I have no lease with a tenant I inherited and I am getting paid by section 8. I gave her notice to move out October 31st. They requested to stay until November 7th. Now they are refusing to leave. Do I have a legal te...

I've partnered with my mentor to purchase my first NPN.  The purchase is now complete.   It is a first position note.  I'm very satisfied that the purchase price of the note is around 40% of the current fair market va...

Here is a mortgage statement from a homeowner that is being foreclosed on. He wants to sell to me. Can I negotiate some of the interest and late fees down from the bank? And what is the best way to approach that conve...

I gotta tell you. I'm frustrated. Maybe I'm alone.  However, sometimes it feels as though I am the ONLY one who seems to "get it."   As a Realtor®, I recognize the inherent brainwashing that goes on in the industry wi...

Hi BP, I am currently evaluating a property where I know a cash offer is looked upon favorably compared to purchasing with a conventional mortgage.  I am in position to make a cash offer this week.  Since the process ...

Here is a bit of background: A friend of mine and I have teamed up and are diving into real estate. Neither of us have any substantial cash on hand but we both have good jobs and good credit. We’ve teamed up because...

I'm looking at a multi family unit which would be a turnkey rental opportunity for me.  I'm a total newbie so I've run the numbers two dozen times with conservative assumptions on everything (high vacancy, high repair...

I bought my two investment properties about 8 years ago and at that time hadn’t heard of Th e 2% rule. When I recently learned of it, I went and did the math. Each of my properties falls between 1.3 and 1.6%. I’m wond...

Hello,
My tenant signed the pet agreement (addendum to rental agreement) prior to getting a puppy without my knowledge.  I just found out she got a puppy after signing the document and not asking for permission.   Wh...

Hello Fellow BP'ers!So, I've been renting to the same tenants going on 3 years! Exciting, yes. Everything has been fairly uneventful with them - except for having to replace the whole HVAC system the first summer they...