Hello Bigger Pockets community. I've been a member for a while now but this is my first post. I've finally gotten myself in a position to where I have enough equity to comfortably purchase my first rental. so now, I'm...
Good day BPI recently purchased a 4 unit property in SE Wisconsin ( Kenosha ) prior to closing I asked the previous owner to provide the lease agreements and I tried to get them to submit an estoppel agreement but the...
Does anyone have experience with lease to purchase deals? A neighbor of mine has a house for sale for $145,000. He said he may be open to selling it as a lease to purchase for $900/mo for 20 yrs, or 240 months. Tha...
I’ve heard quite a few people state long term leases are worthless, as tenants will move out when they want. Well, my tenant may be getting a better job offer in another state, and he has 7 months to go on lease.
Ho...
I have a tenant that ended the lease w/ 4 months left. Did you bother to take them court? I inherited the lease and the previous lessor didn't have a penalty clause, although forfeiting the security deposit was mentio...
I'm in the process of purchasing a commercial building with two business spaces. One of the spaces my startup business will occupy and the other space is currently occupied by an existing business with a commercial tr...
Here's a question. After reading Brandon and Heather Turner's great book on managing rental property we are working hard on setting our business up as they recommended. So, I contacted a tenant who has had a live in f...
Hi BP,I've been following BP for a long time and my wife and I, finally, took the plunge and bought our first rental and now our second and couldn't have done it without the huge amount of great advice from this commu...
I have a friend who owns a home that needs to be renovated. No one lives there. (Left to him by his father when he passed). He has no motivation or knowledge on how to do the reno as I do. He is willing to sign a 5 ye...
I purchased a townhome earlier this year as a rental, and have since created an LLC to put the property into. The person who created the LLC for me said that we would need to get a new lease signed by the tenant becau...