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Buyer Not Making Payments on a Seller Financed House
I bought a property in IL few months ago which I sold it to another buyer on seller financing (AKA Contract for Deed).The seller is going through some sort of financial issues and is not able to make this months mortg...
Melanie Hartmann
Quit My Job and Plan to Wholesale
Hi All! I had to share. Against all conventional advice and wisdom, I've just quit my job. My fiance's job brings enough for us to cover are needed expenses and I have about a year's worth of savings built up on top o...
Juan Nieto
Cash for Keys - looking for suggestions
How do you typically structure this offer? I have a tenant I want to do this with, but I want to make sure I structure this proposal the best way possible. My tenant is month to month. I know I can do a 30 day noti...
Sean Lovan
Anyway around getting an FHA Loan without 2 years of W2
I just talked to a lender and he states that I wouldn't be able to qualify for a loan due to not having much credibility from my W2 statements.The previous two years I wasn't really working. I was in college and didn'...
Sean Barber
Syndication Tax Filing (Filing State Tax Returns
Would love to hear from some experienced syndication investors. Do you file a tax return for every state listed on the K-1 where the partnership has property? Even if there is a loss. Why or why not? What are the adva...
Jonathan Perez
Any advice or pointers on evicting a tenant South Carolina?
Just closed on my first duplex last Tuesday. And the side I'm supposed to be moving in, the tenant hasn't paid rent and my PM is filing for eviction. Tenant was on a month to month lease and was already given a notice...
Wilco Ravestijn
Periodic 2 month Lease vs 2 year lease
Let me start out with saying I know I should probably replace the tenant however, I'm curious about my short term options.We're 6 months in to a 2 year lease. He's paid late every month and always in 2 installments an...
David C.
Enforcing use of biodegradable laundry soap
My wife and I are closing on a house with a guest home we will be using as a house hack and preparing to list one unit for rental. The unit we will be renting out only has a gray water drain in the laundry room. For t...
Calvin Lin
Holdover tenant from last owner, not paying any longer
Hi,I purchased a 3BR condo in Raleigh, NC closing on 9/25/2015. There are 3 tenants in the condo and one of them mentioned to the last owner that he was leaving by end of Sept. During closing the former owner asked ...
Mehran K.
"What If" Section 8 Were No More
Hey there community!
I'm closing on a property tomorrow and I'll be inheriting a Section 8 tenant. I always like to think about possible "What If" scenarios and it's got me thinking. I ponder, how would it af...