Nikolas K.
Options for ending / inducing end of month to month lease
Hi All,We have tenants whose lease has transformed into a month to month lease after initially being a 6-month lease. We have a verbal agreement that they will go month to month while home shopping but convert back in...
Calvin Kwan
Accepted Seller Counter, but Agent Mistake on Counter Offer Form?
Hi,I accepted all the terms on of the seller's counter offer for a property in Oakland. There are multiple offers from what I understand. The counter offer expires at 4PM this afternoon. I submitted my response at ...
Shane Moss
Tenant won't sign new lease, but is still sending payment. What to do?
My parents have a tenant that had a lease expire on the last day of the month in August. A few weeks back the tenant expressed interest in a month to month lease, as he was looking to possibly buy a house. During th...
Jared Wilson
See actual SBA EIDL Promissory note attached
I'm trying to decide about accepting a $20,000 disaster loan from the SBA. But it is making the hair on the back of my neck stand up.The loan payment is really soft at 3.75% over 30 years, but it has a lot of provisi...
Account Closed
getting started with performing notes
I've owned a couple of rental properties before. I've been thinking about buying another, but a friend suggested I look into notes instead. I'm most interested in buying performing 1sts for cash flow, and I will be bu...
Vernon Henry
Want to cancel acceptance of offer
I am a seller who last night faxed my acceptance of an offer which involved my carrying the loan for 3 years. I've had second thoughts and now want to back out.Can I still do so without any penalty(like the broker wan...
Anand S.
Short sales - multiple contracts
I've been waiting on a short sale for 6 months with no final answer. I'm getting concerned the short sale may never get approved.
I started my search again and found a second home that's also a short sale. I'd lik...
David Jesse
Current leases after offer. Is the contingency worded right?
I'm getting ready to put an offer down for a rental property that already has tenets, but my agent is telling me that I will get the lease agreement after acceptance of offer, and if I don't agree with it, there is a ...
Scott Weston
Buyer Trying to Back Out of Sale After Inspection Response
Ok interesting question. There is a property I am trying to buy out of town (2nd home). It was under contract when I found it - but the realtor reached out to me to tell me that the seller had refused a repair request...
Rico See
Accepting partial rent payments
I have a late paying renter in a turnkey property in Memphis,TN. The management company is accepting partial rent payments from the tenant. I know in California if a landlord accepts partial rent, that may have a...