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 ...
Jessica F.
Sample Notification to Tenant of Late Payment Due on Rent? Certified Letter?
Rent is due on the 1st of the month. The lease allows for a grace period up to the 5th. The lease also states that after the 5th, there is a $25 late fee and after the 10th of the month, there is an additional $25 lat...
Diana Poch
Minnesota Sheriff Sale, Junior Lien Holder and Auction.com
We won a property on auction.com that was listed as the redemption period being over in August 2016 - well we won the rights to the sheriff's certificate. In actuality the redemption period expired in 2/2017 so aucti...
Jason Malabute
WHY I WALKED AWAY FROM A 40 UNIT DEAL
Last week I was in contact with an owner of a 40 unit apartment building in Independence, Missouri. The property was under a HAP program. To be honest, I was not familiar with the HAP program. All I knew is that the H...
Jose Ignacio Prieto
How to finance MF with 10% downpayment when property is fully leased
Hi all, we are in the process of buying our first multifamily in Chicago. Building is 3 units and all leases run until 8 more months. We would like to purchase as a owner-occupied, to get a lower rate and to put a dow...
Doron Rice
Looking for an Online payment service
Im looking for an online payment service that will allow my tenants to pay me directly. I’ve been using Retalutions but got really bad feedbacks from my tenants. None of them managed to use this service.Thanks!
Michael G.
Commercial Lease Renewal Option - Commissions - who pays?
We have an office building with a great long term tenant, that is in a below market rates, and we're good with it because they are stable and NNN. Their lease is up for renewal, and contains one Option to renew, whic...
Nick Deshotels
Making Blind Written Offers
BP Nation,
I'm getting ready to start making written offers, so I just have a few questions regarding the process. Is the offer basically just a purchase agreement acclaimed with some sort of an explanation of the of...
Amanda Long
Please fill me in… whole sale company vs property owner
Was in a purchase agreement with a “wholesale company” from CO. They marked X optional for EM. Closing date was 2/29/2024. company said end buyer would put down EM and escrow would then open. Figured out after signing...
Dawn Johnson
Virginia Tenant claims month-to-month & moving out 11/8
Hi!
So my tenant called me up 10/09 to announce she is moving out on 11/8 and giving 30 days notice.
I had a yearlong lease in place, and when it was up for renewal, I reached out by text “were you planning to rene...