Hi everyone, My name is Kanica and I'm an Investor in D.C., I just wanted to introduce myself and get tips on how to find and secure motivated sellers. I was ecstatic today, I got my first YES through cold calling. Un...
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Sourcing opinions here:Tenant signs lease, gives 1 month deposit, cancels lease 3 days prior to moving in. Lease calls for 2 months liquidated damages upon cancellation. Keep deposit I currently have or be nice and re...
I used my first home buyer loan to buy a 4-plex. Part of the stipulations in my loan is that I have to live on the property for a year and must move in wwithin 60 days. One tenant had voiced to me that she plans on mo...
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Hi BP family!
I have inherited a tenant that has cancer, smokes and has pets. I spoke with her yesterday because she was nice to pay the rent for this month. We are going to meet this weekend, and since she lives mon...
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With today being thanksgiving and thinking of all of the things I am thankful for. I think it would be nice to hear from the BP community about how your REI have helped you give back. Whether it is helping your commun...
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Hello BP,I recently closed on a 5 unit property where all of the units are way below market. With the current rents I am operating at a $200 monthly deficit. All of the residents are on month to month leases and this...
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In November my tenants failed to pay their rent and my PM started the eviction process. Today I received a notice that eviction is set for Christmas Eve.
What do you make of that?
Would you suggest to the constabl...
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Dear BP freinds we are now facing a tough situation of collecting rent. One tenant has been paying rent via auto pay on a platform we have agreed on. Somehow this month's rent first got deposited into our account and...
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Someone sent me this email so I wanted to post it less as much of the political spin as I could subtract as possible to get a sense for how much of it is accurate. Here are taxes that will be coming for 2011 accordin...
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One of our tenants is late with her rent. She paid 50% last month and has not paid this month. She asked me to use her a portion of her security deposit (1.5 months rent) to cover the half month rent for last month. ...