I have an applicant who has an college age child living at home during the pandemic while college is remote. They said the child would move back to college once its in person again. My policy is typically anyone over ...
I've had tenants in a SFR for almost a year. It is 3 adults and they all are signers on the docs and had credit history pulled on each one of them. It is a father, his adult daughter, and a family friend. They have pa...
Hey All. I'm going through and eviction process and have decided to garnish the tenant's bank account. Yes, I realize this is a gamble with crappy odds. However, I felt it was my civic duty to document this scumbag...
Has anyone used a Shared Equity agreement to purchase real estate that will be used as primary residence by 20yo daughter in college? Basically I want to use our LLC to purchase a rehab property near her school for he...
I was a co-borrower on an FHA loan for my daughter’s first home a Duplex. A month into this, and after being approved, under contract, inspections completed, two weeks till closing, the lender calls me and says “we’v...
I am a newbie to real estate and I want to get started this year. I want to try house hacking and using an FHA loan. I want to invest in Long Island, NY, but the prices are so high with most houses above $200,000.
I ...
Hey All,
So heres the breakdown of the situation. My girlfriend and I are looking for tenants for our first rental, and stumbled across a renter that wants to do a 2 year lease.
First thought is HECK YEAH! secure mo...
Hi,
I have prospective tenant who has good rental history/income and credit score. Her parents will also be on the lease. The problem is that her Dad has filed for bankruptcy as his house was foreclosed. She ...
Hi all,
I'm renting out a SFH, where I'm specifying that tenant monthly income must be 3x the rent. I've showed the house to a nice older couple, no pets, but the 'gotcha' is that the husband is out of a job...
Hi BP,We are new to property management. We took the leap last February and purchased our first duplex. There are two one bedroom apartments. The downstairs tenant is an elderly lady. Per the previous owner, the ten...