Gerald Jarreau
considering purchase of condo with existing tenants
Hello BP users! I am wondering what questions to ask when purchasing a property with tenants already housed. I have an appointment to view the property but wonder when I could see the existing lease and how/when to as...
Michael Meade
Lease Cancellation because of Bankruptcy
So I have a unique situation. I own a rental in Nashville, Tennessee. An individual from Texas who is moving here has applied, and I approved them. They had a lower credit score. So I've obtained July and August r...
John Jackson Jr
Take full years rent from unqualified tenant?
I have a prospective tenant that does not meet the criteria of 2x monthly income and a credit score of 650+. He said times were hard and he was out of work but has money saved. He offered to pay a years worth of rent ...
Pixel Rogue
After 12+ months, titles are still no in our name (!!)
We closed two properties at the end of 2019. We discovered that the deeds were never recorded in our name when we went on a hunt to locate school taxes. In August title company blames everyone else (including state we...
Mike Oconnell
Would you rent to tenant in Chapter 13 if they pay for full year
Would you rent to a prospective tenant who is in Chapter 13 bankruptcy if they pay for full year up front?Thanks!
Keivon Anthony Sassu
Closin hud help hard money
Closing on a property in Wilmington DE soon. Purchase price 45000 and rehab is 50000. My closing costs are 26000. This seems really high to meXCan this amount increase after closing? $81,304.75 NO NO NO12% $836.31Does...
Jeremy D.
Highest and best tactic
I'm making an offer on a foreclosure listed for $26k. There are 5 offers on the property including mine. My agent suggested that I offer $26k, but put in a clause that i'm willing to go $1k over the next highest ...
Jenn A.
Terminating lease with one tenant and not the other
We have two tenants on a month to month lease in our rental property. One pays rent on time and the other is consistently late with payments and non responsive to emails, texts and doesn't return phone calls. Last mon...
Jeff Thompson
prepaid leaseback - transfer property with no money down?
I don't know how feasible (and legal) this is, but I'm exploring options and thought this up:
For a deferred down payment do a leaseback prepaid to cover closing costs + down payment. I have this in mind to transfer ...
Jorge Abreu
Questions You Should Ask The Sponsor
Experience
• How long has the team been in place?
• How long have the principals been in real estate investing?
• How many assets have they acquired
• Do they currently own, manage, etc.?
• Have they gone thr...