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We closed a single family house last month. The house is move-in ready with fresh carpets. One potential renter contacted us that she is selling her house which closes Dec 31. She is looking for a 6-month lease and...
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If a lease option has two different contracts --- the Lease, and then the Option (which is paid for)...what happens when the tenant decides to break the lease, but yet the Option still has another 2 years on it? Are ...
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Hey, folks,I'm interested to hear if/where others are successfully BRRRRing in western MI. I grew up a little southeast from GR and now living on the west coast (summers here remind me a lot of MI... with the bonus o...
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Hello BP,
Today is the first month of the lease where tenant was to pay by either mail, person, online. I was at the property doing a quick fix a few days before rent was due and tenet said they mailed the check. It ...
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Looking at purchasing real estate + business and I have questions regarding an SBA loan. The subject business has been leased out to a 3rd party and is currently being foreclosed on by the landlord. Upon foreclosure I...
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I have a scenario going on right now and I'm curious how other landlords would respond.
I have a pair of inherited tenants who's income will be decreasing by $1k a month. They're a nice older couple. They've never be...
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Is it a good idea to purchase non-performing notes?
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My friend and I are having this debate. He has a 4plex under contract in Macon, Ga, the outside looks amazing, and the price he has it under contract for almost ensures that it'll cash flow as soon as he moves in (he'...
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Commercial properties really interest me since the funding is more based on the deal itself. Now obviously cash is going to still be needed but I really like the prospect of going "deal hunting".
A friend and myse...
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Dear Pockets,
I've read a couple of times about folks saying they look for deals where they can get $100 per "door". I'm not completely clear on the concept... does this mean that you're buying highly leveraged ren...