Bobby Balentine
Rent increase to inherited tenants
Good evening all. When purchasing a property that has tenants and you take possession on the 6th of the month, at what point do you notify the tenants of the increase in rent? Tenants are currently on a month to mon...
Account Closed
6-Unit Apartment Complex. My first investment. What pitfalls?
Hey guys & gals, I'm going to invest in a 6-unit complex all cash. This is my first adventure into real estate rentals. My goal is to run it myself for a year, and cash out re-finance after I get a track record.
...
Tony Chan
Can Niagara Falls recover like Buffalo, NY?
Hi,I read these short articles regarding a redevelopment project in Niagara Falls, NY by Niagara Global Tourism Institute:https://www.bizjournals.com/buffalo/news/2018/03/0...http://news.wbfo.org/post/niagara-global-t...
Steve Williams
My First Wraparound Mortgage
I want to sell a sfh on a wrap to another investor. It has a $70,000 mortgage at 4.25 %. I can sell it for $150,000 if I don'tfinance it so I believe I can bump it to $155,000 or $160,000 if I sell it on a wrap. I'...
Thomas Landis
Bloomington, IN Meet-Up and Mastermind!
Bloomington, IN Investors!If you are interested in meeting up, we have a standing appointment on the 3rd Saturday of every month at the Scholars Inn Bakehouse (on 3rd Street by Target) having coffee. Details below, ho...
Drew Sygit
Protecting Vacant Rental Property from Vandals and Thieves
Make the neighbors your friends, and you’ll have taken the single best step you can toward protecting a vacant property.
It’s never a good thing to drop by a vacant rental property and discover a wide open do...
Jerome Kaidor
Jury Trials
All,
A disturbing trend here in the SF Bay Area. You file an eviction on someone, they demand a jury trial. It only costs them a $150 deposit to do so. If they convince the Court that they are low incom...
Ankan Basak
Tenant asking security deposit to move out
Havent gotten paid last 2 months. Issued notice of termination as I also found out the unit is not legally rentable. The tenant asking for one-month security deposit back so he can pay for the next place he will be mo...
Luke Petro
Rat Infestation in multifamily unit in McKinley Park, Chicago
Hello!
I recently bought a multifamily in Chicago. During the inspection we noticed some mouse traps and a few mouse droppings--no big deal. Recently, the tenants started complaining of loud noises in the walls and...
Jairus King
Cross Collateral/ Pledge Equity/ Refi - Lions, Tigers, and Bears Oh my
Good morning BP Family,I have been blessed enough to have a property paid off and a few others with considerable equity. However I am looking at the net worth on paper and would much rather see that in my pocket or be...