Daniel Suarez
How to proceed with non-paying tenant
I have a tenant who's always paying late, but this month he's already behind December and January. He's a good tenant, keeps the house clean, does not ask for many things and does some repairs himself. He says he will...
Andres Piedra
Tenant paying full year rent in one payment
I have an applicant who has just ok credit (average) but had a few late payments on last lease due to something or other. He told me a story, but I generally don't invest in "stories". However, he said to make up for ...
Joel DeLuca
401k loan for Down payment and contingency fund.
I have a 401k with a previous employer that will allow me to take a loan against. The company is a large multinational that is unlikely to change plans suddenly or be bought out.
I would be looking for conventional ...
Jason Turo
How do you make purchases and manage receipts for your rentals?
How do you make purchases and manage receipts for your rentals?
Mark Strobel
Buying 12-unit with eviction in process
Hi BP friends!We are in the process of acquiring a 12-unit apartment complex (3 quads) in Wisconsin with an April 15 closing. Today we were notified that the current owner is serving a 5-day notice to Pay or Quit on o...
Fred Mejias
Self Property Management - Should I do it under LLC?
Hey BP community,Hi my name is Fred, I am in the process of finishing up my first investment deal. I bought this under my name. I want to self manage this property. I was thinking I should do this management as an LL...
Joel Houston
How much should I raise rent for remodel
I’m considering a master bath remodel for an occupied unit. The tenant is all for it. Rent is currently $1500. Does anyone know of a ball park metric for how much your rent should increase in relation to how much m...
Dan Grove
Looking for education on setting up the business
Hello BP friends,I am currently building a core 4 team as gudied by the David Greene long distance real estate book. I have money ready in my personal account and have an itchy trigger finger to buy my first place an...
Josh Oates
Buying Parent's house / Owner financing / Renting back to parent
My wife and I are trying to buy her father's house, move in and he would continue to live in the house and pay us rent. First issue is he is now divorced and ex-wife is still on the title and is entitled to half of t...
Anthony Butcher
Financing with no money in reserve
Hi,I am trying to get my first investment property, and a couple of banks I spoke to are asking to see 6-12 months of reserves in my bank account to cover the mortgage.I am working on saving money towards a deposit, b...