I had to post this for others to learn from my mistake. No matter how much experience you have, you will always be at risk of taking a lost at some point. My problem, I'm way to nice and give everyone the benefit of t...

Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...

Eviction moratoriums are over in Texas now and I finally reclaimed my house after winning an eviction (March 16) for not paying rent! What a relief. The cops have been called out to my property multiple times and mad...

Anyone else dealt with this and what did you do? I had several properties being managed by an Ohio property management company. I recently sold all the properties.  I have a pretty large balance sitting in an account ...

I'm purchasing a property with a partner and this is our first deal together. What are your suggestions/experiences with opening an account? Should we have one together? How does this work come tax time?

The seller trying to sell a reo they purchase. But, with 90 days restriction, they going to do a Lease to own with me. I read through the entire contract, but will they refund my contract fee if they fail to deliver a...

Hi Everyone,I am closing on a property in Virginia today with a tenant that hasn't paid rent in 4 months.  I knew in advance that I was buying this with a problem tenant and I am getting a credit at closing (my locati...

I'm relatively new to real estate investing in Jacksonville, NC and would like to start my own Brrr property. I am currently a member of Nail and Bolt L.L.C. There are four of us on this L.L.C. We have successfully co...

When protecting yourself and your investing partner in a two-member JV (LLC), it's advisable to get life insurance for each partner.  Which is the simplest/best solution to implement this?A) the life insurance is purc...

So we sent an email telling a possible tenant that we accepted their application. But we haven’t heard from the tenant since. We have nothing signed yet. I want to know if I can legally still show and accept applicati...