Partap A.
Landlord rights (Property management not sharing tenant info)
Hi, I am a landlord using a property management company for one time placement and not ongoing management. The property management company is refusing to share tenant information such as credit report and proof of emp...
Nicholas Jose
Need help with my tenant rejection letter
Good evening, BP.
I'm writing my Tenant Rejection Letter and found some reasons online as to why a tenant is denied their application. So far, I have:
Application incompleteApplication contains false informationDeli...
Brian Bradley
Modern Estate Plans
Do you have your Estate Plan / Trust in place? If not, then you are not protected from wealth destruction and the Big 4.Most come on Bigger Pockets to learn to invest and build connections. Then they realize the need ...
Samantha M.
Hard Money - Worse Case Scenario- Foreclosure
What is the worst case scenario when using a hard money lender. For instance if you purchase a property it cash flows $300 and then the market heads south. Now your cash flow is negative and you can't keep up with mor...
Nazar Trilisky
Private Lending Risks and Mitigation
Are both a Promissory Note as well as a Deed of Trust needed for a small private loan (~10% of single-family house cost)? I've gotten two "yes" and two "no" responses regarding the need for a Deed of Trust. All four...
Nicky Rasulova
What information lenders require to evaluate a borrower credibility?
Hi everyone,I had a question on what type of information a lender usually requires from a borrower to evaluate his/her credibility. Is there a sort of checklist of docs/information that is necessary before applying to...
Loren Whitney
Locking rates on new construction
Hey all,
This should be a quick one. When building a new home, how early can one expect to lock-in an interest rate? I know most locks are 30-60 days but does that differ with new construction? The home in question w...
Account Closed
Did I make a mistake in approaching this deal? Is it a fair deal?
In still looking for my first deal, I've come across a pre-foreclosure with the sheriff's auction coming up in just over a week. I stopped by the house today and discovered that the owner (wife) was still living i...
Kyle J.
Best way to learn about owner financing
I'll be closing on my 4th rental property next week and would like to keep purchasing other properties (buy & hold is my strategy). However, in order to do so, I'll need to come up with some alternate forms of fi...
Jim T.
California Rent Gouging Laws
In late 2017, Governor declared a few counties in California "Disaster Areas" and CPC 396 comes into play forbidding rent increases exceeding 10% for the 30 days after the declaration. According to CPC 396, it can be ...