Vinvi Gucci
Best way to end a partnership
All, Looking for advice, suggestions to resolve a partnership. Here are the facts. Please bear with the longish post.A friend bought a property for 140K to rehab and long term rent in Sept. 23 using a HML. The loan wa...
Chad Gunnett
Current tenant would like to buy the 4-plex im interested in
Just a quick over view.... I have 60k heloc and 10k cash and I am in the process of getting pre-approved for an investment property mortgage. I have a 45k/yr w2 job, my wife has a 30k/ w2 job. I also have 125k mortga...
Sunny Rajvansh
new tenant wants her boy friend on lease.
i just signed lease agreement with a new tenant who will be moving in end of this week. she just asked if she can add her boy friend in the lease since he is getting cable and internet on his name. the cable company i...
Steve Foley
Fannie Mae Mortgage Restrictions
How do you get around the Fannie Mae 10 mortgage limit for rental properties? Long story short, I do not want to pay off a mortgage before I buy another. If the only answer is to create a LLC, how do you get the len...
Harrison Fortier
Couple broke up, one left, how to proceed legally
I have a couple on a 1 year lease. They are about 1/2 way through. They broke up and one of them moved out and contacted me about getting out of the lease. Let's call her Mary. The other tenant told me they intend to ...
Jasmine Spann
How to find qualified property management and maintenance staff?
Due to being short staffed on the property management side and short staffed on the maintenance technician side due to covid are there any suggestions on finding and hiring new staff? For context we are property manag...
Tina Lee
Not enough money on bank to pay deposit n 1st month rent but
Hi all,I have an application pending. Good credit score. But bank ending balance for her and her boy friend is about $200 each.The deposit and rent she has to pay will be about $2800, I ask how she is going to pay she...
Kenneth C.
Eviction of Disabled Person
BP,I have a tenant in Philadelphia, PA. that is scheduled to be evicted by the Sheriff within the next several weeks. The caveat with this eviction (at least from my perspective) is that the tenant is sickly and will ...
Jimmy S.
Would you rent to a section 8?
Long story short I never dealt with section 8.
She is a single mom with 5 kids, yes 5 kids. Right away I can see the kids damaging everything. Rent is $1050 a month and section 8 will pay for $800+ each mon...
Ryan Saulle
Subject-to / Take over mortgage payments while Flipping
Hello BP,I am currently in contract to purchase & flip a property, trying to re-structure a deal with a seller. We were 10K off with the purchase price (we offered 160K, she wanted 170K). We came up with a solutio...