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Long, frustrating story, the specifics of which I don't feel comfortable posting online, but we have a family renting our property (nice neighborhood, $800k home). They've been there for about 2 1/2 years. We told the...
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I have posted about this deal before, once regarding a bad tenant (resolved), and once about zoning (resolved). Now I have another question, and I'll try to be brief. We are purchasing a duplex in Louisville, KY with...
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Hello!When you take ownership of a building that has current tenants, what is your protocol for introducing yourself? A letter or email introducing yourself and giving your contact info and instruction for where they ...
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We have potential renters who want to lease to own. They can afford the monthly payments but don't have the downpayment for the house saved yet- they have a plan to do so in the next year.We offered to allow them to r...
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In North Carolina, it's customary to have a "due diligence" fee when executing a purchase agreement. Where I come from in Florida, there is no such thing. This is alien language to me. The buyer had 10-14 days to insp...
I live in NJ & bought an apartment building 12 years ago for $1M and put down $250K. I now owe $450K on the loan.If I refinance the property now valued at $1.7M and we can pull out $750K in equity with the refi, w...
Hi, I was looking for options regarding the RTO strategy, when the the bank appraises the home at less then the agreed upon purchase price at the end of your lease agreement? Thanks.
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I've seen some conversations on BP recently regarding balloon payments, refinancing, and interest rates, so I thought I'd share a short article I wrote for my firm regarding forward commitments and how they vary betwe...
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So I own two properties currently (free and clear) and may be picking up a third soon, which I plan on paying for in full at closing.One of these properties I currently own is our house, the second is a warehouse (w/ ...
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Howdy Everyone!
RayE here...new member to this wonderful forum (Glad I found this!) and I've got a question that I'm hoping someone here with previous experience can help answer??
Now, before I ask the question, let...