Matthew Otero
I just received Chapter 13 paperwork from one of my tenants
So I just received a Notice of bankruptcy. One of my tenants has filed for Chapter 13 bankruptcy. I’ve forwarded the information to a lawyer but does anyone have experience with what may happen next?
William Morgan
$1MM in Tax Liens!
I've encountered a property owner who has a duplex with over $1 million in tax liens (state and county) placed on it. The liens originated from prior failed business venture. The property ARV is ~$500,000. I'm inter...
Andrew Lichtenstein
Commercial Real Estate Broker and Investor from NYC
My name is Andrew Lichtenstein and I am a Real Estate Broker and Investor in New York City, and have been in business since 1991. I have personally bought and sold 25 buildings in New York City and closed more than 3...
Alyssa Paros
What credit score do you use as a qualification?
We own in a triplex where the rent is $500-600/mo. Should we stick the standard in The Book on Managing Rental Properties? What credit score do you use as the qualification threshold?
Edita D.
Tips to have a tenant pay for the damages after move out.
Hey everybody!Our tenant owes us 900$ as the damages done to the property exceeded her 1100$ deposit (total for turn around was 3100$). Before turning this to collection, we would like to give the tenant a chance to p...
Bryan Ellis
Short sale purchase from an estate
Does anyone have any experience in dealing with short sales from an estate. I have tended to ignore them but there are several coming up in this area that I'd like to look at. A few questions come to mind
1. First...
Shari Posey
Help! Does the 2nd lienholder ever say NO?
I'm the listing agent on a short sale. HSBC is the first and approved the short sale in 10 days back in January. Now it's mid-April and Countrywide is still stuck in their quagmire. Supposedly, Countrywide has gotten ...
Joe Delia
Got this regarding a Tenant who skipped town to Texas, any advice?
Joe,
Bad news – Texas has a law that I was not aware of that prohibits wage garnishments. Please see the attached.
I’ve done a little research, and this seems to be a bad law, or at least a bad interpr...
Dane Fossee
Credit Score Examples
Hello all, Can fellow landlords give us examples of minimum credit scores they accept for their properties, and the rent of those properties? Thanks! (Ex. Minimum 600 score for a $1k/month SFR...etc.)
Luis Escudero
HELOC Share your thoughts and experiences.
Good evening B.P community. I am on the verge of going through the process of obtaining a HELOC. I would like to hear some of your experiences. What you learned, what you would do differently. How a HELOC helped you i...