Could something like this work to make a property judgement proof?Property owned by Ownership LLC is worth 100 k. Has a 100 k interest only mortgage to another LLC I own called Capital Holding LLC. Slip and fall happe...
So my husband inherited a multifamily home in illinois when his dad died. We moved in to the first floor. And now have also inherited tenants in the upstairs apartment. These tenants didn't have a signed lease. They a...
Hey all,
About a month and a half ago I pulled up my credit report on Equifax (my first time ever checking my credit). I noticed I had something in the "Collections" section that's been buggin me and I'm not sure wh...
Add this to the stories of nightmare tenants...My tenant was late on rent payments month after month. She ends up writing two bad checks in July, and not paying at all in August, then blocking my phone number. I evi...
I have a tenant late paying April rent. I gave her 3 day notice and She told me that she filed bankruptcy last week and also planned to move out on 4/30. I do have one month deposit but she has about $1800 unpaid p...
At the move out inspection meth paraphernalia was found. The unit tested positive for meth and was condemned by the health department. $7600 later to have it decontaminated and replace everything permeable I am wipe...
Hey folks, New landlord here closed on my first multi two months ago. Finally got a nightmare tenant to move. They didn't pay the last months rent and left behind a lot of damage (big holes in the wall, broken door fr...
Hi BP community. I own a single family and as my first house a.k.a 'mistake house' I'm sure experiencing a steep learning curve. I house hacked, then land-lorded and am now out of state so I'm officially a long distan...
I own a property and the renters left the property with a garage full of junk, and furniture in the apartment and turned off the heat. They are behind 2 months of their rent and we do not have a forwarding address. Wh...
Question: if you are looking at doing a wholesale deal with a property that is represented by an agent, Is there any any way around a proof of funds since you are not the final buyer? Or another option?