Peter Halliday
Exit Strategies for Borrower in Bankrupcy
I’m wondering what the exit strategy is for a borrower on bankruptcy. I was reaching up to follow up with a seller I’d bought a note from. He asked me if I’d be open to a note in bankruptcy. I realized that I don’t ...
Jo W.
Section 8 and kids under 6YO - Is it heavily regulated?
Hello BP members,I recently bought a 2 unit SMF in a low income neighborhood (Buffalo NY).I had to evict the upper unit and renovate, now starting to look for a tenant.I priced it a bit high for the area and i have on...
Alex Lee
Negotiating Foreclosure Payoff
Hi all! I’ve got a duplex that we grew up in located in New York. We lived in one unit and rented the other. It was owned by my dad, but he passed away a few years ago, we rented the whole thing out.We have since m...
Ali Kassam
How do I determine poor performance vs poor management/accounting
I'm under contract to purchase a 41 unit POH MHP and a 24 machine laundromat. 24 of the units are currently rented. When I originally met with the owner, it was obvious that he wasn't going to have great records. M...
Charlie Claxton
Getting "leasing fee" back from realtor after their renter bails
Hi BP family,I haven't been on much lately, but today I am back for advice. Instead of calling my attorney and letting her tell me how dumb I am (haha), I thought I would reach out here and see what my fellow investo...
Edgar Perez
house hack- Short Term Rental - Rent by the Room
Hello BP,
I read through Avery Carl's book and I've looked for other resources but many of them are more focused on general STR or vacation rentals; are there resources available for STRs specifically focused on rent...
Jonathan Gardner
Heloc on primary for rentals but credit isnt good due to credit card maxed out
Hey everyone, i am trying to get a HELOC on my primary residency to fund two duplexes in my local market but I am struggling to find a lender that will give me a line of credit due to my credit score being around 600....
Rich Gabrio
The idea incenting with Buyers Agent bonus in a resort community.
Background: I am not a real estate agent. I am a real estate investor. I own a vacation rental home in a resort community 90 minutes east of Seattle, WA. Although the property has done very well, it is now my goal...
Kerwin Montilla
BRRRR strategy issues
Good evening, I'm running into some issues with the brrrr strategy. I baught a college rental for $82k rehab cost $15k which bring me at $97k property is worth $150k. Rented it out brings in $4,200 a month. Went to ...
Jack Slattery
Lowering the rent
I have a rental that I purchased for $58,000. It brings in $750 monthly with PITI of $375 leaving a cash flow of $375. The tenant pays rent six months in advance and will have completed a year with me in June.
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