David Fritch
Different Way of Handling Angry Voice Mails
I recently sent out a postcard that elicited some very angry responses; people obviously quite upset, 3 threats to sue, profanity, accusations of cowardice etc. 8 of the 11 messages from the mailing were angry. As a r...
Carlos Martinez
New Owner, Can I break a current tenant lease? (New Mexico)
Hello BP,I just closed on my first 4 plex using my VA Loan which means I have to occupy one of the units. I must move in by Jan 1, 2017. All 4 units are currently rented, 2 are month-by-month and the others have contr...
Alex Hamilton
Seeking Advice on Sales Subject to Existing Mortgage in Louisiana
I'm accused of not paying the mortgage for a home I was renting out. Whenactually the home was sold to to the plaintiff in this matter on a "Subject tothe Existing Mortgage" transaction. The plaintiff missed a...
James Solis
Looking for problems to build software to solve
Hi BP Fam,As I'm starting to transition into REI, I can't help but to also think of ways I can use my certain set of skills to help the space solve problems.In my day job I'm a fractional CTO/COO and service a handful...
Richard Jahnle
How to deny qualified tenants
I showed my rental unit yesterday and had 3 couples apply who all meet my criteria. They all emailed their applications within 4 hours of each other. They are all qualified but my gut tells me to go with the 3rd set o...
John Grover
"subject to" buying options
I am looking at potential liability of the following subject to deal. Scenario... seller went into strategic default on primary years ago.. he has been prolonging foreclosure via fraud claims against the bank.. al...
Account Closed
Tenant breaks lease for harassment...what to do?
Hi everyone,
I am a newbie in the landlord world. I have rented my condo to a tenant 2 months ago and he is moving out September 1st. He stated that he has been harassed by 2 of the neighbors (older women, co...
Nat C.
Eviction and judgement order out of nowhere
I previously posted a thread about having problems with my landlord and he wouldn't accept my rent and filed for eviction.In summary I had some arguments with my landlord about major issues not being fixed and instead...
Keegan Darby
MFH with 12.61% CoC ROI self-managed
I'm looking at a duplex for $170,000. Rent is $700/unit. My monthly cash flow would be ~$458 after utilities. Leveraged ROI is 16.2%. However, the CoC ROI ran in BP would only be 12.61%. Worth it?
Jesse Davis
Wholesaling: owner is in jail?
I was driving for dollars and happened upon this house that was obviously vacant in a great neighborhood. I did my research and found out the owner was arrested 5/13/2020 for arson. Yes, you guessed it he was accused ...