Michael York
Landlord refuses to honor 5day grace period mandated in NC law
In North Carolina, General Statutes Chapter 42 'Landlord and Tenant' section 46, 'Authorized late fees and eviction fees', states the following:"§ 42-46. Authorized late fees and eviction fees.In all residential renta...
Trevor Rutherford
Tenant signed one year lease and is Breaking in 6 months
Tenant signed a one year lease and breaking it in 6 months. Says her son was suppose to move in with her but never showed up. According to what she put on her Rental app. She seems to be able to afford it herself, b...
Jonathan Taylor Smith
Can the bank call a 30 year loan due at any time for any reason!?
I was speaking to another Real Estate Investor who lost money on several rental properties in the 2009 economic downturn. I was curious to learn from him how he lost properties (or was forced to sell for a loss) if th...
N/A N/A
Please advise - about to get feet wet in this
Hi everyone. I am a new poster in the forums. My spouse and I are about to get into owning rental property (signing our first offer today) and I am getting cold feet. Could someone check out our numbers/plan and te...
Sue Loomans
HUD house w/ accepted offer vandalized
Made an offer on a HUD house in Milwaukee yesterday and it was accepted today. Went to see it again this evening and noticed that the AC compressor has been stolen along with interior copper. It was all intact yester...
Shandrea T.
What is considered an actual rent receipt per Purch Agrmt?
Hello!I'm under contract for a home and in the contract we have language "seller to provide monthly rent receipts" since we are planning on inheriting the tenants. The sellers have sent over a copy/paste from Zelle s...
Mike Miller
Intent To Rent: Capital gains vs Income Tax?
Hi All,I’ve been tossing over in my mind my current situation. I buy SFRs and use the rent-to-own model with them. My model is a little different in the sense that I treat the house more like a rental. Here’s a few ex...
Brent Paul
Woman fined 25k for renting her home without the proper permits
One San Diego woman has found herself in hot water with the city after renting out her home without acquiring a proper permit. Rachel Smith, who lists her home in San Diego's Burlingame neighborhood on home-sharing w...
Mark Paes
Pre foreclosure confusion
I have a son of a friend who has come to me with a pre-forclosure. He's 4 months behind on a 1st and 2nd mortgage.
Looking at the numbers, it does not seem to be a good property to flip to an investor. But I would lik...
Andrea Shields
Tenant in Jail, now what
Hello BP,I have been searching similar topics trying to find answers to this question. My tenant of 4 months, who was a bad placement by my realtor is in jail since the beginning of December. The girlfriend who is not...