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Results (10000)
Carlos Rodrigues What's a promissory note?
29 June 2016 | 10 replies

I'm taking my real estate course to get my license. And we we're spoke about promissory note. My professor summed up what it meant, and I didn't get the chance to have him clarify what it means exactly. Maybe a exampl...

Anthony Leodoro TROUBLE SECURING HELOC BECAUSE OF Debt/Income RATIO- NEED ADVICE
26 July 2024 | 5 replies

I am trying to leverage my home's equity to access investment funds but I've run into a road block. I have tier 1 credit and according to the bank there's roughly $140,000 in equity in my home, but my debt to income r...

Kayla Bassett Rental bank accounts?
17 December 2022 | 4 replies

Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...

Nancy Todice Who gets sued in small claims
23 December 2022 | 4 replies

Although I have been a landlord for many years, I do have a question, A tenant is suing for a security deposit. The property is deeded to an LLC but the tenant made all checks from 2016-2022 including 1st, including t...

Ben Naughton Prorated Rent at Closing
10 August 2015 | 7 replies

Im getting ready to make my first offer on a quadraplex here in FL.  From what I understand from reading is that it's desirable to close on the 2nd, 3rd, or 4th of the month in order ti collect prorated rent from the ...

Brandon Turner How to fill vacancies?
25 April 2010 | 6 replies

Hey folks,

Just wondering if other landlords can share their experiences in filling vacancies. Any creative ideas?

Jesson George Securing Financing for a 3-Unit Multiplex in Hartford, CT
22 August 2024 | 6 replies

I’m purchasing a fully renovated, vacant 3-unit multiplex in Hartford, CT, for $450K. The anticipated rent per unit is $1,700-$1,900, annual rent 68,400
I’ve been quoted a 7.125% rate on a 30-year fixed mortgage from...

Wesley W. Tenants with no security deposit
15 March 2015 | 10 replies

Hello All,I'm seeking the collective wisdom of the BP community to try and get some insight on a situation involving a pending RE transaction.  Here's the scenario...We are currently under contract to buy a few rowhom...

Riaz Mohamed Seller financing as a second mortgage
27 May 2019 | 5 replies

I have a potential buyer who is willing to pay the asking price for my house, however they are approved to get $30k short of asking price. Can I give a sellers finance as a second mortgage? I’m not sure if that is do...

Jon Kelly Tenant concerns about security deposit & last month's rent
22 May 2016 | 9 replies

Hello, I'm very close to securing my first tenant and he happens to be a grad school student. I am asking him to pay first & last month's rent and a security deposit up-front. I understand that this may be a lot o...