Account Closed
Tenant Paying Deposit in Increments?
Asking for parents and curious myself. They have a vacant rental SFH after a lengthy and expensive eviction. They finally, after 2 months now, found a seemingly fine candidate. However, the woman is asking if she can ...
Tom Scott
Buying Already Occupied Building
I'm looking at a few 4-plex buildings and most already have long term tenants. I know I need to look at the lease agreements before I buy, but what else do you do in order ensure an easy transition for the tenant? How...
Ken Chud
Eviction Due to Tenant Not Repaying Balance of Security Deposit
Hi folksI have made a mistake of allowing a voucher-assisted tenant to move in when she did not have the full amount of security deposit during Lease signing. Had her sign an impromptu agreement I drafted myself, whic...
Quintin F.
Carrying real estate debt
We are about to begin the process of purchasing our first home and I was hoping for some insight into the pros and cons of getting a 15 yr fixed mortgage with the following scenarios: 1) minimum down payment, and make...
Wesley W.
Alternatives to increased security deposit
Well, us unfortunate folk who cater to C-class tenants in Upstate NY just got our heads handed to us. The legislature does not want to own public housing; it just merely wants to CONTROL all the housing privately own...
Alana Reynolds
How to recover unpaid rent and money owed from previous tenant
Should I send a demand letter for payment to evicted tenants? They were evicted September 30th and owe more then what the security deposit covers. I will send a breakdown of what the security deposit was used for and ...
Nigel Johnson
Reverse Mortgage: Subject To
A lady called me with a nice house in a nice neighborhood that she wants to sell for what she owes which is $108k, and it is worth $150k. It needs no repairs, since her son is one of my best contractors who told her t...
Matt S.
Downpayment Funding Options
Hi all - first post here so bear with me, I’ll try to keep it concise. In short, I’m preparing my finances here to put me in a position to purchase an investment property. Due to new COVID-19 developments, it’s my und...
Ronald Fontenot Jr
Got a contract on a house... how will this work?
I have negotiated a contract on a home and am considering a creative exit plan. The seller is willing to allow me to secure the house with the contract at our price of 250k. ARV is 360k at minimum. Rehab is 40-50k.Rat...
Les Goss
Three Documents You Should Have When You Buy Notes
I just posted a new blog on this topic. I hope you find it useful...https://www.biggerpockets.com/blogs/7697/50523-thr...