Steve Smith
Financing a Short Sale with Repairs in IL
Full disclosure I am a short sale newbie. Situation: I found a deal in my area, far north suburbs of Chicago, and was planing to fund it via a conventional mortgage live in it for a couple of years and depending on t...
Sharyn Umaña-Angers
Too good to be true?? Has anyone had this experience before?
I have a SFH in Southern California that we are trying to sell. The tenant has just moved out and we can now begin repairs. A local woman who has lived on the same street for many years has offered to pay us $1,500 pe...
Melanie Liu
Builder wants to cancel contract. What can I do?
We signed the purchase agreement back in December 2020, and it was scheduled to be completed by 4/15/2021. However, the builder has been delaying the building, and recently we were told that they wanted to cancel our ...
James Wise
TENANTS FROM HELL #2 Tubs & Showers from hell. PICS INCLUDED!
TENANTS FROM HELL #2Tubs & Showers from hell.Running one of the largest rental portfolios in the Cleveland, Ohio area I have managed 1,000's of properties & dealt with countless tenants. In short, I have seen ...
Allen Gross
I had an idea, but not sure it is a good one....
Listening to various podcasts, one of which is BP Podcast 356 with Joe Asamoah, that talked about landlord and tenant relationships got me thinking. Joe gives out gifts and flowers and such to his tenants. I really li...
Jon K.
What's everyone working on?
Having some cheap champagne and felt like being social. What are you folks currently working on? I'm personally trying out a new (to me) gc on my latest BRRRR deal: A little SFR that will cash flow nicely once its sta...
Luke Carl
Thoughts on placing this tenant
Great job 809 credit score. 12 hits on criminal record the worst being battery with intent to cause physical harm (3 counts total) and Burglary of a Dwelling. Both of these were in the 90s.
There was another battery ...
Isaac Chun
STR, LLC or no LLC that is the question
Hi guys and gals,I’m contemplating doing Airbnb arbitrage in my area. Just to be clear, I’ll be leasing apartments and homes to host Airbnb guests. I am not clear on if it is necessary or perhaps advised to start this...
Joseph England
Pitfalls of a 12 BRRRR Property portfolio loan in your 1st year
I was very successful in doing over 20 rehabs in my first year. For the first 12 rental rehabs I completed, I chose to go the route of refinancing these through a portfolio loan from a local bank. This ended up being ...
Erik Gardea
Denying Tenant Applications
Im really new to the landlording game, and im trying to get clear information on how to properly and legally deny a tenant application. I am aware that in my state, Minnesota, If the landlord accepts a screening fee t...