Amit Sharan
Buying Subject 2 / seller financing - Refinance question
I've decided to give a try to buying a property using seller financing, in this case "subject 2" existing mortgage. Here is how the transaction is being structured.-The seller would first transfer the house into a new...
Tatiana O'Hara
Tenants want out of lease because of roaches?
I have tenants living in a townhome in Georgia. From the very beginning they've been a headache and I should have walked away.. They started a lease and canceled it same day prior to moving out. I let them break the l...
Dawn Hall
SDIRA Rental Property Security Deposits
I have an SDIRA LLC with a business checking account and am about to purchase a rental property.
Do I keep the Security Deposits in the SDIRA checking account or do they need to be kept separately?
I'm considering m...
Stephen Homes
What to do when some of the tenants in a rental leave?
I have a NJ rental (good 5 bedroom rental house, but not so good neighborhood and therefore not so good tenants). 3 adults, 4 kids and pets. 10 months prior to the end of the lease (All 3 adults signed one lease. No i...
Ed Register
Structuring the right deal to purchase
Does anyone have any good resources for determining the best method for structuring a deal to purchase a single family house. I have a decent understanding of flipping, wholesaling, lease option, sub2. But looking f...
Mike Koscielak
What to do with money while saving for a downpayment?
I'm brand new to this forum and I'm amazed at how supportive this community is of one another. I'm about 100 podcasts in on both Bigger Pockets podcasts and the How to Money podcast combined, plowed my way through the...
Erin N.
First day of lease period - tenant no show
I have a strange situation, and I'm not sure how I should proceed. I have an executed lease with a tenant to start July 6 (yesterday) for 6 months. He is coming from out of state and is here only temporarily. He pa...
Brice Alef-Torrisi
New Renter First Month Rent and Security Deposit Handling
Hello Everyone,
I recently bought a 3-unit investment property in Michigan and have plans to rent out one of the units to the sister of one of the neighbors. I have her staying in the one br while we renovate the oth...
Charles Mangum
Do you pay mortgage on the first of the month or just before the 15th (or before the late fee is assessed)?
My mortgage coupons state that the payment is due on the 1st and after the 15th a late fee will be assessed. I started to pay them on the 14th, however, I received a voice mail from the bank that the payment was late...
Davis Molnar
My First Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $15,000
Presenting a charming 4-bedroom, 1-bathroom residence situated in Toledo, Ohio, just...