Joe S.
$10,000 against tenant pursue or forget about money owed?
So we did an eviction probably six months ago. Tenant owed over $10,000 which judge agreed that they owe us. We finally got the property back and spent thousands of dollars getting it back in decent shape.Should turn ...
Nat C.
Property manager lost his license and owes me money
I had 2 rental properties managed by All County management. All County is a franchise which is nationwide.
The owner/director of the franchise owed me several thousand dollars when he emailed me to inform me that he h...
Steven Binder
Strategies for Collections after Eviction
I am wondering if anyone has tips they can share for how to collect from a tenant after eviction. Tenants are eager to get an eviction off their record and landlords are allowed to agree to having an eviction recatego...
Logan Harrell
Checking on Taxes and Liens
I've been given the deed to a house(just got to go to lawyer and have all the I's and T's done) and I've found out the property taxes are delinquent. I've been trying to contact the circuit clerk about any possible li...
Jack Phillips
Need help with mortgages, liens, etc
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
Brad Collins
BP Lease Clarification - Fees for Complaint for Summary Ejectment
Hello BP,I have opted to use the Bigger Pockets lease agreement on my first rental property. I have been reviewing the lease thoroughly and there is one paragraph I don't exactly understand. It goes as follows: FEES F...
Albert Gutierrez
Best way finding pre-foreclosures, liens or money owed homes?
New to the area of real estate, looking to see what other people do to find pre-foreclosures, homes with delinquent loans etc? any advice
Jenny Nguyen
How to report money owed to landlord to credit bureau
Hi all, If tenant moves out but owes money to Landlord. Is there any way we can report it to the credit bureau as a company without filing at small claim court. I heard someone said it's possible but I don; know how ...
Rick Edgeworth
Custom Homes Money Owed What to do or Lawyer Up??
We have a custom home we contracted to built at cost plus %. The project has taken over a year and a half. This was approx 7k sqft and should have taken 8-10 months. Many different reasons for the time frame with the ...
Dean Baluch
Lender Can't Sell Loan - says I owe money AFTER Closing
I'm in a tricky situation with my first deal.I closed on an investment property in Georgia and about 10 days later the lender is saying that the deal violates a Fannie Mae guideline in that the cash back at closing ex...