Mark Forest
Prospective tenant angered over inquiry about second person
We have a house that is becoming difficult to rent. We had a prospective tenant who makes a lot of money as a plumber. On the phone he only mentioned that he needed the house for himself because he does a lot of wor...
Amanda Thompson
Applicant with bankruptcy
I just got my very first application! This lady meets our minimum qualifying standards, including income and credit score. But when I'm looking at her notes it lists bankruptcy. I'm so confused! Can you have good cred...
Sarah Nguyen
When do I require a co-signer on rental application?
Hello BP family,I am new and still learning about the rental business. Can you please let me know in what situations I will need to require a co-signer on the lease?My property is in a college town so the chance of r...
Kevin Chhorr
When does everyone get their rental check/wire??
I'm new to REI so this sound like a silly question. I was wonder when does your PM deposit the rent in your account? My PM get the checks from the tenant on the first and I receive my payment around the 15th(if i...
Bill Flannagan
Rental lease review by attorney in Aurora or Naperville
I am in my third year of being a landlord and things have been going well. I have a lease in place. I started with a standard lease provided by my realtor and added an addendum to cover things that I felt the standard...
Corey Williams
Writing an Offer?
I am looking at a house in pre-foreclosure and the offer must be accepted by the bank. I am not working with an agent right now but I have a few agent friends if I need to get them involved and the house is listed wi...
Karen M.
Real Estate Investing and Taxes
Dear BPers,
I'm interested in learning more about Real Estate investing and taxes. We are getting close to amounts where our income might be too high for ROTHS (Have to check this after the standard deduction. We to...
Aaron Francis
Tenant who is relocating without a job but lots of savings
I have an application from someone who is relocating from out of state. He doesn't currently have a job (a couple jobs pending), but he has 3-6 months living expenses in savings. Anyone ever rent to tenants in similar...
William Causey
Affordable Housing for Disabled Veterans of San Antonio, TX
Investment Info:
Small multi-family (2-4 units) private money loan investment.
Purchase price: $125,000
Cash invested: $50,000
I am currently looking for properties for a newly formed non-profit grou...
Aaron Landau
What are the challenges of buying a very old house?
Hello all!I am looking at purchasing multi-family house that was built in 1850s. I understand that a home this old obviously needs a lot more attention then a newer build. I am not looking for feedback of ROI and all ...