Shaun Moore
Tenant is Marrying Someone with Special Needs Child and Moving In
I have a tenant in a single family home that has been there for a while. He has notified me that he is getting married next month and his wife has a child with special needs. The child requires a machine to breathe, w...
Corey Reuter
Previous owners' tenant died, left lots of personal property
Hey Bigger Pockets Community - I am putting in a cash offer on my third duplex (very exciting) but there is definitely a unique twist. The previous owner rented to an tenant that passed away TWO YEARS ago. The owner n...
John Bagwell
Legal Issues Concerning Note Finding
To all Note Finders,
After carefull research on whether note finders need to be mortgage brokers you must look at the legal definition of each state's legal definition of a mortgage broker. My states defination for a ...
Chandler Ludwick
Is the LLC path common?
I like the liability protection an LLC provides, but everything I read says that banks won't lend to LLC's (or allow to deed to an LLC normally). So do most of y'all not go the LLC route? I am assuming then you would ...
Forrest Hayashi
Which lender allows cash out under 12 months
Hi BP'ers,So i purchased a duplex all cash and i went to my local lender at chase to get a ReFi and was told that they cant do it since my holding period is less than 12 months. Are there any alternative ways/lenders ...
Dave B.
I accidentally bought a condo ?!?!?! Someone please advise
BP,I'm in a major pinch and I'm turning here for some advice. I recently purchased a single family home in new small subdivision for 185K that I plan to rent out for 1,800. I was just notified after the purchase was f...
Chris Walters
Landlord asking for bank info
Hi BP!
I need help as to know whether or not it is normal for a landlord to ask a new tenant for their bank info (bank name, branch address, account number). The landlord is willing to accept post dated checks, ther...
Joseph Taylor
LLC for Hard Money
Hey everyone. I’m looking at purchasing my first property. I may have to purchase this with hard money. It will be a single family home or a 4 or less unit property. The hard money lender is requiring me to start ...
Michelle Calicchio
How far do you go with backgound checks?
I have a perspective tenant who looks good on paper. He's already revealed a past bankruptcy and explained how it came about (his employer was located in the WTC and when it went down, the business folded. He tried ...
Landon Dean
Portfolio Loans
Portfolio Loans.....I am looking to learn more about them and some real life scenarios people have used. 1.) How does it work compared to a traditional 20% down loan that I have used on my other two properties.2.) Are...