Bob Malecki
I got a squatter in my OK house in FC
Looking for any opinions on this one since its my first squatter. I bought a 1st position NPL on a home in Tulsa OK from Granite early last year and found that the borrower already vacated. I hired a property preserva...
Matt S
Guru Programs for Private $
Anyone have success with a program specific to finding private $. There are a few out there, Cowgill is one that comes to mind. Thanks.
Elizabeth Schellhammer
THREATENED YET AGAIN WITH A LAWSUIT
Hello BP Community,HOW DO WE DEAL WITH THE TENANTS THAT MAKE US CRAZY?!??!?!?!!? I have been filled with anxiety for the past three days and it is emotionally exhausting. My husband and I accepted a retired couple to...
David Triplo
Zoning Issue Right Before Closing in Lincoln Park
I'm in the process of buying my first rental property in Lincoln Park and in a sticky situation. The owner claimed it was zoned as a 3 flat, but the zoning certificate came in as a 2 flat a few days before closing. ...
Joe Splitrock
CDC Eviction Moratorium Extended to July 31st
As expected the CDC extended the eviction moratorium a month to July 31st and I suspect they will extend it again in a month. The reason cited is basically that some state governments have been ineffective and distrib...
Chris Mason
Fannie Mae 0% down investment property acquisition scenarios
About a month ago, Fannie Mae has removed the requirement for continuity of obligation on rate/term refinances. I've been trying to figure out what the "TLDR" of this is, and how it impacts people acquiring and unload...
Jay Hinrichs
Code of ethics for hard money and private lenders
Here are a few list of ethics a good Hardmoney lender will follow and borrower to be cognizant about. 1. Do not Bait and Switch IE you see the 100% LTV 5% rates which we know don't exist. Don't advertise what you ar...
Account Closed
An Unbiased Opinion For Newbies
As a beginner investor I was overwhelmed by all the help that was offered to me. However it eventually became apparent to me that most of the people I had been talking to were actually turnkey providers trying to sel...
Virginia Jones
Tenant paying rent with cash - issue or not?
For about two years now, one of our tenants has been paying for rent in cash. I am almost certain nothing illegal is being done to obtain this cash - they are in a band and receive tips for that and his wife is a wait...
Leonard L.
Legal Update - California Outlaws Tenant Eviction Tracking
Landlords in California beware. The current CA law is that unlawful detainer actions are publicly searchable unless they are resolved within 60 days of the first filing. If the tenant fights, this easily takes it pa...