Pete Sloa
HELP!! Bought 2nd mortgage on Judicial sale in Illinois, Cook ct
So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.Th...
Logan Allec
Tenant just asked if I'd be interested in rent to own.
I just got this text from one of my tenants. They have decent (not great) credit, have always taken ownership in the property (maybe now I know why?), and never been late on their payments. They're fully-employed, a...
Nicolas Franckenfeld
How to 'hide' from your tenants. Need suggestions.
I, like most of owners with more than a handful of leases, tend to put some sort of separation between the tenants and me. With most properties, this separation, usually via a management company, is desired to preve...
Lisa Liberski
Setting up C Corp with IRA funds? Experience with Guidant Financial?
Looking to possibly set up a C Corp and have our IRA buy shares so that we would have available capital for fix and flip opportunities. Does anyone have this arrangement set up or had in the past that can give me advi...
Jeff G.
Carpet ruined - Do I have recourse? Should I pursue?
I had tenants rent my 2,850 SF house for 5.5 years. They disclosed their four dogs before signing, and they gave me a $500 extra deposit for that (in addition to last month's rent). And the wife said to me as they wer...
Christina R.
First rehabs approaching - what do I need to do first?
I'm getting ready to do a "2-fer" and, with a partner, rehab two homes for rentals. My partner is experienced and I intend to ask him the same question I'm asking here (and I know he will thoroughly educate me which ...
Joshua D.
Is everyone ready to hear my crazy deal of a lifetime?
So seriously landed a deal that blows everyone of my other deals out. Me and my wife have been ecstatic and my father in law who is a big business man in the area cant believe it. Thanking god every day for my blessin...
Cameron C.
Committing Mortgage Fraud via Househacking Strategy
Hey BP,I'll try to keep a long story short. Currently about to purchase a 4BR 2.5 bath single family that I rent in Pittsburgh and turn my 3 roommates into tenants. The advantage of this is that it will continue to ...
Joshua Dorkin
How To Evict a Tenant: The Ultimate Guide
Hey guys - We just put out another guide in a long line of epic content . . .How to Evict a Tenant: The Definitive Step by Step GuideThis is about as comprehensive as it gets. If you are a landlord or are thinking ab...
Account Closed
Is it worth it to sue?
Hi BP,I am seriously considering suing my PM, and would like to hear what other landlords would do in this situation.Recently one of my Dallas rentals became vacant. It was originally rented to an elderly couple and t...