Janie Vowles
Asking tenant to provide credit report
Has anyone had success with asking a tenant to provide his/her own credit report when s/he returns a rental application? Landlords cannot charge tenants an application fee in Massachusetts, and I am thinking it is ea...
Ally H.
Advice Appreciated: Can Lender Decrease Credit After Rate's Locked?
Hi fellow BPers! After much learning and analyzing, we finally closed on our first home this week! Now we have a slice of paradise in Hawaii....but have some questions for those who are familiar with purchasing RE her...
Mike A.
New York credit and background check actual fees
We use a third party to run the credit and application fees. They charge $29.95 for both. We do not collect the money, the third party does. One potential tenant just callled and said we are not allowed to charge $29....
Anthia Rymer
Loan Originator vs. Bank
After months of researching, I am ready to start investing in a Multifamily! Can someone please share the pros and cons of going to a bank vs a loan originator for a mortgage? I just started to discuss mortgages with ...
Tara Montgomery
Seller Financing Advice & Feedback
Hi I am considering offering seller financing for a property and want to get ideas on terms to offer and a general experience that any bigger pockets members had as this would be my first time offering this. My initia...
Keith White
Starting a property management company suggestions please
In the last few years me and my wife got into the real estate investment world, me with flips her with property management and getting her real estate license. She managed 45 properties for a guy in town but recently ...
Willie L.
Option to Purchase
Does anyone know if an option to purchase can be written so that it also gives the buyer the right to have input over how the land is managed before it is sold, or the right to presell property on the land before it i...
Jill Clark
New landlord of a 4-plex
Hello!
This is my first post although I've been reading up for a while now.
My husband and I will be closing on a 4-plex which we will be owner-occupying within the next few weeks and I'm looking for a bit of guida...
Paul Anthony
Handling Large Option Fees - Use Escrow?
What is the best way to handle large option fees of 15-25k? I want tenant/buyers to have peace of mind. Can it be sent into an attorney's escrow account and then immediately disbursed? I would just feel more comfortab...
Holden Latimer
Escalation Clauses
Was reading this article today and read about something I had never heard of before. Escalation Clauses. Basically the author describes using this strategy when the buyer's agent asks for best and final offers. Rather...