made on off market deals. On market I usually have a 24-48 hr acceptance period and then my offer expires. All feedback is appreciated!
Joyce Williams
Lease expires. 1/2 tenant leaves, 1/2 refuses to leave.
If a lease expires and there is a husband and wife on the lease and the husband leaves but the wife refuses to leave, are they both still responsible for the rent even though the husband no longer lives there?
Kahanu Noa
Help with mortgage refinance dilemma
Hi BP,I am currently going through a mortgage refinance with a national bank on an owner occupied property which has a HELOC in the 2nd lien position with an expected closing date of Feb 25. At the time of applicatio...
Cameron Paterson
New from Indianapolis
Just thought I'd make a quick introduction here.My name is Cameron and I'm from Indianapolis. I'm 26, married 5 years, 2 big dogs, and expecting the first little one shortly. I graduated from IU in 2013.I got into e...
Alain Perez-Majul
What happens with the lease if I buy a tenanted property?
Hey all, quick question:If I purchase a tenanted with a lease in place, what is the process of having that lease be transferred in my name? Is it something I would need a lawyer for?
Neil Blalock
New construction not done on time
Hi I am hoping someone can help me with my current issue. I am new to real estate and so is my realtor. I have been under contract on a new construction duplex in fort myers, FL since March. The builder and seller age...
Marenda Bullock
When To Write a Tenant Reference Letter?
My tenant’s lease expires July 31 and she is moving out. She’s asked me for a reference letter. When do I provide it to her? Now? So that she can use it to find a new place? Or once she’s moved out after I’ve done an ...
Kori Caldwell
PMI versus Income Property
My husband and I need advice. We are interested in becoming landlords. We purchased our first home in Dec 2012 with an amazing interest rate and 3% down. Our plan was to stay in the home for a few years and then rent ...