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Tenants moved in in Apr with low credit score and not very sufficient income. I rented to them because his mom co signed and lived just couple of doors away in the same community ( What a lesson! I should never rent t...
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We just had one of our investor partners send us this article. Not sure she realized that by today's standard this article from March 2013 is old news but I thought it would be interesting to see what those of you i...
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Hi BP family, Does anyone start off a new tenant with a MTM term or maybe a 3-6 month lease before committing to a full year lease ? In an effort to make sure you are happy with the tenant and is a good fit ? I Ha...
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Hello BP,
I have been reading a lot lately about note investing and am understanding more about it yet I am unsure of the next step for my situation.
I have a note for 15000 from 2005ish that was paying...
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My tenant's lease expired June 1, refuses to sign my lease. I presented him prior to June 1 and he shot back that my lease was full of holes while it is a simple residential lease. He is now month to month and my la...
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I heard a rumor that commercial lenders are asking about forbearance. Specifically, if you had to ask for forbearance from your bank since it indicates a borrower has less than a stable financial position. Anyone else...
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I was planning on putting in an offer on a Short Sale property as a wholesaler. I have Buyers very interested. The banks DO NOT require an EMD, yet the Realtor is asking for earnest money. Why is this? I am trying to ...
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I have a few rental properties as of now and I am looking to purchase another one in the near future. However since I became a member of BP I have read a lot about the 2% rule and out of my 5 rentals, not one of them...
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At great personal cost, it appears that my wife and I will be receiving an inheritance sufficient to pay off our house and possibly allow me to retire very soon. What are the tax implication of such a transaction? W...