Kenneth LaVoie
Holding money for tenant in escrow
I have a prospective tenant who wants to pay 3-4 months in advance. Her sister, on her behalf, is asking if we can do an escrow instead...so she'd continue to pay the rent from her own funds but use the $ in escrow...
Jeff Saunders
Eviction? Rent Collection?
We recently had tenants move out and simply stop paying rent, despite having three months remaining on their lease. Can I still file for an eviction to help prevent this from happening again? What's the best way to go...
Logan Clark
When do I line up Transactional Funding?
I am getting ready to make an offer on a property that I’m planning to Wholesale to a cash buyer. It will be a double close so I’m wondering at what point do I call a lender to set up transactional funding? Do I do it...
Keith W.
Is a wrap mortgage and subject to the same thing?
In my research on the "Subject to" financing technique, some are referring it to a "Wrap-Around Mortgage". My understanding of "Subject to" is that we would create an agreement that we would be taking over the payment...
Matt Longfellow
First Time Duplex Investor & Cash Flow
Hey all! I'm looking to invest in my first duplex in Columbus, OH and am currently going through the pre-approval process to see what I'll qualify for. That said, my initial thought was to purchase a duplex as an owne...
Johann Jells
NJ lease inheriting rights of long term 'guest' of tenant?
A legacy low income tenant who was in the building when I bought it 9 years ago is in the hospital. It makes me think about what to do about his horror show live in girlfriend if he died. She's simply, and clinically,...
Timothy Church
Which loans to keep versus pay off?
Over the last few years of buying leveraged properties, I have amassed a decent amount of mortgage debt. I've decided to take a break from acquiring property (At least I say that. Who knows what will happen!) and to b...
William Burke
New to REI and am interested in getting in to Lease Options
Hello everyone! I'm new to REI and came across some videos on lease options by Kris Krohn, Joe McCall, and a few others. I have a little experience in RE but it has always intrigued me much more than what I've been...
Scott K.
How to get a contractor to meet their timeliness?
I've had so much trouble getting contractors to just get CLOSE to what their job time line estimates were. Any tricks or ideas to put into a contract to incentivize a realistic time line? Some kind of money incentive?...
Tia Cole
Agent Contract Clause
Hey there,
Looking to make a home purchase with a new agent and there is a clause in the exclusivity contract.
Is it common to list a "protection period" for several months after the contract ends?