Hi there - what do you all do when a tenant's deposit does not cover the damage? Can you file in small claims court and is it worth it (property in Houston metro area)? Can you report this against their credit as an i...
I just recently started listening to the BP podcasts and haven't been on the forums yet so I really hate that the my discussion on this forum has to be a bitter one, but I've found myself in less than desirable situat...
Ok, let me say I'm really asking because I'm bored today with sheltering in place! But I've been for some reason seeing the phrase "heavy hitters" popping up more than I remember on BP, referring to a particular group...
Would anyone recommend taking on properties only as you can afford to buy them cash? Or is taking on debt in order to secure new properties recommended.Currently I do not like debt because of the obvious cost of borro...
I'm listening to a webinar from Phil Grove with a houston meetup that I couldn't attend tonight. Has anyone heard of him and what do you think? I am thinking he is a GURU.
The NAR settled all of their lawsuits for $418 million today. Lots of stuff to dig through in regards to all of it, but the biggest takeaway and change to the industry is that fact that buyer agent commission can no l...
A turnkey home for 100k renting for 1k (1% rule) would net you worse than the stock market 16 years later. I went back through my 1099s and calculated my return and estimated closing costs, federal taxes, capital gain...
Our process is to use a broker to originate all of our loans. We fund the deal and then the Note and Deed of Trust are assigned to us at closing. Pretty standard stuff.
The DOT and Assignment of course must be reco...
Let me start by being crystal clear. I am very sympathetic to all of those who have been exposed to COVID-19 – those who have either struggled through severe (or even mild) symptoms and certainly those who have passe...
My tenant is requesting a 5 year lease. I was originally going to increase rent by 3% per year. Because they want to sign for 5 years, which will reduce vacancy costs, I should probably reduce the annual rent increas...