Andrew Reid
Smart Move Recommendation - Not Enough Info - What to do?
Hi Everyone, Property Location: Albany, NY Last week I sent a rental application to 3 tenants. One of the tenants is a new applicant as their old roommates are moving out. They were the ones that originally qualified ...
Adam Hays
Should I buy for appreciation due to the second coming of Christ?
I'm digging through public records on a property going to auction soon and came across this. This has to be some loony tune, bat crap crazy stuff right? I didn't read it all btw, my skin was starting to burn and the l...
Joe P.
Multiple applications, do I need an adverse action letter?
Hi all -- I have received multiple applications and have gone through the process of tenant screening, and want to select the best candidate (and deny others).This property is in NJ. I want to let those folks know tha...
Sarah Jukes
Taking unpaid rent from Security Deposit.....?
Hi,
Section 8 tenant lease started Friday, following day they decided to move out! The lease is between us and the tenant. Section 8 were to pay the rent (but the first payment takes a few weeks to be deposited and i...
John Lee
Deposit before or after county auction
To bid at Hillsborough county auction, do you need to deposit 5% of the amount you want to bid before auction? What happen if you don't and end up winning the bid? Can you just run to the court house with a cashier ch...
Jason Rhine
Selling to tenants
Has anyone ever assigned a wholesale contract to the tenants living in the property? Does it make sense if they have financing approved?
Don Levy
Who takes the hit on loan principal reduction?
There is a talk about reducing borrower's principal on their loans to help them stave off foreclosure. I would like to know who has to take the hit when a loan is reduced. Most lenders package their loans and sell the...
Michael G.
Letting Tenants Sublet a Commercial Office
Hello BP!I have a 4,000sf/4 office Professional Office building in West Palm Beach, FL. One of my tenants still has 18 months (~$40K) left on a three year lease, but they went out on their own and leased another spac...
Kris Lai
legLender won't send 1099-C, possible deficiency on Short Sale
I short sold a non-owner occupied SFR in November. The loans were with Nationstar (transferred from Aurora, my original lender) and Bank of America. I received my 1099-C from BofA but not Nationstar. Called them to...
Brad Cox
Part time investor from Winston-Salem, NC
I am a part time investor from Winston-Salem, NC. I currently have one single family rental that I have spent the past six months renovating and is now on the market for rent. It was a leap of faith to get off the s...