Joseph Lucas Jr
Landlord Tales and cautions
Happy Friday BP Nation!I am still very new to the world of real estate investing but I think I’m going to go down the path of buying, holding and renting. Now I talk with my fiance about this and she immediately bring...
Tara Piantanida-Kelly
Seller's agent shared buyer's inspection report without consent
We are the buyers in a 4-property multi-family deal. The property inspector we usually use wasn't available. The seller's agent/listing agent recommended someone she's used before, and we agreed to hire him for the ...
Josh Polston
Tenant Refuses Stove - threatens to withold rent
[punchline at the end] I have a legacy tenant that has been living in the building since purchase (7 years ago) and they recently killed their gas range with only one of 4 burners working. When they notified me it wa...
Ken Latchers
Landlords - What are all your practical Money savers?
I thought it would be nice to have a collecting point for day to day money/time savers for rentals. Some things I do or have seen on the forum so far:
Remove storm doors.
Advertise rentals on craigslist
Remove or lo...
Justin Silverio
Security Deposit vs Last Month's Rent?
I'm new to landlording so please bear with me.
I'm closing on a condo in the next month and I'm not sure if I should collect last month's payment or a security deposit. The condo is in a low income area so I don't...
Jose Diaz
How long on average does it take to evaluate a property?
Hello to all. I am new to RE and am interested in wholesaling to begin with. I have been reading Than Merrill's new book "The wholesaling bible". In the book he stresses the need to learn to evaluate properties qui...
Christopher Villa
Bank Owned Properties @Auction.com
Hey, I am looking at some BO properties on Auction.com. Is anyone willing to share their experience with these type of properties? This one currently has an occupant.
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Christina R.
First rehabs approaching - what do I need to do first?
I'm getting ready to do a "2-fer" and, with a partner, rehab two homes for rentals. My partner is experienced and I intend to ask him the same question I'm asking here (and I know he will thoroughly educate me which ...
Shequann Burrwell
private money lending scams
I am on the search for a new lender to fund my rehabbing efforts in my area. I found a post on LinkedIn simply stating this person was working with new investors who are allowing him to lend there money out to fund de...