Linda L.
What you should be concerned as 1st lien holder if there's 2nd loan?
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
Anthony Varner
they got a puppy
Hi BP people,The lease says no pets and tenants agreed to no pets. Thing is, it's a duplex and I live upstairs, so I can hear what's going on below. I've heard a puppy barking for a few days now and yes it's possibl...
Andrew Herrig
Help! Tenant wants me to pay hospital bills
For legal implications, this occurred in Texas (Dallas to be specific). I know laws vary by location.About 4 months ago, we had a bad rainstorm and water seeped into the bathroom through foundation due to poor drainag...
Aria Saha
Tennat leave the door open and I smell weed/marijuana.Marijuana
Someone please help me, as I am worried if my furnace will cost me lot to fix. I always have to go from the same route so I always see my rental house and every time I pass, I see the door left open. I am not sure wha...
Jeffrey Ward
Pre-Existing Option Contract On Rental
How does it work when you buy an investment property where the previous owner had an option to sell contract with the current tenant? Will the consideration payment be paid forward to me and then I am short an option ...
Heeyeon Chung
Seller refusing to provide financials
Happy New Year, BP Community! I am currently under contract for a 14-unit MFH property. I was told that the seller is old (in her 70s) and both the seller's broker and her attorney are having a hard time getting thing...
Nat C.
Who do I sue first?
I purchased a property in Dade County in 2013. The property was on the same parcel as another condominium building.The purchase contract stated this in the additional terms-“Seller, as a condition subsequent to closin...
Jay G.
Your client (Seller) wants direct contact w/buyers agent?
Imagine you're an agent who is constantly in the field and for whatever reason has limited or no access to email to expeditiously forward communications and documents back and forth during periods of time-sensitive ne...
Dennis S.
Suggestions needed for dealing with a Tenant
First, I apologize for the length of this post, but I feel some background is needed.Early this year I purchased a Triplex with 3 occupied units. None were on leases so I got 2 of them signed into a year lease pretty...
David Weiss
Sub2 + Wrap = Good Idea?
I have a question for investors who are experienced in both "Subject To" and "Wraparound Mortgage" deals.
I have a guy who wants to mentor me in the following investing strategy:
- Put a house under contract for a ...