Z C
Looking for advice on tenants
I am renting out my house for close to $3000 a month. Two ladies are very interested. They are both in their early 50s. One is self employeed with income from $120K to 200K a year based on recent two year tax return. ...
Sarah Bella
Tax Liens on Property owed by a Foreign Entity
Hi all, I am starting to invest in tax liens. I am going the "Orphan Lien" route and looking into liens that did not receive a bid at the last auction. I have found several on some beautiful property lots, however, ev...
Linda Cooper
Is It Possible To Re-Finance After Chapter 11 Bankruptcy
Bankruptcy will be discharged Jan. 2017. Our portfolio rentals consists of 8 single family homes & 2 four-plex apartments. After our discharge our portfolio will consist of 4 houses will have no mortgage & 1...
Jeff Deville
Legal Options for a lender with a deadbeat payee
I'm curious what options I have legally for this situation:I lent money for the purchase of a property. That loan was secured by a note only (yeah, I know. But this was my first deal and I didn't know then). The inten...
Jhansi B.
Lessons learned as a landlord
Just settled a could have been litigation and I thought this will be a good thread to start about the lessons learned as a landlord. The lessons I have learned from this are:
1. Never rent to a person who filed for b...
Alek Liskov
A Bankruptcy and Being Foreclosed On - Should I rent to them?
Hi BP Community, First and foremost - thanks for reading this. It means a lot to someone like myself who has just recently started on his journey. I'll cut to the chase. From all of the applicants I have for this SFH,...
Dimitry Moltoff
Non-Arm's Length Transaction and Clouded Title in Default
My parents received a notice of default (NOD) on their mortgage several years ago and then filed for bankruptcy which cleared several judgement liens from the house, leaving only the secured mortgage loans. After ban...
Michael Ealy
From Bankruptcy to 1,000 Units (Part 1 - Thru The Dark Tunnel)
What I am about to reveal below is a chapter of my life that, truth be told - I am embarrassed about. However, I have decided to share my story to inspire and teach a lesson to all investors, specially newbie investor...
Luka Milicevic
Would you take a tenant with a prior eviction
Had a tenant apply. Qualified on income and checks every box. Filled out all forms properly, and communicates very well. Has an eviction on record 6.5 years ago. If they applied 6 mo from now it would have not even sh...
Michael Nwabueze
Owner is an LLC... I have a question
Hello All, I am a REI (wholesaler) in Pg Maryland. I have a question. If the owner a property is an investment LLC Owner should I back off. I was Driving For Dollars and noticed the property had y’all grass and looks ...