Just found out from my local recorder's office that my tenant's failure to pay his federal Income taxes has caused the IRS to place a $25k lien on MY property! There is also another Lien for $5k from a local hospital....
BAD DEAL:I signed a purchase and sale agreement for a home in Chattanooga, Tennessee, Orchard Knob, on the southern end. The property is a single family, 1300 SF, 3BD/1BA, got it for 65k, anticipating $1000/mo in rent...
Just had another "wholesaler" send me a PM through BP. They have a house on Marco Island they need to sell "fast". I queried them if they have it under contract. The answer was "yes, we do". I then asked for comps. Th...
Hello,
I am newer to wholesaling and haven't completed any deals yet. I accidentally have come across a deal that *may* be worth pursuing, however I need your advice.
Property is listed at 159k, however the realt...
ATTENTION LANDLORDS!SBA Economic Injury Disaster Loans (EIDL) are eligible for Rental Property Owners.Standard SBA Loans are not available for passive income (except Hotels and Self Storage)... THESE ARE NOT NORMAL SB...
Hi there, first post on BP but figured this would be a good place to get some advice. I have had a tenant for roughly a year now, and we do not allow pets (unless they were there when we purchased the property) she ha...
Hi everyone, my name is Avis Durant from Naperville, IL. I am new to real estate and looking for as much knowledge as I can possibly soak up. So far BP has been an excellent resource for all things real estate relat...
Hi all,
This is my first post, I am a long-time reader of the site; quite impressed!
I am relatively new to the REI landscape also; we just bought an additional property, and our first we have owned for almost a yea...
Rental real estate is traditionally an excellent medium-to-long-term investment from a financial standpoint. But the idea of dealing with difficult tenants is at or near the top of the list of why many investors do no...