Alex LaBelle
How screwed am I? Didn't find 2nd HOA until after I purchased
A new investment property (town home) was purchased about 2.5 months ago, and a tenant has been occupying the house for 2 months now. During purchasing it was disclosed that there was an HOA on the property, which we ...
Jason Krick
Lease Option--Is it the best option for this deal?
I am going to be meeting with a distressed seller about solving her problem with an upcoming sheriff sale. The property is currently listed as a short sale. My plan is to purchase it, and then sell it back to her, p...
Michael Quang
Subject to Seller recourse
Hello BP,I have a question regarding to subject to deals. What happen If I sell a property to a new investor via subject to. The new investor then sell it to another investor 2 years later via another subject to? How ...
Peter Ricca
Two tenants one wants to pay a year in full, what do I do?
Hi BP Landlords!I own a SFH rental property. Two female friends applied together, a Nursing Student and a Grocery Store Manager. Student has pretty good credit (650), Grocery Gal has no credit history and is building ...
Matt Wan
Does paying off a mortgage early affect future loans?
From my understanding, mortgages are considered riskier investments than most other loans because the borrowers can repay early with little to no extra cost. If I hold a 6% bond and the rate on new issues drops to 3%...
Anthony Kondor
2 questions Can I refinance a Private Loan , and do I need good credit
Ok I am buying a 2 unit for 60,000 it needs 30,000 in rehab, and I'm going to live in one side and rent the other side out, Can I refinance a private loan and refinance with a cash out refinace after 3-6 months, if so...
Ryan J Wenrich
Assisted Living Project - Determining Rent
I am considering purchasing a building to convert to an assisted living community. The community would be run by a more experience operator. I would simply hold the building as the landlord. Purchase price is about...
Account Closed
Strategies of buying "subject to"
I'm trying to wrap my head around when it make sense to buy a property "subject to". What are the typical exit strategies after buying subject to? Let's say a seller won't accept 50K on a 100K property. If they onl...
Gus Delgado
Received Noticed of Chapter 7 Bankruptcy Case For Tenant
I have a question regarding tenant's bankruptcy. I received a noticed from the US Bankruptcy Court that one of my tenants file for bankruptcy on the 1s of this month. Prior to this, he had told me that he was going to...
Alexander Hish
Section 8 - Tenant Referral
I have a contact who owned a section 8 rental where the tenants caused over 10,000 in damages. Section 8 refused to do anything to the tenant and they stayed in the voucher program. Shortly after this same tenant appl...