Matt Liu
How to instate a new lease upon purchase
I bought a property at tax auction. The tenants have year leases ending February. Can I come have them sign a new month-to-month lease starting June 1st that voids out the previous leases? What language would I hav...
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...
Nate S.
Multi-Unit Property Securing with VA home loan rules questions
I got out a year ago, but I'm already refinancing my own house into my name, I inherited my mother's house. My long term goal of next year is to buy a 4 Plex with a VA home loan. Now discovering VA rules on buying a 4...
Corey Barnes
Pre-foreclosure experience anyone??
Essentially, the previous owner has passed on, His family is in a distressed financial situation. The previous owner passed without a will or trust, so the property is intestate.
The family couldn't afford a probate ...
Yosef Fares
House priced right to flip. But Long term tenant. What are options?
There is a property on the MLS listed well below market value and comps are priced right for a good flip. The listing agent says in his remarks "Investors Only. Long term lease in effect until 3/2018. Owner has instal...
Curt Bixel
What happens with lease when property manager leaves
Last summer, I had a property manager place tenants in one side of a duplex. The lease was between the property manager and the tenants and does not reference me at all. Things did not go well between the property m...
David Rogers
Cleveland Comtesting Property Values
I contested the value of 2 of my properties this last year and won both reviews. The county adjusted the value of each house to my purchase price but neither mortgage has adjusted their escrow to reflect the change. B...
Jacob Youtz
Written lease, verbal agreement, and Roaches
I have a written lease with tenants renting one of my single family properties. The lease says if they don't give 30 days written notice before the end of the lease, it will renew for another term of 12 months.About t...
Patrick Mahoney
Buying a Second at a Foreclosure Auction
Hello,I recently found a home in California that has two Deeds of Trust on it, the first being a mortgage and the second being a line of credit. The Trustee for the second (the line of credit) is foreclosing on the ho...
Pete Abilla
Delinquency rate triples in US commercial mortgage market
Posting this without comment - but am curious to hear your thoughts on impact on residential mortgages and impact on multi-family.https://www.ft.com/content/b8eac068-e7c9-42ea-b9bf-6e2b4666f5c3