John Foster
Experiences with Lease Options
Hey Everyone,
I'm considering lease options as a future investing strategy and am curious to hear others experience with it. Do the tenants often buy the house at the end of the deal? How long do most lease options g...
Eric Jones
How to Calculate Payoff and Arrears on Non-Performing Note
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Tara G.
Rehabbers: What is your average net profit per project nowadays?
Ours range from 8K when we first started 5 years ago to about 30K for recent flips.Averages about 18K-20K. This is net, after all selling costs.
Xai Xiong
A current member of BP just offered to be lender out of the blue.
Has anyone heard of Zenith Private Loans? I googled it, and it comes up as a scam. Maybe I should stay away? We sent few emails back and forth, I requested a Facetime or Skype connection and it's been 3 days now with ...
Charles D.
Need recommendation on firing and hiring new property management
Hi, my wife has a house in Tacoma Washington. The property management she has does not do a good job. They keep the rent from the tentan and said the money was spent on maintenances which she was not notified. She has...
Yvonne H.
Constant Complaining Tenants
I had heard about tenants like this, but these are the first ones of my own. The Constant Complaint tenants. I just sat down to make a list of the many complaints they have expressed to me in the past year of their te...
Sarah Karakaian
Our First Multi Family - And We Were Duped
Well, we just closed on a 4plex. We did everything we were supposed to. We used the calculator. We calculated for CapEx and even put aside 12K for each door for emergencies.We hired a home inspector.Thank goodness we'...
Drew Osifalujo
Screening Your Own Tenant w/ Property Management Company
I have property that i have recently rehabbed and that I am about to being marketing for tenants through my PM. While I am a big fan of using a PM for day to day activities, the first month's rent that is charged fo...
Gargi D.
Advice on paragraph of the FHA Financing Addendum I
I was to purchase a condo in Washington DC this month. I had a pre-occupancy contract which expired the day before the FHA certification and financing. The contract ended as it was to be the settlement. The sett...
Gary Baker
Tenant's father causing a caustic atmosphere in Student House
Hi BPLooking for advice on how best to handle this situation. I signed a contract with a student who is over 21. Since he moved in, his father is accusing us of doing a variety of things and has become rude in commu...