Ruoxi Xie
New member from NYC to invest in student housing
Hey AllThis is Ruoxi. I’m a new member to the BP forum. I work as a Structural Engineer/Project Manager in NYC. You could say I know a thing or two about real estate but being a landlord on the side is definitely a di...
Account Closed
Interesting Tenant Proposal
I have a 4 bed 2.5 bath SFR listed for rent in a B+ to A neighborhood that is in great condition. I typically like renting to families as they tend to stay longer and a lot of times fix little things themselves becaus...
Luke Carl
Inherited tenant problems
Tenant was extremely unhappy last month, which was my fIrst month as owner, when I imformed then that their lease says there rent is $570 as opposed to the $520 they’ve been paying for 8 years. I called today (The 4th...
Daniel Pierson
Buying out of state rental properties
Hi Everyone, I'm just getting started on my investing path, and I've decided to seriously consider looking at single family rental properties out of state. I know there's some extra risk involved with this route, but...
Maria G.
Cat dilemma... to allow or not to allow
Hello,I know there are many opinions, but I still want to hear them. I have so far not allowed cats in one of my properties (condo) but there is a seemingly good couple who has applied and has an indoor cat, so I'm de...
Nathan Gesner
Are property inspections/registration required in your market?
This is not uncommon for vacation rentals, but now cities are starting to enforce it for long-term rentals. Has this happened in your area? Do you think it's a good thing?https://triblive.com/local/wes...
Rohan J.
I still don't get why Homeowners would sell via Seller-Financing
Hey BP,I've read a lot about the pros and cons about buying rentals through seller-financing, and I'm still unclear on why a seller would be interested in selling his property through this method. I'm trying to better...
Chris Mason
Oh yeah, the "Due on Sale" clause is now LLC-friendly, sometimes
Totally meant to post this like a year ago. On page 292 of the document, which is page 309 of the PDF. That link is to the servicing guide for Fannie Mae loans that was updated on 11/8/2017, so the page number and inf...
Rennie K.
Tenant not signing the lease
I am fairly new to this site and have a basic question. Recently, I rented a unit to a person who has paid the deposit (one months rent) in cash along with pro-rated rent for the part month (that he moved in). Since...
Robert Steele
Gross income 3x rent too simplistic
I see this metric of gross income should be 3x or 4x rent and cannot see how this can possibly be useful other than a preliminary "should I even bother looking at this app".
I think a more useful metric would...