Joe Doman
Seller agrees to carry back financing, running myself thin?
I negotiated seller financing with a motivated seller. The terms are good but I am worried I am taking on too much as I already have a deal in the pipeline. Here is a hypothetical: arv is 200k, needs 30k of repairs, t...
Violet G.
GTA house hacking in recent 5 years
hi everyone,I'm new to real estate and i've listened to many BP podcasts, especially the rookie podcast. I'm located in the GTA. it's really hard to get the ball rolling b/c most podcasts feature someone from the stat...
Dan Huntzinger
Possible Lease violation but unsure
I currently have a tenant in a year lease agreement, changing to a monthly lease on June 1. One section states that "the number of occupants shall be occupied by no more than 3 persons, 1 adult and 2 children under th...
Jacob Barnhart
Help me understand this lease clause.
I am going through all of the landlord paperwork that comes with The Book on Rental Property Investing provided by biggerpockets and one of the clauses in the sample lease looks like this:"
a.AMOUNT: The rent for th...
Paul Tomlinson
Someone else is advertising my property - HELP
I've just run into a situation where a home that I own is being advertised via Craigslist by another individual. The home is not under contract by this individual, although he asked for a contract over one week ago. H...
THANG BUI
How do I get rid of a subtenant
I'm taking over the property management for my mom and, for one of the units, the tenant is subletting. Apparently, in our lease we do not allow subletting. The subtenant is very dirty, refuses entry into his room, an...
Tom Kelly
Using a false LLC to buy and flip properties
Earlier this year I almost entered into an LLC with partners. A tax ID was established, an LLC was established in Florida and that was it. The partners could not agree on terms. I never signed a document nor invested...
Dan McGrew
Terminating a tenant lease so I can move into a building
I live in Chicago, and I'm closing on a 4 unit property in a couple weeks. We plan to make one of the units in the building our primary residence. The mortgage laws, as I understand them, require us to move into the...
Jennifer Rysdam
Do you report to credit bureau if they don't pay repairs?
Hi all. I just bought this 8-plex, where pets are only allowed if approved, deposit paid, etc. Well, we did the inspection for purchase and one lady, who just moved in a year ago May 1, has 2 unapproved cats and her p...
Te-erra Battle
Creative financing ideas
Good morningSo due to life being what it is, I've had a lot of Monkey wrenches thrown in my path to success. Credit is definitely not the best but it's not the worse. All my debt is almost paid off. I've looked up v...