I closed on my first duplex this past week and inherited tenants. Based on the lease and review from the former PM, tenant A is still owing pet deposit since Start of lease and is currently past due by 1.5 month. T...
I have a tenant that hasn't paid rent. This is my first time dealing with this problem and looking for some insight on what my options are. After talking with the tenant multiple times over the past month, it sounds l...
My First Two Years as an Owner-Occupied Multifamily Property Landlord in NYC
By @Mrahman2008
In March 2015, I bought a 2-family home in the Morris Park section of the Bronx, NYC. I was excited beyond words. I was ab...
Hello all. I'm a new investor and currently have 2 rentals (1 vacant and only recently renovated). For the rented property, during the pandemic, I muddied the waters and used my personal funds to pay for renovation,...
How to I approach legally and formal to raise capital from friends and family?.
Should I have a deal on the hook first?. Always what other things I should consider when dealing with friends and family or anyone in te...
Hi All!Super new to BP and investing in general. I was wondering is it possible to get a group of investors together to come up with the down in exchange for equity in the property? Or does this then become a syndicat...
Today in episode 777, David said something very interesting (and frightening) about transferring a property that has a mortgage to an LLC.He said that if interest rates rise, banks can use certain clauses in the mortg...
I have been investing in Philly for a couple of years now, and never had any issues until this one recent rental.
I received a violation in the mail stating I needed to obtain a rental permit and license for this pro...
Need an advise!!!!Buying a house in LA (ESCROW does the title here, we don't use lawyers in LA ). Escrow close on 10.15, all the docs are signed and the financing approved....Oppps...The real estate agent calls me tod...
Hi BPers,II have drummed up a Purchase Option Agreement, and was wondering if anyone would like to review it. It is obviously okay to edit/ tweak and use as you see fit. If you are interested and have an email availab...