Bob Malecki
Former tenant from WA property demanding full refund of deposit
I have a duplex in WA state where the tenant moved out at the end of their lease on 4/30 per the terms of their lease. They had a security deposit and pet deposit amounting to $1,100. WA statute RCW 59.18.280 requires...
Shikha Gandhi
PM paying evicted tenants utilities from landlord's account
Hello, my property mgmt evicted a tenant (hadnt paid rent in 6 months) on an SFM in memphis. now PM is adding evicted tenants utilities bills of over $1000 to my ledger. I have no idea why property mgmt is paying for ...
Jay Mitiguy
Ground up development; apartment or senior living complex
Hello world of BP. As you guessed from the title, I'm looking for insight on how to dig into a potential ground up development opportunity I was presented with yesterday. A little background on me: been investing for ...
Justin Young
Purchase all cash, refi, repeat. Would that work?
Aloha BP!Exactly as my title states, if I were to purchase a property all cash, then wait for the seasoning period (if there is any), and purchase the next property, are there any setbacks to this? There are a few thi...
Corey Dutton
Interview with a Banker – Why Banks Still Aren’t Lending
With the exception of community banks and credit unions, most would agree that banks still aren’t lending. “Hogwash!” some of you bankers who are reading this will probably say.
As a follow up to a post I did nearly...
Nick B.
2nd position note - is this a good deal or not?
Hello all,
A couple of days ago I saw a 2nd position note offered for sale with the following parameters:
Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...
Dar Fornelli
Tenants paid full rent late, but have not paid late fee
For the second month in row, my tenants have paid rent 3+ days late. My lease states the following: Shall tenant(s) accounts not be paid in full by 4:00 pm on the 2nd day of the month, a late charge of twenty five dol...
Su D
Tenant Breaking Lease before Move In
Need advise as to what options I have as a landlord.... Tenant signed lease on June 28th to begin leasing my home on July 1st. When leasing agent tried to contact tenant for security deposit and 1st month rent 3 days ...
Jeremy Namen
Confused on Deed of Trust issue
If I executed a Promissory note for $350k and concurrently a Deed of Trust that secures 3 properties up to $350k and if this is the total obligation owed to a lender, can the lender still hold a previously exe...
Wyatt Short
What is the best way to finance a rehab. Roll it into mortgage?
I’m new to this so I’m going t on be buying my first rental with an FHA. Living in it while rehab and then renting it out when finished with rehab. What is the questions I need to ask my bank in order to get the finan...