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...
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...
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...
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...
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...
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...
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 ...
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...
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...