Hernan B.
First Timer: Security Deposit, Rent in Cash, and more
I am officially in the process of collecting rent for the first time ever. I have collected rent from one unit in the form of a money order and a second in cash. What is everyone's strategy to collecting rent in cash...
Robert Hernandez
Quadplex has two evictions a week from closing. Help!
Hello,
I am closing on my first deal a quadplex in about a week. I am very excited. However, if found out that . Units will be vacant. They are eviction both this week. One unit was expected to be vacant, I am using...
Ted Klein
Needing Advice on Sellers Request for a Cash Deal
Hello Fellow BP'ers,I'd like to reach out for advice on a potential deal I have found. I have ran the numbers and it appears that this is a good deal. This is Two Townhomes sold together as a DUPLEX. Each unit is 2 be...
Sohaib Mannan
House Hack in Central Falls RI
Hi BP community,
My wife and I are moving to Rhode Island for fellowship and decided to start a bit earlier than planned on our REI journey and house hack. Plan to buy and hold long term once we move out. We are cl...
Abdiel Torres
The possibility of terrible tenants
Hello everyone, I am trying to rent my home to try and have extra cashflow. My wife and I both agree we need a bigger home as we outgrew our present home. I want to rent and my wife wants to sell. She tells me what is...
Scott Kelley
Mobile Homes
Hi all, I'm just curious your thoughts on mobile homes as rentals. I just recently came across a couple of units that I could either pay cash for or even use a credit card to pay in full, and then have instant cash f...
Nick Brubaker
Charging interest on delinquent rent and fees?
Is it customary and legal to charge interest on delinquent rent and fees? In the lease provided with his book on managing rental property, @Brandon Turner, includes a clause requiring 18% interest per year on delinqu...
James Marszalek
PLOC Bank Referral Needed
Hello everyone! I've got a single family rental in Spokane that has positive cash flow. I'm interested in getting a Secured Line of Credit for about $1,200 to accelerate the mortgage so I can pull a HELOC later down t...
Oneil Guntner
Roth 401K Match versus save up cash at a more rapid pace
I have been contributing to a Roth 401k at work. In order to get the full match I put in 6% to get a 4% match. It has built up to almost $9,000. I read Scott Trench's Set for Life for the second time the other day and...
Demetrius Pettway
Ways to accept rental payments from tenants
So i am getting ready to close on a duplex which comes with a tenant in one unit. My plan is to househack it and live in the bottom unit. Any advice on how I should collect rent? Are there websites I could use to help...