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Results (1591)
Nina Zou Tenant paid late 3 months in a row
8 October 2019 | 9 replies

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...

Crystal Smith Mayor's Plan for Chicago
11 January 2015 | 10 replies

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...

Daniel Okeefe start new tenant with MTM or year lease
4 April 2023 | 10 replies

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...

Todd Miles holding a Non-Performing note; What would you do?
8 November 2013 | 13 replies

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...

Eric W. [NYC] Tenant refuses to sign my lease
9 July 2021 | 16 replies

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...

Gregory Schwartz Negative affects of forbearance?
27 April 2020 | 23 replies

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...

Louise Whidby Banks not requiring EMD for Short Sales
9 October 2013 | 19 replies

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 ...

Heath S. 2% Rule?
18 July 2014 | 25 replies

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...

Mark Sacandy Paying Off a Mortgage With An Inheritance
30 April 2023 | 15 replies

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...