Jim Bowser
Can you do a short sale in a redemption period?
I had always thought you had until the end of the redemption period in redemption states if no one buys at the auction. I had a short sale pending with Shellpoint and they wouldn't postpone the auction, it was held a...
Michael Williams
Reinstatement of Anti-Flip Rule
What is the creative solution around the re-reinstatement of the anti-flipping rule? Is owner financing the best solution or are there others? This would also be a great opportunity for small banks or some other lendi...
Scott Toledo
KY Law on Early Termination Fees
Hi Everyone,My finance and I are new to the forums and have a buy and hold investment duplex in Covington, KY. We just received a 60-day notice that our tenant (an Airbnb host) is going to terminate her lease early. ...
Paul De Luca
Reducing Tenant Rollover Risk
Property #1 - duplex
Unit 1: lease is 10/15/20 - 5/31/21 (7 months)
Unit 2: ??
Property #2 - duplex
Unit 1: house hacking
Garden unit: lease is 12/5/20 - 7/31/21 (8 months)
I just approved a renter for Unit 2...
Keith Richardson
Raising rent after acquisition on 4-plex with tenants in place
I am acquiring a 4-plex in Texas that has tenants in place. The seller just renewed the leases 4/1. The rent is well under market and I would like to raise it accordingly. As I understand it these leases will transfer...
Ricardo S.
How can I make this Triplex Deal work? - Philly
Hey BP its been a while..I have a potential deal on a Triplex in Philly. My plan is to occupy one of the units as per the requirements of FHA within 60 days of closing. Now the issue is all 3 units are currently occup...
Lisa Kimberly
Company 2 Verify ARM Mortgage Amortization?
My current lender made some errors in calculating rate adjustments on an ARM for my investment property and not including information in the system when interest payment deferrals occurred in '07 and '08. Are there an...
Michael J Shabazz
Buying Right of Redemption, who owns claim to excess funds?
If right of redemption is purchased from an owner whose property deed was sold at tax sale, do the excess funds (if any) belong to the purchaser of the right to redeem or the owner before the tax deed was sold?
Kevin L Owens
Old lease with former owner vs. new lease new owner
Hi,Any thoughts on maintaining existing lease agreements with current tenants versus using a lease particular to one’s own lease language, particularly if rent stays the same. I’m new to this and thinking that I’d wan...
Jane S.
Angry tenant Lease Expiring
Is it a red flag if tenant refuses to respond to my phone, email and text messages? Her lease expires last day of this year. I offered additional 2 months on a 12 month lease so they could enjoy holidays, since findin...