Brandon Stewart
What do you use to pre-screen your tenants?
I need to pre-screen applicants to see if they would make a good tenant for a lease option. I need to pre-qualify applicants to see if they could make a good tenant AND get approved for lending before the end of the l...
Ernie Hogue
How are option fees taxed?
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...
Susan O.
Sold 1031 property in Sole Proprietor self Name - Buy in LLC name
I have a property I sold and doing a 1031 exchange and about to purchase my upleg.
When I close on the upleg property can I change title to an LLC that i'm 100% owner?So is it possible if I sold and the property was ...
Tekoa Glover
Am I entitled to a denial letter
I want to know if I am entitled to a denial letter if I am denied a DSCR loan. One week before closing the lender decided that I had not owned the property long enough. They said for me to come back in 3 months, becau...
Kevin Aljic
Real estate lawsuit
Hello, I am looking for some advice before I start reaching out to an attorney. This is full disclosure and will tell my side as best I can without writing a book.
I am a real estate investor and sold a property ful...
Paul DeSilva
Response letter to prospective tenants
Hey BP,First time poster,I'm trying to draft a boiler plate letter to email to prospective tenants. Any ideas on how to address them, what to include in the letter and any other info needed. I'm trying to get away fro...
John Melenski
I need a company to pull a tenant background and credit report
I am a landlord with 1 unit. I am looking for company that will allow me to pull Tenant credit and eviction history reports.I used to use Kroll Factual Data. Since I didn't pull for 1 yr, they closed the account and...
Mathew Wray
Portland, OR Residential Infill update
Got an update from the city on the proposed Residential Infill Program including some updates and some links that I wanted to pass on:What is this project about?Residential Infill Project is updating Portland’s single...
Mauricio Ramos
Tax advantage on interest only?
Hello BP,I am working on a deal with a seller willing to owner finance a 6plex. As part of my terms, i am asking for 12 months interest only at first and then start paying off the loan to the seller with interest. The...
Jacob Hafer
Rental Application Process for multiple renters
Good morning! I am first time investor and am currently going through the rental application/property showing process. My question is that with the Rental Application, there is a $50 fee paid by the renters. Is this a...