Craig Ward
Elderly tenant died last night rent is due in 4 days.
First time for me so I’m looking for advice on the best way to handle having an elderly tenant die. She was the only name on the lease and family is saying rent may be late
Lilly Fang
how to convey "elderly owner passed away at home" to renters?
New investor here. I am under contract for a BRRRR project. (built in 1987, 1500 SF, 3/2, 6000 SF lot). The elderly (87 yr) owner passed away at home. My plan was to repair and bring this house up to date and then r...
Jay Helms
How to convince elderly mom/pop to share verifiable income/expens
I’m working with a broker to acquire a mom/pop owned Mobile Home Park (36 pad), sellers are an elderly couple. Had the property under contract for several weeks and one excuse after another (waiting on CPA to get past...
Scott Simpson
Elderly owner wants to sell, but worried about capital gains hit
This is now the third owner I’ve met who owns a dilapidated rental property (in an expensive market) who was open to selling but ultimately passed on the deal because of the capital gain tax hit. Their rationale was t...
Kristopher K.
Option for elderly duplex owner in state nursing home/ rehab, Medicare
Hi All,Have a friend who’s mom had a stroke and has been in care for the last appx 2 years. She has a duplex, one unit was owner occupied until her stroke; other had been rented until the same timeframe. Both units ar...
Anna Davis
Tenant skipped town owing 3 months rent.
H, does anyone know of resources that could help a landlord when the tenant skips town without paying months of rent? My friend owns her property out right and it seems all known resources are for owners with an acti...
Coco Cook
Assisted Living Facility
I was listening to the podcast on mobile home parks and that led to assisted living facilities. Both markets meet the needs of a growing population of the underemployed, retired and aging populations. Does anyone hav...
Jim Slack
Is this a deal?
Situation: Elderly couple facing foreclosure. Will sell me their property "at cost". Have about 50K in equity. Will be paying me rent (positive cash flow for me). Then when they are comfortable and get their fina...
Eugene Lubman
Selling to a family member (or transferring to a trust?)
Hi,I am planning to sell my 3-unit investment property to my parents. The idea is to provide them with a steady passive income in their retirement. I will still be managing the property, as well as be an inheritor, ...
Tyler Mundy
Is Wholesaling Immoral?
Wholesaling is new to me, and I have learned a lot about it within the last month or two. However, it seems to me that it is an immoral thing to do (though maybe I am missing something, which is why I am posting this)...