In November, I fired my property manager for general ineptitude.  On December 1, a tenant abruptly moved out with no notice.  When this tenant signed their lease last spring, they pre-paid their last 3 months Mar '18 ...

I have a potential tenant who just sold his house and wanted to pay for a full year up front on one of rental properties.

My first instinct is that this sounds great.

What issues should I worry about, if any and wh...

Hello,I purchased my first property recently. In the closing costs, I prepaid for 1 year of property insurance. In this case, I would assume I would not be paying monthly insurance premium for the first year, because,...

There is a lot of confusion about what comprises closing costs and prepaids and understandably so. I see a lot of posts on Bigger Pockets asking if I should refinance because my closing costs are XYZ. Often, these num...

Hello BP,I've inherited some unsavory tenants. I was mostly fine with it because all the leases were going to be up in July or sooner. HOWEVER, I was not aware about just how bad it was.Tenant 1 - wanted to talk to me...

We purchased a building in Jan with a bad tenant in Chicago, IL.
The previous landlord had a simple 2 page lease without information about security deposit, etc..

Now that tenant is suing us for not disclos...

Hello Investors,I am looking at 1-4 unit deals in South East PA outside of Philly.  My question is about estimating total settlement costs as the buyer.  The settlement charges consist of 2 main categories: closing co...

Is it true that down payments, closing costs, or prepaids can never be rolled into purchase price of an investment property?

Anyone accept a year rent upfront and provide a discount...potential tenant is asking?  If so, what amount of discount do you use?

Hi BP - I am buying an investment property for $90,000 with 25% down. All of my costs are below. The closing costs seem VERY high. Is this a reasonable amount to assume paying?Purchase price: 90,000Borrower closing co...