I wholesaled a property and charged an assignment fee of $5800.I took back a note and my buyer is paying me $300/mo a month until the note is paid off.My bookkeeper is having a very hard time how to record this in Qui...

Hi, I started purchasing tax liens at tax sales in Louisiana in 2010. I now have a few properties that have gone over the allotted 3-5 year redemptive period. I've followed all of the statues, sent notice etc.. I have...

Originally I hired a contractor in March 2015 for a job that he claimed would take no more than ten days. Three months later in March, he completed 80% of the work and had been paid 90% of balance. He claimed to be on...

Hi All,My partner @Edward Verdel and I are about to send out our first mailing campaign and we are wondering if anyone has a proven script for when a potential seller calls to inquire about selling? I’ve heard multip...

Hi all,

I just recently purchased a 4-unit property in the Merrimack Valley area of Massachusetts.

My plan is to owner occupy one unit and rent out the other 3.

As closing approaches I am thinking of ideas on how t...

Hi everybody!  I'm a newbie.  bought my first house in February and had it rented May 1st.   Late July my tenant sent me a text with a sob story about a fraudulent check he deposited, he wouldn't have the rent on the ...

What things show weakness to tenants.

Another thread mentioned "weak landlord face." What are the signs?

I would call these weakness:

- Rent not due until move in day
- No lease
- No rental application
- No refere...

What's up BP?!I'm a rookie wholesaler in the Inland Empire and I am on the hunt for those TLC/Handy-Man Special/Screaming Deal properties. As I've come to find out, they aren't just going to magically appear becaus...

I'm hoping to find more information about a seller receiving a 1099 and being responsible for income taxes for the difference between the sale price and the outstanding mortgage during a short sale. Does this always t...

I’m working with a guy and his girlfriend.The girlfriend’s brother passed away last week who inherited a house from the mother who passed away 3 months ago. So both of the previous owners died back to back in the last...