Victor Vela
When to shop around for mortgages? Before or after making offers
I am wondering what would be the best scenario to get the best rates in a mortgage:
Either contact as many banks as possible before starting to make offers or contact them after your offer has been accepted and you h...
Irene Navasca
Average time it takes for HUD to pay their portion of Section 8
Hi everyone,I recently purchased my first investment property in South Bend, Indiana with a Section 8 tenant. I hired a property management team to handle everything since it’s out of state. It has been two months a...
Brian Ellis
Creative commercial financing?
What would you do in this situation:
Business: Manufacturing
Commercial building valued at 2mil
550k left on mortgage
800k Line of credit (650k balance)
Bank is demanding line of credit balance to be lower than 5...
Megan Brooks
Tenant turnover. How do you know they'll actually leave?
Landlords- how do you handle turning over a unit and ensuring your tenant is actually going to leave at the end of the lease? Currently I have a lease ending 7/15 and want to have the next tenant in on 8/1. I will sta...
Lee Miles
Should I allow this tenant to relocate to another of my properties, which neighbors her cousin, who is a terror?
I have a current tenant who wants a bit more space than the unit she's in currently. She's interested in moving into a larger 1BR at another multifamily property of mine. This tenant takes care of the unit she's in no...
Kevin Ellis
point of diminishing returns ?
Hi, I'm new to the MH world, but have worked on many stick builts. I am a little lost on MHs as to how to evaluate an improvement and the return that can be expected from it.
I just bought my 1st MH and am i...
Johanna R.
Refinancing Question
Can you refinance a home when you have a 100% equity but the owner’s only source of income is the rent?And if I cant refinance this way, are there any other ways to leverage this 100% equity? Thanks!
Travis Geary
Should I serve a Pay or Quit notice?
I am a new landlord, and last week I filed my first Summons for Unlawful Detainer (I'm here in VA, which I've heard is landlord friendly). Here is my question. Now March 3rd, rent is late (again). Do I need to file...
Kenneth Davis
New tenant immediatly changed his cell number after signing lease
Each new tenant I sign a lease with, always give me a new challenge to face. I recently signed a tenant on a month to month lease whom informed me that he will be changing his cell phone number hours after signing the...
Marc Walowitz
distressed notes in forclosure
Before attempting a short sale, want to keep people in their home. Distressed note with a second mortgage that can be settled at 10%. Any suggestions on how to proceed?