Heather O.
Alert tenants to correct behavior firmly and fairly
How would you word a letter to a tenant who is using a screened room as a storage room?Experiencing tenant with clutter in lanai stacked floor to ceiling seen from the street.Since I have many tenants, I feel like I s...
Devin Peterson
Best way to raise new capital as a sponsor
Hi,
What would be the best way to promote a new possible deal to investors if I am strictly trying to raise capital. All of the preliminary underwriting and deal checking is complete. Is there a way to approach this ...
Mike Taddy
Seller Financing - Structure for Early Payoff Considerations
Hey everyone. Obviously a lot of things to discuss related to Seller Financing (SF). For the sake of this post, my question relates to early payoff considerations. I'm currently working on a time-phased purchase of...
Sam G.
Chicago Landlords: Charging a fee for breaking lease and other?
Hi Guys,I'm working on updating my leases for future tenants. I learned from on landlord on BP that charges a break lease fee that is almost close to the rent amount, thus allowing him to legally keep the security dep...
Mike M.
How to deduct labor expense with no EIN?
So the majority of all of the contractors or people I hire to help at my rental I pay in cash because they don’t accept credit card or check and they don’t have an EIN. Another example is cleaning ladies and or painte...
Chris Soignier
Reciprocal Private Money Financing via SDIRA - Does this work
I recently left full time employment to start investing in RE full time. Until now, I've been primarily concerned w/ passive MF investing, but the returns aren't yet sufficient to cover more than a small portion of ...
Alan Pederson
Wording in lease about breaking a lease
Someone asked me recently how I handle things if a tenant needs to break a lease. This person's father recently died and he didn't need to live in a 2 bedroom apartment anymore. He said there was a clause in his lease...
Robin McMullen
Seller financing, how to avoid early payoff?
My mother is selling a mobile home on a lot to her neighbor and is offering seller financing (California). The agreed upon purchase price of the property is $150,000 with $10,000 down. She would like to have a monthly...
Ben N.
How to receive investment money from a private lender
Discussion Scenario: say I were looking at purchasing a property for $120k and I wanted to take out a loan in my name with 5% down ($6000). Then I go to a private lender (family, friend, referal) to front the 5% down...
Zachary Wright
Wholesaling in new area
I am currently branching out from wholesaling in Buffalo,Ny down to the Hampton Roads, Virginia area and am wondering what are the few things I should look for in getting started since I am out of state. I have an Att...