Steve Candor
Warning: Bank checks and Certified Checks are NOT like CASH.
I just found this out and it could have been really bad situation.So we collected a certified check for the rent and security deposit. After the tenants sign the lease (guarantor has not yet), paid the rent, they deci...
James P. Malone
Income verification for retired prospective tenant
I’m looking for advise on how to verify income for a tenant who is retired. The information I have so far is a statement from Social Security verifying monthly payment and a pension payment. Both of these combined d...
Chris Stromdahl
Purchase Money Mortgages?
Are purchase money mortgages a form of seller financing?How are purchase money mortgage transactions handled?Is it a standard document used in real estate transactions?Should a real estate agent that works with owner ...
Martin Sterling
Bankruptcies and Notes
How do Chapter 13 or Chapter 7 effect a note you have purchased or about to purchase? What are the opportunities and procedures necessary to take advantage?Thanks in Advance
Tami R.
options for payment with new tenants
I have around 85 units and by next month I will be doubling my units and will have 175.I do not have a dedicated office for our real estate, I office out of my husbands and my construction offices/showroom. Which in ...
Rick Bradd
SDIRA buying partial note payment stream?
General question about the "leftover" funds in my SDIRA. Say I have made some investments secured by a deed and a promissory note and I have some leftover funds sitting idle in my IRA account, earning basically nothin...
Sreeni Guntupalli
Tenant rent check returned in GA
Hello All,
I have a tenant who has been paying rent regularly until December (in Cumming, GA). But, the January rent got delayed and I was finally paid by check which got returned due to NSF. The current lease expire...
Travis Evenson
Debt to Income is too high
I am currently investing in CA and live in Texas and would like to start investing in OH. My issue is that my debt to income is too high to secure another conventional loan. I have a friend that will invest with me bu...
Austin Weinman
Buying first duplex with renters already in place...
Hello BP, does anyone have experience buying a duplex with renters already in each unit? Each side has about 6 months left on their current lease and have been there for multiple years. I am trying to get an idea for ...
Account Closed
Cash Back at Closing
I have heard that in Canada, banks are not usually comfortable with deals that include cash back at closing.I can not figure out why. In my opinion, the banks should really only care if they are financing more than 80...