Have a tenant who is not on a lease and was not on a lease before COVID19, hasn't paid since January. I have asked her to fill out a lease application and she refuses to, she all of a sudden has all 3 months of rent ...
Buying a property cash using hard money. I will issue the lender a promissory note outlining the terms of the loan. I have outstanding a Federal Tax lien that I am trying to pay off. Should I lien the property ...
I'm going to be closing on a short sale duplex this week and inheriting tenants in each side who are on month to month leases. My loan conditions require me to reside in the property, so I will have to give a notice t...
Hello Biggerpockets members,I wanted to post something to kind of caution others about choosing their CPA. This is happening to a family member (they do not invest).Last night, a family member received a letter from t...
Huge Thank You to Bigger Pockets... I have been on here for about 2 months... and I finally jumped in! I bought some properties at a Tax Deed Auction yesterday here in Oklahoma. (1 vacant lot, 2 houses - 1 vacant, 1 o...
Let's talk about debt collection. It's a prevalent topic now more than ever because many states are letting tenants stay in our investment properties for free and taking away the landlord's right to evict.
I've notic...
The tenant had a voucher majority of the time they rented from me, they lost it about 6 months before moving out. They didn’t pay a security deposit and owe about a months rent total from partially paying. They didn’t...
We own a 2 unit house and tenants signed lease for 12 months. After 6 weeks they gave lame reasons for wanting to leave including my telling them they couldn't put Christmas lights on handrails on steps in front of ho...
Hello, Maybe someone can help me. I Hire a contractor to do a full rehab on a 6 unit building I bought about 6 months ago, we worked together on a duplex I also own and he did great. After earning my trust I let him ...
I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...