Account Closed
Housing Bubble: Why it may be worse than previously thought
A housing bubble is a run-up in housing prices fueled by demand, speculation and exuberance. ... Speculators enter the market, further driving demand. At some point, demand decreases or stagnates at the same time supp...
Matthew B.
Tenant vs. Previous Owner: Security Deposit & Last Months Rent
I purchased a property from a motivated seller. The property is tenant occupied. The seller stated he was not holding a security deposit or last months rent for the tenant. After closing, the tenant is refusing to pay...
Warren Barnes
First buy and hold that wasn't previously my primary residence
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $120,000
Buy and hold with $0 in the deal. 100% financing. 80% conventional loan, 20% private note.
Genny Li
Existential questions for the previous renters of my new property
I bought a condo that's been a student rental for 23 years. It was actually what I would call "student clean" when I got it, so it only took an hour of vacuuming per room to get it to the point where the carpets coul...
Alexander V.
Am I bound by a previous owner's property management agreement?
I'm not asking about what property managers write into their contracts. I've seen entire wish lists embedded into them. I realize that it is fairly common for property managers write in their contracts that the agreem...
Robert Glennon
Renewing lease: Previous owner did not do move-in inspection
I bought a rental from another landlord earlier this year. I'm about a month away from when the tenant's lease ends. They would like to renew for another year. However, I just noticed the previous landlord did not do ...
Warren Marshall
How do we know a previous drug house is safe?
Hey guys, We just went conditional on our second Airbnb property, this one is a was considered a "Flop House" by the sellers agent. Which supposedly is a drug house that the door is always open so people can sleep t...
Samantha Simantiris
News Reported Previously-owned home Sales dropped 17.8% for 2022.
Wall Street Journal reported Sales of previously owned homes slid 17.8% in 2022 from the previous year to 5.03 million. Although we are seeing downtrend in home sales , there is some positive news. The average rate o...
Rene Bee
CPA wants to see previous tax returns before intro call
Hi Everyone,
I am currently looking for a CPA with real estate experience. Please send any recommendations. I reached out to 2 CPA's and both said they wanted to see my previous returns BEFORE setting up an intro ...
Madison Balter
Need to perform Skip Trace to sue my previous tenant
Hi BP family,
I recently started land lording on my own and had to kick my tenant out who lied about her income and didn't pay rent. I made her give me a 30 day notice to leave and she left but obviously left her sme...