Nicholas Rice
Should I buy my parent's house for the equity?
Hey BP! I am just starting out on my real estate investment journey and I need some advice. My wife and I have the opportunity to buy my mother-in-law's house for a good deal. She is willing to sell it us for $250k, a...
Angela McCall
Landlord-initiated ACH; erentpayment.com?
Hello, I"m a new landlord--though I have been a business owner (and employer) for many years, so I "get" a lot of things that you all deal with as landlords. And I really appreciate this site!! Does anyone have l...
Rebecca Stephens
Flip or Flopped! First deal underway - Looking for feedback
I got really excited about diving in to my first flip project and didn't have enough money to start from scratch. I signed an agreement 4 weeks ago to loan money to and help manage on-site to complete the rehab for an...
Troy Michaels
Strategies used to prevent your deal from being stolen by buyer
what are some strategies being used to prevent your buyer from stealing your deal. (waiting out or failing to close and stealing your deal).
Kyle Affronti
IRS 1274 Due Upfront on Hard Money Loan
I have a friend who has been in talks with a hard money lender. On a $400,000 Hard Money Loan.He already received a PPI of $12,000 and now he stated now that my friend needs to pay 6% of the loan which is a 1274 Tax p...
Tim Roberts
Unpaid Rent from a Previous Tenant
I recently received a check in the mail from a tenant that moved out three months before their lease expired. Shortly after cashing the check the previous tenant texted me and said they were going to sue me for steali...
Jeremy Anan
Dealing with a Tenant Disconnected for Unpaid Electricity Bills and Stealing Power
Hello All - I'm currently facing a challenging situation with one of my tenants and would appreciate some advice on how to handle it appropriately.
Background: The tenant in question has had their electricity discon...
Clayton P.
Cease and Desist message from local police re: foreclosure help mailer
Hey all
Got a voicemail from the local police, saying You need to stop right away the "help with foreclosure" messages (yellow letter'd pre-foreclosures with auction dates in the next month or two) yadda y...
Chootar Laal
Tenant trying to use security deposit as rent payment.
My tenant for the past few months will be leaving in 2 months and I already have his last month's rent but he is also trying to use the security deposit (which is equal to a months rent) as the 2nd the last month's re...
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Bad Hoods
Hey guys, need some insight on this.. There are several homes in my area, around $15,000-$30,000.. But they are in crap neighbor hoods.. Is this a gold mine, or not.. It seems no-one wants to do anything with thes...