Jacob Haskins
Inheriting Tenants- No proof of lease, verbal agreement only
Hello BP community!Tomorrow I am slated to close on a duplex, and I will inherit tenants. The seller has stated they do not have any paper leases, as everything is verbal. The tenants are long-term (about 10+ years)...
Will K
Closing Costs Seem High...
I am looking at purchasing two 3-unit townhouses as a package deal. Each townhouse is $90,000 each, for a total of $180,000. I am going to get a separate mortgage note for each property.
I talked to a bank the other...
Amy Zemser
Collecting First, Last, Security
Hello Landlords, I have a student rental in upstate NY and had a question about early security deposits. Students are on an academic calendar, and I always secure my students/tenants during the month of February for a...
James Edward Laws Jr.
Questions for Better Due Diligence (Part 1)
(1) I've heard that it's possible to refinance a property under the BRRRR strategy in 6 months. Is that true, and how would one go about it? (2) I've done several analyses through BiggerPockets and I run across the te...
Desiree Doubrox
Do I have to refund prepaid rent if my roomy wants to leave early
I have a roommate / short term rental who paid for six months in advance and now wants to leave two months early. Do I have to refund her the unpaid rent even if she is deciding to leave early?
Renee R.
Ways to pay rent electronically when tenant has no bank account?
Is anyone aware of any services where a tenant can pay his rent electronically without having a bank account? I'm aware of services such as popmoney.com, but I don't know of any that you can use without having a bank ...
Jason H.
Asking lender for interest rate adjustment
Hi there BP...I did a search on this topic but could not find any past posts on this. Has anyone called up their lender/bank and asked for an interest rate adjustment on a conventional residential loan (agency debt)?...
Nadia Elabbar
Where can you save on closing costs
Hello dear Biggerpockets community,
I am a newbie here. How much can you save on closing costs if a property purchased through hard cash/private money vs the bank? Many thanks in advance.
Carmello Costello
Where to look for zero down loans
I can’t find any lenders with zero down can someone point me in the right direction? I keep watching videos of people boasting about zero down and can’t find anything
Rusty Scott
Tenant Income Requirements
Would anyone lease to someone if they didn't meet the 3x income requirement, if there were valid life reasons and expectation that a new job would easily put the tenant well beyond the minimum? And if so, what woul...