Cindy Descamps
Landlord recourse for enforcing lease length terms
I have been working at being a landlord for about 5 years now, in Illinois. I am small with only 12 units in three buildings thus I am doing all the land lording myself. My lease is a 12 month lease. My lack of und...
Payman A.
Arm's length regulations when selling a flip
Hi all,Thought I'd see if anyone has info/advice on this matter.Made a cash purchase to renovate and flip earlier this year with one of the main goals being able to show that profit this year in order to offset other ...
Anthony Cresswell
Offering different lease lengths to increase rent
Hi BPI'm wanting to raise the rent on one of my units. The tenant is long term having been there for around 14 years. Unit is under market by around $100/mo or so.I'm trying to present them with some options as i woul...
Jordy Train
Different rents for different length of lease?
Was kicking around this idea today and wonder if anyone does something like this....say offer a one year lease on a unit for $800/mo, or you can get a six month lease for $1000/mo....month to month lease? $1200/mo. Ob...
Jonathan Marcus
Non Arm's Length Transaction in Short Sale
Has anyone successfully convinced a Bank (specifically BoA) to accept a non-arm's length short sale? If you have, what steps did you take and documents you submitted?
Thank you.
Randall Cornelison
SFR: Length of Mortgage . . . 15 years or 30?
Hello all! I buy SFRs to rent out. All mine are currently on 15 year notes, and while I understand the fiscal benefits of paying off loans more quickly via a ten or fifteen year mortgage, I struggle with my desire f...
James Ritter
Listsource- Length of Residence or Last Sale Date?
I am generating a list of 3000 to start my first yellow letter campaign. Here is my current criteria1) Zip Codes I want2) Equity 50-100%3) Value $0-$300,0004) Absentee (In State and Out of State)5) Residential SFRI am...
Devon Smith
paying off loans faster than agreed time length
My wife and I are looking into buying our first property to rent. We already own our home outright and I'm looking to take out a home equity loan to get money for a down payment on a home loan. My plan is to take ou...
Matt Ferch
Length of Seasoning Period — what accounts for differences?
Hello, as I have been researching BRRRR, it seems like the average seasoning period is 6 months. Some sources attribute this to FannieMae and FreddieMac.I’ve also seen posts mentioning lenders that have seasoning peri...
Byron W.
What Lease length / Price options do you offer?
I'm wondering if people offer other alternatives to the typical 12 month lease? If so, what other options do you offer? Do you offer incentive for longer lease terms with good tenants? Do you increase the rent for sho...