April Birdsong
Security Deposit for Lease for 1 year in advance.
Hi there I have my first rental and it is rented for August 2024-July 2025. I am targeting college students. There is a student interested in renting for 2025/26 school year. How do I handle the security deposit? Do ...
Collier H.
Rockford,IL Mobile Home Investing??
Hello.. Anybody doing any MH investing a.k.a "Lonnie Deals" in the Rockford,IL area?? I have been a landlord for about 8yrs with SFH's I would like to get started in MH investing just want to get some good info...Thanks!
Tabor Tollefson
Condo: 3 years arrears, owe $140k-bank, $14k HOA, worth $40k
I had a potential client call and ask for help. They have a Condo they bought at the top of the market for $130k. The bubble burst, he lost his job, and now the condo is vacant. They haven't paid the bank or HOA in 3 ...
Kelly Creamer
Mortgage requirement: 12 month lease. But i want to Airbnb
I am purchasing a new condo and am hoping to rent out my current condo. This will be my first foray into being a landlord. One of the requirements the lender has is that I have a 12 month lease to meet income requirem...
Art Maydan
Tenant Wants Foster Children
Hi Everyone, One of my tenants in a triplex are a married couple with a baby and two dogs. The unit is a 3Bed/2Bath in Chicago. Their lease is up mid-2018. They told me they've started the process of hosting one to tw...
Chan K.
Tenant - Dog, Junk and Not Nice Issue
Hi BP Friends,
I would like to discuss and brainstorm on something that has been troubling me when I inherited my tenants.
When I bought my Quad, I inherited 4 families from the previous owner. The two ...
Shaun Caldwell
Learning My market: Master Plan or Recipe for Disaster?
BP Community,I am beginning my journey to master my local marketplace and would like some constructive feedback on my strategy. 1. Find one to two territories with large volumes of recent cash purchases (90 days)2. Re...
April Eilers
Buy/Hold Lehigh Acres, Florida: the good, the bad, the ugly???
Hi Everyone, my husband and I are considering buying a duplex in south Lehigh Acres. How is buy and hold going in this area? For those locals, is northeast Fort Myers any better than Lehigh for quality of tenants or i...
Brian Levredge
College grads have difficulty getting loans
http://www.housingwire.com/blog/student-loan-debt-making-it-more-difficult-get-mortgages
Obvious, I know. But looks like they will be renters for quite some time based on those numbers. Plus, it's nearly impossible...
Kelvin Tam
2%, 50% & 70% Rule?
Hi all,Yesterday I was listening to one of the Podcast and they said about the rule of thumb for 2% rule, 50% rule and 70% rule in real estate investing.I tried to run a search in Google but it did not really explain ...