Michael Clay
Hard Money Lending - My first time and I need help!
I'm going to be hard lending money for the first time and I need some pointers. I've inspected the property with the lendee and I'm comfortable lending her 80% of the value. She's buying the property for 125k and I'm ...
Christopher Munn
Is This The New Normal?
I recently found a deal in the midwest (area where C class apartments trade between 7.5% and 11% cap rate).16 units doing about 28k in NOI. (Not very good)I own a 8 unit in the area that does about 30k NOI so this pla...
Emily Edgar
Potential Property 11 Unit - As a Newbie... Crazy?!
Hello All, First time posting and looking forward to any insight you guys might have. I've found a property, looks interesting... have ran numbers and cash flows make sense. Located in a good area, nearby downtown and...
Amanda Thompson
Security Deposit return to bankrupt tenants?
Our NIGHTMARE tenants finally moved out. They owed us over $15,000 in back rent and fees and then filed bankruptcy. (This is the 3rd time they've done this... one major reason we fired our Property Manager. Seriously,...
Hannah Noble
Long Distance REI as a Newbie
Hi, my name is Hannah and I am new to REI. For the past few months I have been educating myself and soaking up anything I can. I know sometimes getting started and pulling the plug is the hardest part. I want to be ab...
Emmanuel Sasu
Sherman Bridge Lending User Beware!!
Sherman Bridge Lending-User BewareFalse promises, bait and switch hidden fees and spiked interest rates.Name of their game-- keep you locked in the hard money as long as possible.I've been using Sherman Bridge for the...
Christian Arellano
Assigning a Lease Purchase Agreement
hello,
I've been reading about Lease Options and I found that anyone can make quick cash by assigning their contract. I just want to know if this is the basic way of doing it.
Step One: Find a motivated seller
S...
CJ Ashton
Funny "I'm raising your rent at renewal" conversation
So, I have a tenant that is finishing up their 3rd year in a rental I manage for my in-laws. Outside of one or two hiccups, they are really good about paying their rent on time. Additionally, they keep the place rea...
Alex Dewberry
Terrible Tenant
I need some help before I go crazy. We have a property in NJ with a Tenant that is just completely out of control. This is her third year with us. It has been hell...When the third year started we decided to hire a...
Nadir M.
Tenant taking advantage of moratorium
Hi BP’s I’m sure some landlords are going through the same thing I’m experiencing. Tenant didn’t pay a cent towards April rent amount and has been behind since January. These charges include late fees and plumbing exp...