Hello BP community, today i was notified by my loan broker that the rate on my loan just went up 5.75 on a cash out refi for a triplex here in L.A. This is a no doc loan based on income from property.
I started th...
I'm reading Brandon Turner's Investing in RE with Low Money Down and I can't wrap my head around what a "Lease Option" represents. I understand that a lessee is paying rent + an option fee to live in the house while t...
Hello guys! And happy Thanks Giving!I purchased my 1st rental property in 09/2022 in CA with tenants with a lease expiring in Dec, 31 2022. I would like to get your answers in the following questions.1. Can I increase...
When taking over a long term tenant occupied property and the tenant has a pet would it be in my best interest to immediately request a pet deposit and increase rent due to pet, or don’t say anything about it and allo...
How crucial is this? Put differently, is the information really that much different than the public info? I can see most sales history if I look at both Trulia and Zillow (they are both spotty, but usually list enou...
I’m buying a property in Cleveland suburbs. The seller is so excited to close in 5 days from me signing contracts. The title search from the title company has already been checked clear. Am I missing something ? It i...
Hello BP Friends,We have dropped the ball. Last September, we agreed to rent to a DHA voucher recipient. The process was arduous and long, as I posted on BP last year.The date of our signed lease was originally Nove...
I am currently looking at purchasing a lot that currently has 5 leases in an apx 16,000sqft facility (all 5 leases could expire by 2020, with the earliest being 11/2018 and the latest being 2020). The seller has provi...
I closed on my first duplex this week. Both units are filled and I have the leases.
One of the tenants was a real jerk when we did a final walkthrough, and I have witnessed on several occasions that there are two pe...
I closed on my first 4 unit almost 2 weeks ago. Three of the units were occupied and I'm currently marketing the 4th unit which I hope to have rented asap. All three tenants signed new leases with me. I used the same ...