Jeff C.
Finding investors to purchase for lease options
I saw an ad on craigslist which is targeted towards rent-to-own buyers and said something like "we will find an investor to buy the house for you, and then you will lease option the house from the investor for your de...
Bryan M.
Problems with Post Office
Is anyone else having their rent checks delayed in the mail? One tenant who has pre-addressed and pre-stamped envelopes from me has had their checks delayed multiple times. One time it took 2 weeks. The postmark was d...
Cory Adams
New tenants fist check NSF, second month rent late and pet violation
Fellow BPers how might you handle this situation:a young couple had good references and rented a unit from me. First check couldn't deposit as it was a starter check (not their fault). They provided a second check r...
Sam Jones
Foreclosure auction Junior Lien
Help! A couple months ago, i purchased a property at the foreclosure auction on what i thought was a first lien. The title company assured me that it was the first and that they would insure it. Well, It turned out t...
Andrew Cross
Late Payments
We just bought our first rental earlier this year and I'm have some issues with the tenant. Not too serious, she and her kids keep the house clean and haven't caused any damage, but her payments are almost always lat...
Oliver Petit
Short sale on a WaMu financed condo
This is a great site, just discovered. I
am going through an arduous process with WAMU myself.
My case:
I have a Condo (primary residence)
1st and 2nd mortgage with WAMU
total owed: $680K
I knew I would get into troub...
Quan Chau
Rent due date change
Hi guys! I have a SFR and my tenant wants to change the rent due date because of COVID. The tenant was paying rent on time at the height of COVID last year, but now is saying she wouldn’t be able to pay on the 1st bec...
Benjamin Cowles
A few newb questions
I hope this isn't too long but I've read and podcasted a lot now but these following questions remain obstacles in my confidence to move forward at this point so any help with any of this would be much appreciated. 1)...
Robert Carpenter
Private money loan contingencies
Suppose you borrow private money for a deal and the deal goes bust. Now with a bank mortgage there in normally a 'deficiency clause' allowing the bank to try to seize other assets you may have if the foreclosure proce...
Alan Diamond
Eviction Strategy Question
We have just acquired a new property and we are having issues with one tenant. She has a spotty payment history and has already broken a deal we stuck last Friday to pay on Monday. Rent was due on the 1st and here w...