Lori Gilbert
Tenant Did Not Pay and Left - COVID
We rented a unit to 2 girls. They signed one lease. From day one they each paid their half and acted like they were separate in paying rent. They technically broke the lease when they took on a pet in March, but due...
Mikael Lickteig
bank won't let me transfer to LLC
The bank holding my mortgage has informed me that they have made a business decision to not allow properties to be transferred to LLC's. I have gone back and forth wether or not an LLC is needed, but after doing some ...
Autumn G.
should I be concerned with extra people at my property?
I am a first time landlord, and my first tenants just moved in. They had excellent references, rental history, credit scores and income.
I drive past the property on my way to drop my son off at school in the mornin...
Timothy Franklin
Clarifying the wholesale transaction
Hey all,I would like someone who is experienced in wholesaling to verify the accuracy of my understanding of the wholesale transaction. I understand the process as follows:Step A: wholesaler places property under cont...
Jeff Caravalho
SD IRA (or solo401K) question
Hi BP,2 part question: 1. Can I start an SD IRA (or solo4 401K) without forming an LLC (fees would destroy ROI). I am looking to invest in performing mortgage notes that are passive (no trading, note terms longer tha...
Account Closed
Insurance for a cheap rental
I'm in the process of looking for a new insurance company. I've been wanting to do this for some time now...but the final straw was today. I'm closing on a rental tmrw that I'm paying 16k for...after minor rehab, I'...
Raja Shan
Terminate w/o cause. Financial incentive for the tenant to move out?
GM!Have a one year lease with my tenant (which is their first year of tenancy) and want them to vacate as I've decided to sell my property. There is still 5 months to go but I want them to leave in spring (April) so I...
James Carlson
Will mortgage forbearance affect credit or loan qualification?
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
Keith Turner
Milwaukee Multifamily Plan
Hello everyone news to BP here and I've been reading through the post and want to thank you all for the awesome discussions I get to read through.I'm in the Milwaukee market and I'm looking for my first deal! I'm usin...
James Reyes
VA investing strategy
If I were to use my VA loan to get a multifamily (under 5 units), this whole idea of the one year stipulation keeps arising through other discussions. So my work around, option A. build rapport with a local bank and r...