Sean Peters
Tenant Ignoring Late Fee Notices & Refusing to Pay
Hello all,I am currently in a situation where one of our retail property tenants is refusing to acknowledge and pay late fees as stated in the lease. This property is a family property and until recently it was manage...
Quynh-Chi Nguyen
How much would you deduct from Security Deposit
Not sure what happen but it seems like the tenant took the cover or the screen on the security system. It's not even in use. Can I deduct it from the security deposit? And how much? First time dealing with it.ThanksChi
Calvin N.
Low offer on note of condemned house
I located a property that has a note for 140K. The note holder, an out of state financial company is eager to sell. The house was condemned by the city. The judge has given until March 28 to begin repairs or the house...
Jairo Zapata
Month to Month or a Year Contracts ?
I have a unit that will soon be vacant. Do you think I should do a month to month lease during Covid19 instead of a year lease? Should they be late or stop paying, is it easier to disinvite them of on a month to mont...
Erick V.
Borrower filing bankruptcy...what happens?
What would happen if after you buy a NPN, the borrower decides to file for bankruptcy? What happens to you as the note holder? I assume if the borrower throws the property into the bankruptcy that it would go to th...
Adam Bastien
Tax Delinquency List
I called my county tax collector’s office to ask for the tax delinquency list, for the first time, but the lady said they do not keep a list. All she kept saying was they release a list in the paper in April. Has anyo...
Jason Sellers
Advice on Land Contract/Possible Sub2 in Ohio
Hi BP,I'm pretty new to this area of investing, so I want to see if there's anything I can do with this situation that came across my desk. My primary focus is buying/selling notes, but I was contacted by a homeowner...
Greg P.
Hard Money Lender Ruin Credit?
Hello, if I was to borrow money from a Hard Money lender and wasn't able to pay them back, do they report this to the Credit Agencies? Thanks
Bienes Raices
How does "oldest debts get paid first" clause work in lease
I would like to add an "oldest debts will be paid first from the rent" clause to my lease, but I'm a bit confused about how this is applied in the real world.
Let's say the ren...
Vicky Yu
What to do when seller wants to rent back for a year???
I just got the approval from the bank that we are in for a single family house in San Jose, this is a short sale. The seller told us before they presented my offer to the bank that they wanted to rent the house back f...