Sandy Uhlmann
Journey of a newbie 2nd lien owner-Foreclosure Sale Question
I purchased a note in 2nd position several months ago. HELOC with original amount of $100,000 UPB of approx 75,000. First is current with UPB of just over $100,000. House seems to be worth $170,000+. Homeowners cur...
S. Perry
Handling late fee notifications
Rent is due on the 1st. I offer a grace period of sorts through the 5th with no late fee. Once the 6th comes there is a $50 late fee and then $10 each additional day.I have had to collect this once ($60.00). Tenant ne...
Jason Minnich
Non-Responsive Property Manager what to do?
Hey guys, I have a bit of a situation and I hope you all could give me some advice on this issue. I am active duty military stationed in Ohio and I have a SFR in California that I finally have rented out with a prope...
Rich Weese
flood insurance,fire insurance or none-
A recent post questioned whether owners buy flood insurance. There were a few posts and replies.
I've owned properties and paid insurance on well over 1000 homes in the last 40 years. Do you know how many insura...
John Thedford
Our REIA Meeting With DBPR: re what is unlicensed brokering
We had the REIA meeting yesterday. DBPR was kind enough to send an investigator down and cover the topic: what constitutes unlicensed brokering. She did address one specific case where the file has been turned over to...
VAL A.
Is lease clause legal? Tenant questioning it.
I own homes in another state. I've leased them out for a number of years and always had the lessee responsible for full maintenance of the property as if they were the homeowner. The exception to that is I've paid...
Sarah Giffin
Hard money/private lenders that work with less than $50k loans?
Looking for hard money or private money lenders to provide a bridge loan for the purchase of a $45k rental property in SC while we get our funding in place. I will be taking a 401k loan to pay off the lender, but need...
Robert Rixer
The Long Term of Multifamily
I want to get the BP community's take: Where do you see multifamily being in 20-30 years time?Many of us on this sub-section have either gone into or fallen into multifamily investing exclusively so I believe it's wor...
Jason K.
Assigning contracts -- financing issues? Need a solution quick!
What happens when you want to assign a contract to a buyer/investor who will be buying the house in different terms than the ones you agreed to the seller with?
For instance: If I get a house under contract for 100K ...
Frederick Jones
How do you properly close on a sandwich lease option?
How do you close on a sandwich lease option without screwing up your option with the buyer. To make that question more clear, how do you close on a deal like this without the buyer finding out that he/she will be sub ...