Helloi am in the process of evaluating my first multi family deal. I have been speaking to potential lenders all of last week. Today i just finished looking at the property and id like to make an offer. The sellers su...

For three months now, tenants are saying they cant pay rent due to being laid off from their jobs and they are barely surviving. They said they have sought help from their church but they only received assistance to p...

What are some strategies to establish credibility with commercial brokers for a new REI seeking small multifamily units intending to use business credit for financing?

I asked the agent over the phone what the seller owe, payment, and would the seller carry financing, the agent said she dosent really know,
Then agent email me and tells me that she dosent fell comfortable giving me ...

We just had a new tenant move in on October 1, security deposit and first months rent were paid to us fine, no issues.  Come November 1, we did not receive our rent, so I reached out to the tenant and she played it of...

Well BP, I'm a little worried. I've been mailing out to my probate list for about 3 weeks now, and have had 0 activity. Well, that's not entirely true...I've have 5 letters return to sender, and two phone calls tell...

Hello everyone. We are buying our second property today! We received the rent roll of the property, and one of the tenants is behind on the rent. We also noticed that every time we visited the unit, we found tha...

Hi BP,Have an offer in on a MFH (competitive bid situation) and I have just received the existing 3 leases (that expire anywhere from 30 to 120 days after I take possession).I'm not crazy about how the leases are writ...

Hi in October I took over managing 3 homes that I inherited.  In November I attempted to switch all of the units over to a new month to month. All but one signed the new terms and returned them to me. This month the o...

I recently received this letter from my property manager. I'm curious as to what everyone's response or take on this is (any personal info removed of course).

Hi,

Just wanted to give you an update. The...