Keith W.
Exit Strategy for Lease Option Buyer
This is a 30 thousand feet overview of the process. Correct me if I"m wrong, then a couple questions at the end. Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay...
Timothy Burns
Tenant Refusing to Turn Heat On During Cold Weather
I am nearing the end of a lease with my current tenant, set to expire January 31, tenant has become very angry and vindictive. Gave 60 days notice that we will not be renewing the lease. This is my first duplex that I...
Davido Davido
Neighborhood Cooperates to Rent Abandoned Home. Who Pays Taxes?
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
Sunny Shakhawala
Private Money Lender Seeking Advice RE: Deed In Lieu
Hey Everyone,About to originate a new loan for one of my borrowers. I've never used a deed-in-lieu of foreclosure before, but a few friends have told me to include it in my packet. Question: If I have the borrower's s...
Kyle Haney
Tenant Will Not Vacate Property After Fire
Hi Biggerpockets,
I recently had a tenant that caused a fire by knowingly leaving their apartment while she had items on the stove with the burners on. While they was gone, one of the items they had on the stove cau...
Gabriel E. Galloza
Inherited Tenant on 1st Rental Property Lease Concern
Good Afternoon BP community, Hope all is well, I'm closing on a property with an inherited tenant whose also in the process of purchasing a home. During the closing process I found out the tenant has not paid rent sin...
Jalen De Leon
LLC and how to use it in real estate
I've heard many people getting an LLC and using it towards their rental properties. I just had a few questions to clear up and ask like:1.) What is an LLC and how can you use it towards your properties?2.) What is the...
Summer Azul
Wholesale - What are the steps?
Hello everyone. I am a Real estate investor and I have been flipping houses for a few years now. Lately my business has been growing and I have other investors that work with me in order to help them make money. Howev...
Annie T.
Tenant Said She Can't Pay Rent and Won't Respond Now -SF Bay Area
Hi Everyone, this is my first property purchased and I am new to being a landlord so would really appreciate any advice here.
I purchased a property with a tenant in the unit back in October and worked with a lawyer ...
Dale Miller
Are Landlords waiting to start evictions
How are the tenants making rent these days and does anyone have to start the evicting process soon or started already?
That has to be a difficult situation and a pain?