I have a rental house and the rent is due on the 5th of the month. I give a 5 day grace period after the 5th. Say that they pay on the 13 of the month. Do you charge your daily rate for them being late or do you let i...

I collected a hefty holding deposit from them a month ago to hold the place for them. Last night was our appointment to meet and collect first/last months rent, get the lease signed, and give them keys. Got it all don...

Hello folks! Thanks in advance for any help. My first few weeks as an investor have been exciting to say the least!I took a contract assignment and closed on this SFR Jan 16. The prior lease had expired back in Nov. H...

I just started managing one of my rental units after a several year hiatus (it was managed via a property manager during the interim). 
I'm screening applicants for a vacancy, and I noticed something odd. I pulled wh...

Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...

Hello BP,I was wondering what I could offer to seller's as far as a seller-financing option? I'm looking at apartments in my area that go for $300,000 to $750,000 and they are relatively motivated.Do credit unions all...

Most conversations I'm having with investors / business owners who have been through other crashes are all excited about the opportunities to come over the next 6-12 months. Maybe even 18 months down the road. Once th...

So we closed on selling our second flip today and both deals were with a hard money lender and a wholesaler, at the end of the day we lost money.  We thought we had made a small profit on the first and had rolled in t...

BP,
Hope everyone is gearing up to have a great, happy, and non-political :) Holiday season!
I wanted to get everyone's thoughts on being a Realtor and what the "status quo" (for a lack of a better word) is regardi...

Hi,

I'm been trying to understand the area of Self Directed IRA / 401ks
for the past few months (albeit in an on and off manner, I've read
several IRS publications on the subject).

I then ran into this Forum today a...