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Hi, we already submitted an offer letter today for a 4-plex asking price $310k (2beds 1 bath) and we are the 1st one to offer them after the previous buyer's financing fell through, the seller agent sounds promising. ...
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Hi, I have a situation with a difficult tenant. They haven't been up-to-date with paying rent on time. They've paid eventually but it seems to be getting worse. I don't want them to slip into me chasing them for rent...
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Hello BP,I have recently been trying to pre-qualify for a mortgage on a second home. I want to find a way to get around the requirement of having rental income on Schedule E for 2 years in order to use it as income to...
Hi everybody! I am a new ish landlord in Arlington. I own a property that I rent out by the room. I originally lived in it, but just bought my second property and moved out, and had someone move into my room (4 bed, 3...
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OK, I know using yellow letters is a proven good thing. But with my budget I can only afford to send out 100 per month to start (have to pay for my 100 bandit signs too). Ron Legrand said that if you cannot sent out...
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Hi All,
I am wholesaling a property by selling the LLC I created for the property. My question is, what contract do I use to represent this agreement to sell and buy the LLC? A regular assignment contract doesn't...
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I've spent a lot of my time handwriting letters recently and it's making me think, would it really make that much of a difference to just photo copy the same letter and fill in the different addresses and names? Other...
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I closed on a 3 family March 1, 2021. In purchase and sale 1st floor tenant was to be given written notice of rent increase. 2nd floor to be given written notice to quit. Seller instead just gave verbal notice. (3rd f...
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Hi all-Similar to what so many have done before, I plan on using this forum post as step-by-step outline of the steps I take until I close my first few deals. First a little background on myself:I am a 26 year old guy...
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Hello Everyone,I just purchased a duplex in December. One of the tenants does not have a lease in place and she has not responded nor signed the one I sent. Additionally, she has been late paying her rent every mon...