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I came across a Craigslist ad for a house for sale in my farm area. I sent an email and the 'seller' replied with information on how to access the property. I went and took a look, and a day or so later, the 'seller'...
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Hello!
I just purchased a property and after closing the title company said they removed the rents for the upcoming month of November (Closed on Nov. 5) at the seller's request. The seller, whom I know, said their 10...
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What would you folks do as landlords. Tenant just moved in last month. Gave full deposit and first month's rent in advance. Upon moving in tenant pointed out the hot water heater was not working. This was verified to ...
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When is an eviction necessary? For example: when a one year contract is over and I wish to not renew with the tenant can I simply just tell them or do I need an eviction?What if the tenant does not leave after I don’t...
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Let's say I was an LP on an apartment complex that sold this year and while answering TurboTax's questionnaire, it asks for two very fundamental bits of information - the Adjusted Basis and Final Sale Price. As basi...
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Hi all, new to biggerpockets. I have a question for all the landlords out there. We recently purchased a home and we rented out. We screened the tenant and he seems fine and all. However, after he moved in, he's as...
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I am trying to purchase a portion of a commercial property that has a lien on the owner for $52k. I have a contract to purchase the parking lot (a small portion) on the property for $35k. The owner has no issue puttin...
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Does anyone have experience working with New Western Acquisitions? What is your opinion of their process, people, integrity, anything? I have an opportunity to work with them not related to buying their properties.
Hi BP!I recently purchased my first residential property, no financing. I purchased this as a rental property, and I am aiming to have it rent for $4000-$5000 a month. It should be ready in about a week for photos to ...
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Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...