John Thedford
Dear FL Tenant: I Intend To Impose A Claim On Your Security Depos
First: security deposits do NOT belong to the landlord. They are exactly as stated: security deposit.They MUST be housed in a FL financial institution per FL statute. They cannot be co-mingled.Now, your tenant left "d...
Alice C.
I am a private money lender. Borrower keeps filing bankruptcy
Hello experts,I lent money to a borrower to buy a property in Chicago. But he stopped interest payments after few months and didn't pay anything after loan maturity. I then engaged an attorney to proceed with foreclo...
Tyler Lay
How often to get new lists?
Hello everyone!I was hoping someone could point me in the right direction. I pulled a tired landlord list of about 500 contacts, I'm wondering how many times you attempt to call them before you get a new list? Also ho...
Karen Polis
Salvaging bad flip (defaulted loan/taxes overdue)
Seeking ADVICE / Property is in Norristown, PAI lent money to somebody (a land trust) for a fix and flip. Unfortunately, I did not do my homework beforehand, otherwise I would have realized there are 4 other investors...
Thomas Usher
Starting out with a big fish on the line....HELP!!!
My situation looks like a new investors dream deal on the surface. A 250 unit apartment, with owner financing that currently cash flows. The rents are well below market and the complex needs about 750k worth of renova...
Max May
House Hacking a multifamily in San Diego
Hello BP!I am a newbie investor, and long time BP Lurker. I have been interested in real estate for years, and thanks to a random influx of cash I am now finally ready to get started with my first property. My plan is...
Amir B.
When to sell an investment home
Hello BPers,
I'd like feedback on when an investor should decide to sell their investment.
I bought an SFH in Parma, OH, in June of 2017. I bought it for $86,500, including closing costs. I immediately found a rente...
Karthik Bujuru
PM or Self Manage First Rental Property
Hello BP,I am going to close on my first SFR in Phoenix area in a month and I am trying to identify best route to rent and manage it. Should I hire a PM to manage since this is my first rental and I am out of state or...
James Gravitt
RMLO License/SAFE ACT
I was thinking about getting my license to become a loan originator. Its only 4 days worth of class time and it costs around $300.
With this I could also do loan originations for other people and charge a fee.
Do yo...
Vitaliy Merkulov
Require applicant to give access to their social media accounts?
When screening tenants, in addition to running a credit report, checking landlord references, and checking bad tenant databases I also try to check the applicant's social media accounts. Some people have their account...