Nate T.
Meth house, Phoenix area
I just got a property back from a tenant, in the Phoenix area. The tenant volunteered to me that he had been smoking meth in the house. Otherwise I wouldn't have had any idea. There is no noticeable smell or anythi...
James G.
Should I Allow Pets In My Rental Property?
Hi BP. Should I allow pets in my rental property? There's three pets so I get an additional $75 per month plus $250 pet security deposit. That make the rental income $925 instead of $850. Thoughts?
Holly Boss
Property management companies in Tucson
Anyone have a suggestion with whom I should use as a property manager for a property in Tucson? Pros v. cons and costs v. savings to do it yourself?
N/A N/A
All Cash Purchase Requires 10% Earnest Money Deposit?
Hello everyone,
I've got a great opportunity to purchase a rehab house at 50% ARV, and have already been preapproved by a great hard money lender that'll front money for purchase and rehab up to 75% LTV. Everything s...
Mike Mendes
Would you approve these applicants?
Hello BP community. Need some advice on how I should proceed with applicants I have for one of my rental properties. It is a couple and the woman is taking a job as a OBGYN making $347,000/yr . Her credit score is gre...
Sam G.
Chicago Landlords: Charging a fee for breaking lease and other?
Hi Guys,I'm working on updating my leases for future tenants. I learned from on landlord on BP that charges a break lease fee that is almost close to the rent amount, thus allowing him to legally keep the security dep...
John K.
Tenant keeps overpaying by $2
This one is a puzzler. So I have a tenant who is overpaying by $2/month. The tenant receives a weird amount (for round numbers for this example), lets say 101 dollars from housing assistance, and then also mails ...
Rowan Woodburn
No money no credit (bad credit)
How do I start investing into real estate when I don't have cash or good credit? Do I build a business plan and then present it to hard money lender? How does it work? I need a step by step process order and operation...
Joe M.
Worst month to find renters
A couple questions.
In your experience when is the worst time to have a vacancy? My guess is around the holiday season.
Second question is from a risk perspective. I have an opportunity to purchase a house that is...
Dustin Beam
Pulling out initial down payment...taxed?
Hello beautiful people of BP,So, I'm no CPA, but it would seem that if I do not apply my original down payment on a property towards the new purchase, it would not be taxable as it wasn't actually a gain. So if I orig...