Craig Ward
Elderly tenant died last night rent is due in 4 days.
First time for me so I’m looking for advice on the best way to handle having an elderly tenant die. She was the only name on the lease and family is saying rent may be late
Senthil Akasham
1031 Exchange Vs. CRT
Hello BPers,I own a rental property (single family home) in CA bay area, and I was looking into doing a 1031 exchange with a larger property as a way to upgrade income. But on second thoughts, after years of being a ...
Timothy Asp
Violating the Due-On-Sale Clause: Risky or Worth It?
This is something I've been thinking about quite a lot now that we're in a high(er) interest rate environment, and I'm interested in hearing from the BP community on what they think. Disclosure: Not a mortgage broker...
Dan Smith
Kicking Our Tenants When First Buying - MA
Here's my situation:I'm closing on a three family house in Massachusetts for December 4th. Currently the first and third floors have tenants, the second floor is vacant. Both current sets of tenants have lived in th...
Peter Tryon
Hard Money
Hey everyone, not sure if this is the best place for this question...
But I have a question about hard money lending. I've been researching some lenders in my area and most say they only give LTV of 75%. My question i...
Sean Kuhn
Tenant wants month to month lease
An existing tenant I have wants a month to month lease. I'm okay with that. What's the best way to do paperwork so I don't have to meet with them every month to sign a lease.
Jack Seiden
D.C. prices down 25% from peak!
I was looking through some local mls data and D.C. proper is down 25% from the peak’s in June (725k vs 545k), Montgomery county is down 17% (620k vs 515k) not a shock to me, but still crazy to actually see in the data.
Jonathan MacMillan
Looking for New Cities to purchase SFH for about 125K
Hello all, I've been reading this site on and off for a couple of years. Seven years ago I purchased a SFH in Aurora, CO for 110K. It rented for about 900 as I slowly paid off the mortgage. I now own the property out...
Austin Green
Cashing out 401k, Is it as bad as people say?
I'm considering cashing out a modest 401k and combining that with cash to purchase a 4-plex. I have seen lots of discussions about the pros and cons of cashing out. Some people suggest solo 401k or self directed, or j...
Mark F.
Anyone every use Constructive Loans?
Anyone on here try Constructive Loans or work with @David NunezIt seems like a bait and switch to me! All said and done it cost me an additional $2300 in fees for the HML that went past its maturity date plus the appr...