Jason Hutcheson
12 Lessons from My First 12 Months
We finally did it! A year ago, my brother and I formed a partnership and jumped in to the business of rental properties. With just over 12 months experience under our belt and an initial investment of $20,000, we ha...
Hiro Kitagawa
Omitting rental property mortgage from debt
Hello BPers,I just started renting my condo to a tenant at the beginning of April. Upon speaking with two loan officers on conventional loan, I received quite contrasting answers. My questions was if I'm getting ren...
Gurpal Cheema
Attorney Fees for Eviction
Are attorney fees refundable for eviction if the tenant moves out or pays rent before the court date? I'm in New Jersey (very tenant friendly state) where you have to file an eviction through an attorney if the proper...
Alex Farber
Seller finance Form
Hello BP community, I'm looking to get my first deal currently. There's one I have my eye on that might be a good candidate for seller financing based on my conversation with the home owner. Does BP has a general ...
George P.
Security check bounced ... I screwed up!
Hey BP,So like the title says, I screwed up!Okay, story time.I rented my place to three tenants that met each other online. I did a background and credit check on all of them and it looked good.I requested a cashier's...
Account Closed
condo investment
I am thinking of buying a condo in Maui, Hawaii. I have an offer in for $42,000 2/1.5 mountain/ocean view. It has tenants in place paying $950/mo. The HOA fees are $668/ month, this includes elecricity. the bank is c...
Erik Browning
I just had a client buy a home with truly zero down
So this clever client I have was dead-set on buying a home with zero cash out of pocket. Her and her husband had about $12k to their name and a new baby. They are young and wanted to move into a modest home that they ...
Melissa Faraias
Tenant wants to move her adult son into the home. What should I do?
Hello BP community,I am a newbie landlord and I have rented one of my units (SFH with 3 bedrooms/2 baths) to an older couple and their adult daughter. They have been wonderful tenants so far. The mom recently told me ...
Sheree H.
would you start eviction over $50? $160?
What would you do with tenants like these?
My tenants in Athens, GA have paid late every month. They never pay the late fees, and we never chased them for it because it wasn't worth the $50 or so. The last mo...
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Lease Option Question
I had a verbal agreement with a purchaser. He paid the non-refundable option fee. I sent him the contract and he did not sign and return it. He never paid a lease payment. Approximately 2 months later he contacted me ...