Mike Hoefling
Tenant Cousins - One moved out, Another moved in
I have an interesting question, I am not really sure it is a problem but I do want to make sure I am properly documenting this unique situation. It may help to ask this question to an attorney in my area.
I took own...
Ryan Camenisch
Section 8 question
I am looking at buying a sixplex that is currently section 8, what is the process for lifting the section 8 and are there rules about evicting tenants under section 8 housing?
Sha Zhu
First BRRRR finished in MA
Hello everyone,It's my pleasure to share our experience of the very first BRRRR story. Any comments and advice are welcome.Bought the property at public auction, purchase price 166K, occupied. We pulled out HELOC from...
Aaron L Rohlin
Start an LLC in the state you invest in or the state you live in?
Hello,I'm just getting started investing in real estate and have a tax/legal question that I'm sure everyone is going to say "contact a good CPA and/or attorney". I have emails out to both but haven't had much luck g...
Amber Forkey
Credit Checks on HUD Tenants in NY
Hi All! Looking to open a discussion on the legality of running credit checks on section 8/DSS tenants.Question: If the government program is not paying 100% of the rent, are we able to pull a credit report? Example: ...
Brenda Wright
The New York Eviction Law = 0 CashFlow Opportunities
"The only reason I'm not investing in New York is due to the eviction rule. A tenant can stay 4-5 years without paying rent while destroying your home." This is what every New York Investor keeps telling me. Is there ...
Jeff B.
Selecting between 2 applicants
Received 2 applications for tenants today for one of my houses. The first applicant seems to barely meet my requirements (primarily income requirements) and the second meets and exceeds the requirements by a signific...
Joy Ladignon
House hacking 1st home, want to get into BRRR or STR but need advice
Hello! I just joined since I've looked at some of the forum posts and love the helpful community and would appreciate some personal advice. I bought my first home (conventional loan 5% - 420K 3 bed 2 bath beach house)...
Becky Lu
Is LLC really necessary when you just start out?
Hi BP members,My husband and I started our RE investing and bought a 29-unit apartment in Texas and a 16-unit in North Carolina this year. (We bought our residence with a VA loan back in 2011 in California.) After rea...
Andy Sabisch
So how would you handle this type of tenant
Quick question . . . our leases state that the rent is late if not paid by the 3rd of the month and at 15 days, we will initiate eviction proceedings. We have one tenant that screened well (talked to the previous lan...