Andy Young
increase the rent?
Hi!
I am buying a $140,000 3 bedroom two bath duplex. All comparable rents in this area on craigslist (and the zestimate for rent) are 750-900 dollars. There is a woman in one of the units that is only paying ...
Steve Erkens
Late payment lease clause
Hi, I have a tenant that has been late with their rent for the past 8 months. Same game each month: 10 day notice given on the second of the month and then they pay on the 12th. However, they take good care of the p...
Spencer Rossie
First deal help (financing options)
Hello BP, I'm looking for some advice on the best approach to getting this property. Breakdown of the numbers- 5plex 3 2bd/1ba 2 1bd/1ba (Completely renovated and turn key with appliances and w/d)Asking $365K (I'm pre...
Cierra Seay
Squatter's Rights
Michigan landlords and investors should be happy with these new statutes. This will effect foreclosure and auction property sales now that it's easier to get people out.Michigan recently passed three new statutes spec...
Jeff West
Someone offered to buy my property before I put it on market
Hi BPers. I need some advice. I bought a foreclosure and just got the tenant out today. Out of the blue I got a visit from someone who happened to see an expired listing (pre-auction) and asked if it was for sale. Whe...
Taryn Schettler
My contractor did not pay final bill on quartz. Mechanics lien?
I hired a contractor last year to do a kitchen remodel including him sub contracting another provider for counters. He paid the down payment for the counters but did not pay the final bill of $1300. I have since sol...
Sam Morgan
Seller financed or 30-Yr: Which would you choose?
Hi All! Looking for some insight in a unique situation I've been presented with. Which do you like:Option 1: Purchase a $210,000 (tax value) home needing a $60k renovation in a great neighborhood w/ conventional 30-ye...
Thiago Alberto
turnkey company questions
Hi guys,
I am sure this is a question that has been asked in the past, but I could not find it. I am looking to get started with my rental property portfolio and I'm very interested in turnkey properties at this tim...
Justin Gomberg
Month-To-Month Rent Raise Question!
Hello all! I just recently closed on my third property (first duplex...yay!) This was managed by a PM prior and one of the units is on a month-to-month lease. I was curious what the right way to increase the rent is? ...
Daniel Han
Cash-out Refi or Sell?
Hello BP community. I've been mulling over whether to do a cash-out Refi or to sell my rental property.Currently residing in Northern VA, rental property is in West Texas (El Paso). Rental property was my primary re...