Troy Welch
Legal Advice-1st Position Lender, Borrower Filed Ch 11 Bankruptcy
I have invested a large sum of money with a company (individual with
LLC) who has filed chapter 11 bankruptcy. I am the 1st position. I was
prepaid 1st 6 months of interest. 8 months have passed and no
additio...
Account Closed
Is Holding Deposit Necessary If Lease Is Signed?
Hi all,
Tenant signed my lease today for move in August 1. Deposit and first month's rent is due before keys are handed over on 8/1. Since the lease was being signed I did not think to collect a holding deposit and...
Jan Walczak
What are SCALABLE STRATEGIES for repeat real estate investing?
Hi everyone! What are your SCALABLE STRATEGIES for repeat real estate investing without renovations? ex. only buying condos or ready to rent homes.Do any of you have recommendations on SCALABLE STRATEGIES for repeat r...
Kayla Bassett
Rental bank accounts?
Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...
Alvin K.
Cash offer closing in 20 days, line up mortgage mechanics
Hello,
First time poster - seeking advice.
Current situation:
- Primary home on sale but not yet sold (could be a few months)
- Found dream home in hot market. Had to tender cash offer. Only way to secure cash wa...
Cameron Philgreen
Where do you store your security deposits for growth
Random question! It's just recently occurred to me that I'm regularly holding $10k+ in security deposits. I'm sure many of you are holding $50k, $100k or $200k in security deposits. What would be a good place to pu...
Christos Philippou
HELOC/Purchase guidance needed.. under construction
Hello everybody, total new guy here, so let's get the eye rolls started haha.Just had a few quick questions about a specific scenario I am running into with my recent RE endeavors. I purchased a property from my fathe...
Doug Wade
Tenant Wants to Break Lease
Tenant signed 1 year lease in January at $975 a month and now wants to break lease to buy a house. What are my options. Say no and force to honor, until rented? Then I have a January vacancy in a small town.Let out an...
Greg Laforge
Bounced Security Deposit but Assisted Rent Check Deposited
Hello,I've recently signed a lease with a new tenant. I made the mistake of accepting a personal check for the security deposit. I now know never to do this, please spare me and help with my current issue at hand. Th...
Robert Hernandez
Help vacant unit was broken into!
Hello BP family,I just had a vacant unit broken into by some homeless people. They were in the unit for about a day and saw people in the unit and called the cops. They left before the cops arrived. The damage was low...