Carl W.
Tenant Personal Items
Hello all, I had repairs done in tenant's unit and they had a meltdown over damaged property. Tenant still seems to believe I am responsible for their personal items. (We've had a prior incident but tenant dropped it ...
Jose Ortega
COMMERCIAL LOAN IS DUE NOW WHAT?
Hi BP, My question is, after a commercial loan is due, for example 10 years loan with 30 years amortization. Then a balloon payment is now due for the remaining balance. What options are available in order for you t...
Paul Brady
Bank calculating rental income wrong?
I have two rental properties
One with a $5400 mortgage payment with $6600 in rents coming in after expenses ($1,200 in profit)
Another with a $2000 mortgage payment with $3000 in rents coming in after expenses ($1,...
Gabe N.
Tenant can pay rent but not deposit
Hi, I'm new to landlording but thanks to BP I think I have a pretty good handle on the basics. What this situation is though, is somewhat unique. Here's the story:So I purchased this property with 3 tenants already in...
La T.
Title search for Fannie Mae
Hello,Is a title search needed for a foreclosure from Fannie Mae? We will be getting title insurance anyways.Thanks in advance.LaTha
Trevor DeSimone
Promissory Note Written to Investment Group
Investment Info:
Single-family residence private money loan investment in Garden City.
Cash invested: $52,000
This is the second time I've acted as a PML; the connection was made on Facebook of all place...
Cameron Riley
Section 8 VS CASH TENANTS? Please share your comments
Best question all time: If you advertise a rental unit at a certain price, can you change that price depending on the persons • SOURCE OF INCOME •Example: I list a home for 1k a month, that’s for “ cash paying tenants...
Patrick Toma
Served an eviction notice, code was called.
So I served eviction notice and code was called (she told me her cousin was an officer and was being vengeful) the issues were addressed and the tenant was up to date on rent. If I tried evicting her I was told it wou...
Anthony Simboli
Making the numbers work!
All,My business partner and I are ready to make our first investment but have a few questions as we wait for our offer to be approved. At the highest level we are buying a 3 family house where we will occupy 1 unit an...
Nick M.
Would I have to pay taxes on selling the property?
Hi All,
Hope this note finds you healthy.
I'm selling a property which at the surface would make it seem that I am making a profit. However, after taking into account closing costs (from purchase and then sale), Ca...