Ron S.
Condo Deal for rental what are your thoughts?
Hello was considering a possible condo purchase. The condo is a 2bed 2bath first floor unit. Its in a good area and needs minimal rehab- new carpet and paint. Probably 2k in rehab- unit has all appliances included ...
Kristann Montague
1st Rental Property Closes Escrow on 9/26 -- When Can I Begin Marketing?
Hi everyone. I'm a newbie investor and have some questions. This week I just purchased my first rental property (a SFH). Closing date is scheduled for 9/26/12. I'm unsure as to when I can begin marketing this prop...
Julian Greenway
Active Duty Service-member using VA Loan for a Buy and Rent Strategy in Temple Terrace, FL
Hello everybody,Just need some second opinions on a deal. My wife and I found a SFR, 1,628 sq/ft home in Temple Terrace, FL. The home is in a good location and has low crime compared to similar blocks within the cit...
Tamas Z.
Can a lease rider change terms if the lease gets transferred?
Hi all,I'm in the process of drafting a new lease for a tenant whose lease is up for renewal.This tenant is a bit of a special case: Basically, a personal friend with a really good rental deal.He is starting to look i...
Ryan Nichols
New tenant situation, what would you do?
Here is the skinny. A nice couple with a young daughter recently applied for my listing. They passed the background checks, references and income requirements with flying colors, even though they are a single-income f...
Paul Teske
Good or bad idea? Property management firm for my own properties.
Hey BP,I'm considering starting a property management firm that will only deal with my own rental units. This company will not own the rentals, because I do not want to trigger the Payment Due on Sale clause in the mo...
Steve Ellison
Options for underwater home if I want to move
Hello. I have a simple problem which might have an obvious solution, but I’m hoping that someone more knowledgeable can provide feedback in case I’m missing something.I bought a very nice condo/apartment in a new mix...
Danny Colacicco
Short Sale Finders Fee Contract
So I recently came across a great property but its a short sale and in speaking with the bank, they dont allow assignments. I know that I can do a double close or purchase in a trust or somthing of that sort, but ...
Ryan Keenan
LLC / due on sale clause help
Hi BP, trying to change the title of my rental property out of my name and into my LLC. The bank said that it was fine however they will still report to my personal SS# and the insurance must stay in my name not the ...
Mike Hartzog
Purchasing a Note with Term Errors
First things first... Happy New Year everyone! I hope your 2015 is off to a good start. I have a hypothetical scenario for you to ponder. Let's say you are looking at purchasing a performing note, but after doing t...