Rose Stuart
When you can't run a credit/background check - foreign student
In my 8 years of landlording, I have relied heavily on background and credit checks. But now I have a vacancy and an applicant who is a foreign student at a local college. He does not have a social security number, bu...
Abby Vuong
Tenants and Guarantor Dilemna
Hi Everyone, I am in need of some major advice. I am starting out with my first rental in Maryland and decided to hire a real estate agent. My realtor has made a couple of errors with the listing and showing process...
Raissa Evans
Damage that was covered up but still visible?
First time posting a discussion, so I'll try to explain succinctly:Had some tenants move out after an 18 month lease, during which they added a couple dogs. They knew how to do contractor work, so for the most part th...
Nancy Almann
Tenants "out' of the rental, 'but we still need to clean!'
Tenants "moved out" yesterday (Saturday), then texted me that they were having someone come in to clean on Thursday. Um.... that's 5 days into the month, and you've left several large piles of bagged trash in the u...
Jorge Caicedo
NEED ADVICE ASAP!!!!
OK, 2 gutted and vacant props. On the 1st one, seller is asking $220k(mort balance owed) but the ARV is $415k w/ repairs running roughly $35k
On the 2nd one, seller is asking $139k(mort balance owed) w/ an ARV of $2...
Josh VanLandingham
Benefit to seller if buyer uses cash vs conventional financing?
Newbie question here...
From the sellers perspective what are the benefits of a buyer offering $100k cash vs $100k through a conventional mortgage lender?
The obvious one I understand of giving the seller the opti...
Jane S.
Has anyone heard of a company called NOMAD
NOMAD wants to rent my house with a Master Lease where they pay me the rent and then sublet to occupants who pay them. They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair ...
Jen H.
Construction Project Management-Flippers Cancel last minute
Hi All,
I am project managing my construction crew on a house flip. The investors have been very difficult to work with from the very beginning with grinding us down on our prices to a very very slim profit margin (a...
Evelyn Jordan
No SSN, no CC, No Proof of Income
Hey BP People,I am currently screening tenant applications for a vacant rental property of mine and I came across an interesting situation. The applicants are a Hispanic family with 3 young kids; Mother is a housewife...
Henry Lazerow
15 tips and tricks for the Chicago market
Thought this would be a fun post. Here is a list I created. This is targeted more towards beginner investors so I left out the advanced/high cost strategies. Feel free to add to the list with any of your own tips. Hap...