Account Closed
tenant wants to change 2 yr lease to a 1 yr after only a month!
Hi, I had a tenant move in a month ago and already she wants to end her lease a year early, she signed a two year lease until june 2015.She claims she and her boyfriend want to buy a home and wants to end her lease in...
James Paine
Pennsylvania + Philadelphia / Evictions = Sucks!
Holy cow! How long does it take to get a non-paying tenant out in PA? I bought an occupied property and the tenant has been fighting their eviction for over a year now. I have an attorney and everything. Finally d...
Cassidy Burns
Who is buying Secondary Homes/ STRs in this market? If so, where?
Hi BP,Curious as to where you are buying your short term and Vacation rentals / secondary homes currently? I have a small amount 1031 exchange money that I need to put to work and I'm considering going the short term ...
Jared Smith
CNN Business Says to Invest in Arizona: Scottsdale & Phoenix
Real estate investing is one of the best ways to diversify a portfolio and make a little side cash. It’s one of the most stable markets there is, and you can leverage others’ money to make it happen.
According to CNN...
Susan Kelley
Seller Financing Reneged One Hour Before Closing
Simple 4 page executed contract provided for purchase money mortgage (pmm), seller financing $375k @ 4%, repayment monthly amortized 30 year, 15 yr balloon, no pre-payment penalty. Seller's P.O.A. is a non practicing ...
Vivek R.
LLC for Multi Family Property
Hi,I just bough my first 6 fam unit in RI. I am thinking of forming an LLC soon. I am wondering if folks can answer few basic questions : 1) I am based in MA - Should I form LLC in RI or MA?2) Is forming LLC is a pr...
Paul Ellerbusch
LLCs: is an operating company enough?
I am a new real estate investor and I am closing on my first duplex in Milwaukee, WI this month. I took out a conventional mortgage (30yr/3.125%) and the property is will be held in my own name. I am trying to incorp...
Brian Olencki
Purchased property with existing tenants; Tenants not paying rent
Hi everyone, I just closed on my first property this past week in Rhode Island. It was a duplex with existing tenants on a month to month tenancy. The tenants did not pay rent for two months while we were under contra...
Aaron Heun
Renew Lease or Not (Early Payer, Bad Tenant)
I am a newbie, just converted my primary residence to a rental last summer. We're nearing the end of our first lease and have a bit of a problem tenant but they pay rent early or on-time every month. We're on the fe...
Winter Heintz
Tenant went to jail, wife is moving out
I’ve had my tenants for the past 3 months and they’ve been great. Paid rent on time, communicated and are clean and quiet neighbors. Recently, the husband went to jail for a problem the wife is leaving him for. This p...