Hi BP, I'm currently structuring a deal which I need to present to my seller tomorrow. Essentially, my seller is willing to do some owner financing in addition to the FHA loan. I will obviously disclose everything to ...
Scenario: You Own A Home, A Duplex In An Urban Area, The Property Is Considered "Class C"... The Area Has Some Riff Raff And You Know This. It Is Time To Start Renting Out Your Property, Your Goal Is To Obtain A Good ...
So we take an application fee and use a company to screen all our potential tenants. Recently we’ve run into a situation where the screening grade came back as acceptable, not good or great, which left us a little wor...
Two tenants who are roommates have always been argumentative and difficult with me about following rules. I discovered they moved in two new roommates, a couple, under the radar a month ago.
I agreed to screen the c...
Hi, I am a new landlord in the Boston area. My tenant wants to sublet an apartment for the 2 months of summer. It's stated in the lease that subletts are not allowed, but I am ready to make an exception for her. How s...
Hello everyone! I live in Wisconsin, and going to purchase my first rental using a land contract with the seller. I am younger, so he is wanting one of my parent to co-sign on the land contract. What I don't like a...
When financing a 8-unit apt, bank asked owner to assign leases as additional security on top of the property itself. Is it normal in apt financing or negotiable? Meaning, property alone should be sufficient collate...
Hello all, I have a few rental properties that I manage myself. I have been hearing from some people that I should set up some criteria to base my decisions on. The criteria I have come up with is income must be three...
My son recently moved out of an apartment in a 40-unit building. His rent was $639/month, but for reasons we never understood, his security deposit was $538. He just received a security deposit refund check from the m...