Derek Petersen
10-year note, 50% LTV, 10% Interest
Would you buy this note on several residential homes in the Atlanta market? I haven't done any long term lending in the past, only 1 yr balloons. I guess I'm at risk during a high interest rate environment if one shou...
Zachary Wright
Wholesale contract gone bad
I’m in a unique situation. What do you do if the seller signs the contract, sends someone to go take pictures of it(same day as signing) and finds out the property has been Demo’d?
Robert Hernandez
How long does it take to make a vacant unit rent ready?
Hello BP family,On average how long does it take for you to make a unit rent ready? Say an average tenant moving out and not trashing the place. I have a rental that recently went vacant. First time dealing with someo...
Jay Yoo
Offered higher to win and renego to lower pricing
Hi. I’m a newbie to REI so bare with me if I’m not explaining well enough. My agent and I offered higher to win the multiple offer and hope for a lower appraisal than offered pricing. Guess what, the appraised value ...
Lawrence Fiero
Tenant scamming others
This is a first for me. I have a tenant who lived downstairs in a duplex. The upstairs tenant moved out and downstairs somehow got keys for that apartment. Downstairs got behind on April payment and on the 15th we sta...
Jack Luzecky
Low Performing 'A Class' Rentals
Hey there fellow BPers, The property management company I currently work for in St. Louis, MO, manages approximately 1,600 units and continuously has about 60 units on the market throughout the year. Most of these uni...
Dain Hungelmann
easiest way to get $ back at closing from seller
I'm buying a multi unit in Milwaukee for 85k Valued at 110k. Seller is willing to give back the 25k at closing ( my 20% down) but I'm trying to figure out the best/legal way to do it. Lender will allow it for a 7-...
John Bourque
Double Sale of same house...Need advice!!
So I live in a suburb of Boston Ma. I put in an offer to purchase this SF house as an investment property. On market for $499...Seller's realtor claimed there was another offer so I went above ask to $515k. Offer acce...
Mark Forest
Tenant repairs
Some landlords have said thy allow tenants to fix properties when the tenant does damage. My lease states that the tenant can do this if it is done “promptly.” If they do not do it promptly I can go in and charge th...
Shelly Rike Mitchell
Tenant wants to Break Lease to move to another house
Tenant who has been in property for 6 months came to us and wants to break his year long lease to move into another house in the same neighborhood. This neighborhood is a new development of duplexes. Our property is a...