Paul Gilo
40k - lend it as hard money or buy a rental? other options?
So lets say I have a friend... :) Who is a professional and is pretty happy where he is at and does not really have too much time into landlording and such, but is very much interested in getting into REI and buildi...
Drew Brower
Should I make tenants pay a penalty for wanting to break the lease early?
Hi everyone, I have recently been renting out my first house for the past year and a half. The tenants have been great and we have maintained good communication if anything needs fixed or addressed. However, they have...
Allen Collier
Repairs that go against the deposit
My tenant’s dog tour a door, door frame, and the wood floor up trying to get out of a bedroom. They have moved out. I haven’t returned to deposit yet. What can I deduct? Materials and labor wise. Everything? Preying d...
Adam Jason
BRRRR - Full Deal Package
Hey All - Thoughts needed please!I am a fellow BRRRR strategy investor, having applied all I have learned from the Biggerpockets community on the topic to do many successful deals of my own. I am also head of legal f...
Kyle Nazarek
Advertising contracts for assignment
I have seen many articles talk about the steps in getting a piece of land under contract (with the intention of wholesaling) and then advertise it on Zillow, land watch, Craigslist, Facebook, etc.
I have not seen ...
Jason Boritz
Sublease question when somebody has not paid rent
Hi everyone,Legal Question -If a person is renting a room from a tenant, who is the only one on the lease, and the person finds out this person is applying for rent assistance and hasn’t paid rent, is the agreement ma...
Susie C.
First DSCR - Are these costs normal?
I am planning to secure my first DSCR loan. I have a property in mind that is 350k. The lender sent me the following options (attached photo). I am a little bit confused on why the monthly payment is so little? For ...
Carley M.
Early Termination of Lease
I recently purchased a 4-unit property (like a week ago). While I was moving in, one of the tenants gave me notice that she would be moving out in 45 days. I reviewed her lease and it has significant penalties for ear...
Elliot Lamson
Buying LTR with friends/family.
Hello BP. This is my first post. Question about buying LTR with friends. I along with all my friends play poker for a living. Most of us have the majority of are net worths sitting in safety deposit boxes. I'm looking...
Peter Walther
Late fee based on a percentage of the loan balance is void
Honchariw v. FJM Priv. Mortg. Fund, LLC, 2022 WL 4544812 (Cal. Ct. App. Sept. 29, 2022)
I thought I'd post a link to this recent CA decision. While it was decided by a CA court I wouldn't be surprised if the rationa...