Dianna Marble
Advice needed on whether or not to rent to someone!
I could use some advice on a potential tenant for our rental unit. I am going back and forth on whether or not to lease to them. A couple came to look through the unit and wanted to submit the applications to lease it...
Bill Pollnow
Properly vetting service professionals i.e. CPA's or bankers
Hello Bigger Pockets world I am hoping to get direction on a good way to properly vette a CPA, Banker or Insurance agent. It is a constant struggle to find professionals that are a resource and not simply transact...
Andrew Rogers
Separate Bank Accounts for Property Income/Expenses?
So I'm still in the learning process of real estate investing and this question randomly came to me. For those of you who currently have property and have (rental) income generating from it, do you have separate bank ...
Enrique Robles
Wholesaling REOs and Foreclosures in Illinois
Hello BP community, so I have almost two weeks of learning the ins and outs of wholesaling. How to find vacant properties, talk to for sale by owners, etc. So today I learn that we cannot whole sale a short sale, fore...
James Hocker
Deposit Deduction for Permanent/Irreparable Damage
Hi All,How much should I charge a tenant who damaged a property in ways that I can probably never repair? A tenant recently moved out of one of my properties after about 3 years. They gave 30 days notice, and made a...
Jeremy Sanderson
Foreclosing on a Land Contract
Hello Bigger Pockets members,I need to reach out to those of you who have experience with foreclosing on a tennant who is in a property under a land contract. They paid a $1500 deposit and were making payments on a 2...
Burt L.
How Can I Avoid a Bidding War When a Second Investor Appears Before I Have a Contract?
I have been working with a seller about a house that has had their relative living in without paying rent, and the relative has treated the house badly. The owner would like to sell and I haven't been able to see the ...
Jason Hatfield
Buying a house at auction
We are looking at a house that is being auctioned next week in Gulf Shores. They only accept cash. What is the best way to show cash in hand in order to buy it when you don't have the cash and need to borrow the funds...
Tarcizio Goncalves
Cash on cash ROI vs Monthly cash flow
Happy New Year BP community,I started to analyze rental properties with the rental property calculator on BP. One house in particular that I am currently analyzing, after playing with the numbers a bit, I got my month...
Jennifer Fernéz
Situation
I'm currently looking to buy and flip homes.I just got off with a home owner who is facing forclosure and under distress. The home is estimated to be worth $225k and they owe $92k on the loan. The home went up for a...