Chad Miles
Rent Paid Full Up Front?
Hello BP community, Essentially my question to you all is this: if everything on an applicant checked out but their credit, would you rent to them if they paid a years rent up front? I am a 21 year old house hacker lo...
Lallu Tappu
Renting to a family with under 600 credit
Hi, I bought my first rental property and I am very new to the landlording scene so I'm hoping someone can help me with a conundrum I'm in right now. Since I was a little late getting in the property, I missed the sum...
Alexander F Pollock
Should Tenants Use Security Deposit Toward Rent
The tenant would like to use their security deposit towards May rent because May's late fees will cause them to be late for June & July. They would have to refill the security deposit, which would just cause them ...
Frank Gallegos
Seller Financing out of a Hard Money Loan
Long story short- I bought a condo with the intention to wholetail. Here are those numbers:120k PP (Hard money loan)3k Rehab170k ARV25k Projected Profit Now here's where the deal got hairy... I put this on the market ...
Payam Shirazi
I have a 1031 exchange question about Commercial ppty.
Hello all.
I have a very confusing situation that requires your expert opinion. Bellow I will itemize it hoping to receive some direction.
1- My client bought a commercial property 30 yrs ago for $250K....
Erik W.
Qualify first time renters
I manage what I call "Class C" homes defined as "clean, safe, and functional." These are not fully rehabbed and may be somewhat dated, but for someone on a budget they can be an excellent choice.I often get a lot of ...
Dave S.
Selling property to a tenant - Good Idea?
First off let me give you some background of the situation. I purchased the property for about $70K and owe about $50K with monthly mortgage payments of about $280. I inherited the tenant from the previous owner and s...
Aaron Davis
Section 8 tenants in an 8 unit I am buying
I am buying an eight unit complex. It only has three units rented, drastically under market I might add. Two of the tenants are section eight. All of the tenants have been there for 16+ years. All of the tenants take ...
Levon Williams
what would you do?
hello BP.i have been hanging around here for awhile now as a looker and there is some great information here. that said, my goal is to be a succesfull real estate investor. not a big time one one that allows me and my...
Dylan Speer
Condo Reconstruction Nearing Completion & Need to Get Out
Hello BP,
I need some advice on what is the worst investment I've ever made.
Overview:
- Purchased a condo in 2022 for $270k, with a 3% down payment. Currently owe $255k.- Mortgage rate is 6.125%.- Lived in it for ...