Definitely many legal issues at play here, but I'll give my side of the story before starting this process to see what you guys think (besides the fact that I'm incredibly stupid & naive for breaking numerous rule...
Good morning, I have been doing Property Management now for four and a half years in a great student neighborhood area and high rents. I could have the opportunity now for either by an already income-producing asset a...
I am purchasing a 4 unit apartment building in my hometown in Wyoming. I am using Guild Mortgage, from which I heard of on one of the podcasts, and we have a branch in my town. I was going to purchase this property wi...
I figured landlords on Biggerpockets would be most knowledgeable about this situation so I would greatly appreciate any advice on my dilemma/concern. Please only answer if you are an experienced landlord and know the ...
Hello again, I'm finally closing on my first deal, a duplex 1 bed 1 bath each unit.Both units occupied and they pay $450 each.I bought it for 93k and it needs 15-20k rehab.I can leave it as is and cash flow $400 a mon...
Financing: X Property is being offered on an All-Cash basis, allowing for unrestricted financing options to a new investor.Does this actually mean all cash, no lenders?Thanks in advance for everyone's input!
Hi BP Community,Took a listing to sell a property where the tenants have 3 months left until their lease is up. My sellers offered them first right to purchase the property. They cannot afford it, we put it on the mar...
I'll try to be brief, and I'm not looking for legal advice, more of a 'what would you do in this situation' thing.I put an offer on a new primary residence in Oregon in November (I live in California currently), which...
Hi all,I was under contract for a house, and all was well untill the sellers lawyer said that the security deposit must be given to the seller and not held in an escrow account. My lawyer told me this is insane becaus...
I had a tenant here in Colorado. I knew he fell on hard times and filed bankrupcy but did not include rent in that filing. He said he wanted to stay until lease was up (August) but I felt he was not being straight w...