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I had a tenant move out 3 months ago. He never left an address for me to send him his security deposit and he just sent me an e-mail saying he wanted his deposit back. We forfeited it 60 days after he moved out as we ...
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A little background on my situation. I own a condo in San Diego that has two tenants who meet my rental requirements together but not separately. They are on a month to month term now. The financially stronger tena...
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What’s up BP!
This is my first real post, and I’m so excited that I can finally say I’ve got my first investment property! Thanks to everyone who has answered questions or provided insight during this process.
The ...
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Hello,I recently put an offer on a REO 2 family. One unit is vacant but the other is occupied by a section 8 tenant. My plan is to use a 203k loan to fix the property and rent one unit at market while I live in the ot...
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I am looking into buying a multifamily on the MLS. The majority of what I have seen are already occupied by tenants. If I want to live in the property immediately after I buy, what is the best way to do this?Regards,
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Hello BP,
I'm hoping someone here can provide insights on an issue I'm dealing with. I took out a 12-month hard money loan with HouseMax Funding, a reputable lender, for a fix-and-flip project. Before closing, I was ...
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I have yet to close on time. I am 0-4. I even had a cash deal close 3 days late.I am suppose to close on Friday on a new primary residence, but I am already prepared for the call that we are closing next week instead...
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Hello,
I bumped into a lady today and she said she runs an REICLUB in DFW. I asked her what her response rate is for direct mail. She said that if she does a 1,000 postcards she would get maybe 2-3 calls.
Those n...
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Hi everyone ! We just got an offer accepted and are currently in our due diligence period. I asked our realtor to request the code for lock box or copy of the key from seller, in which she said "I will ask although I ...
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Decent tenant of 4 years moved out , only gave 2 weeks notice . I schedule a move out inspection the day he is leaving . They call for a east coast snow storm so he calls me and tells me he is leaving 2 days early an...