Richard Bader
Rental Lease Questions
Hello, I am from Tennessee and I am starting on my first rental and I have a couple questions:
1. I would like to know the steps I would take if my tenant does not pay and has to be evicted. Tennessee requires a 5 day...
Lance H.
% of income for Primary residence?
Hi everyone!
I'm considering purchasing a new primary residence in the near future. In my opinion banks are still way to generous on how big of a loan they will allow. I'm just curious, what do you all think is a...
Tricia O'Brien
Tax Lien Purchase on Land With/Without Mobile Home ?
Just bought my first tax lien last month in Colorado. It's on a lot (over 5000 square ft) with a mobile home in a mobile home community. However, the lien is secured only by the lot, not the MH . If I end up filing f...
Ken Dayal
Tenant Wants to Break Lease Early - New Jersey
My tenant in Jersey City NJ is looking to break lease early. He states his reason as pending layoff - of which he is not sure but says it is inevitable in 2-3 months. I try to be understanding and accommodate my tena...
Dwayne George
Buyer's Remorse
AHHH!!! I just bought my first rental property, and am freaking out a little bit! We bought the property (in great condition!) for $47,999. It's an awesome property 3 bed 2 bath, 1,300 sqft, tax value is $110,000, th...
Tyler Brown
I'm debating selling this property, input welcome
I own a two family house in Queens (New York City). This is not my primary residence; it's for rental only. It's fully paid for, but it has less than impressive cashflow. After all expenses, it generates roughly $2...
Kevin Kim
Strategy for First Time Buyer, 760+ Fico, $100K DP in Los Angeles
What's the best strategy for my first deal?I want to invest in an income producing residential property. I have about $100K cash saved with a steady $9500/month W-2 paycheck, 760+ FICO and no debt. I'm willing to put...
Vince Greenland
Help with due dilegence period for multi family complex
We just agreed on a price for a 96 unit class C complex. The complex is currently managed poorly with out of town owners and "suspect" management and maintenance personnel.
First, we own and manage 90 units ...
Krystal Baker
Just got the call - house is destroyed.
I am a fairly new investor, and just got a call from my property manager in Kansas City (I'm in California) that the house is destroyed. The property was between tenants, and the manager was there last night to ma...
Mike Delprete
Just purchased rental took over current tenants
I just purchased a rental property with tenants in place going month to month. I don't want to change anything just keep everything as is. I plan to introduce myself and let them know where to send rent. Is their a...