Roger Ward
applicants: one with bad credit, one excellent credit
I got a lease application from a couple that has been living together at least 3 years. One has a credit score of 500; the other 800. They are being relocated from out of state by a Fortune 500 company (where the...
Robert Hursey
Assest protection and Privacy in Illinois
I am curious how investors in Illinois approach asset protection and privacy protection since an LLC costs $500 as opposed to the $50-$100 in most states. I am aware of the power an Illinois Land Trust provides for p...
Sarah Bechthold
Tips for newbie doing lease options
I have no deals under my belt yet, and I find lease options (particularly sandwich lease options) the most appealing as a way to get my start. I’m also very interested in wholesaling but I’d like to get some monthly c...
George Gengler Jr
Winter No Move-Out Clause
In your opinion what are the pros and cons of enforcing this clause?
Mario Morales
Renters Insurance-Impact On Insurance Premiums
My insurance just went up by 2K, since my tenants in my "C" class building dont have renters insurance. I got my renewal this month and I renewed my leases this past April. I am thinking next year do I raise according...
Luke Grossmann
Separating insurance and taxes from escrow
Hello BP, I'm about to purchase my first rental property, and I'm considering not using an escrow account to pay my insurance and taxes. Below are the factors I'm aware of, but I welcome any and all thoughts on the ma...
Nick Ferguson
What to do when certified mail is returned - deposit return
So I had a group of tenants who were college students. Five of them in total. They all moved out and went separate ways. They are NOT getting any deposit returned and, in fact, owe a little over $1,000 in damages t...
Kevin Booker
I Need your advice bp
Sorry bp if this isn't the correct forum This actually involves a couple things, I need advice this is driving me crazy. I'm in a position where I'm living off savings so I'm kind of tight with money. I've been thinki...
Art Maydan
House Hacking a Duplex - Organizing Receipts for Tax Time
I just bought a duplex to live in and I’m putting together a system to organize our receipts and mileage for tax time. If I understand correctly, I can deduct 100% of expenses related to the rental unit and 50% of exp...
Nathan Mailly
Can't get actuals from broker
Hi there,
I think I've found a great deal on an 8-plex, but the broker says she can't get the actuals. How hard should I push to get these? It looks like a good deal based on the 50% rule, plus the rents are low. The...