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No grace period for rent payment?
Our rental contract specified a daily late fee if the rent is made after due day. My tenant complained that’s unheard of and “no room to breathe”. What are you guys’ thoughts on this?
Larita O'Bannon
Financing my first multi family Property
My husband and I are interested in purchasing a duplex, triplex or quad in the Cincinnati area This would be our first real estate purchase since buying our own residenceWe are trying to determine the best way to fina...
Jesse Martin
The private money deal on paper
I'm looking to raise money through private funding. Some to have ready, and some per deal. When working the deal with the private lender, how are most of you breaking it down. Let's say you're requesting $100,000 l...
Mike Vincent
Renting to NFL Pro Athlete
Besides some pro athletes turning investor, I haven't seen much discussion on the topic. I recently rented out my place to a NFL player (rookie) in Atlanta and he had to break the lease after recently being traded aft...
Brett Trammell
Bonus depreciation without being a real estate professional
My wife and I bought our second rental property last fall - a 4-plex. I’ve been hearing about taking the bonus depreciation and while it sounds like it would be a great strategy if we were full-time real estate profe...
Ronald Starusnak
Ten Common Eviction Mistakes
EVICTIONS CAN BE A NIGHTMAREYou did your due diligence, you purchased a property after running your numbers, you found a great tenant, checked their background information, verified their income, and followed up with ...
Kendall Bond
What is a Tax Sale? Tax Deed and Tax Lien
What is a tax sale?In the United States, anyone who owns property must pay some sort of real estate tax to the government. The taxes that are collected pay for public services, such as, hospitals, schools, law enforce...
Rich Weese
Adjustable or fixed-rate?
I'm in the process of attempting to increase the amount of cash reserves I have for anticipated purchases in the near future. As many of you know, I am a buy and hold investor and do have properties that are free and ...
Chris Pasternak
Subject to - How much time allowance did lender give after due on sale called?
Experienced Sub2 investors/bankers: When the bank acted on the "due on sale" clause, how much time did you have to perform your exit strategy? What was it? Enough time to list it and sell? Paid off in cash? Would ...
Sheri Ulm
Title Company paperwork on land contract in Ohio
Hello,
I am in the process of tryig to close on my first land contract and the title company is taking forever and a bit incompetent (I will NEVER use this comoany again). My question is: Being as it is a land contrac...