Bill Lake
Inheriting a tenant, no lease, no security deposit
Closing on my first househack. As is sale.There is a tenant in one unit, who's been there for 12 years. Tenant remodeled the unit, has good relationships with the owner(seller) but was cought off guard by the sale of ...
Account Closed
Eviction notice for a property I am trying to buy
I just put a house under contract and I am trying to figure out how much notice I need to give the tenant if the deal goes through. I know that here in Portland, Or. there have been some changes in our laws in favor o...
DAVE FREDERICKS
Is buyer's financing plan on the up and up?
I have a rental home that is being renovated. Last week a guy stopped by and asked how much I would sell for in the unfinished condition it is in. I've never sold a home before without going through conventional sourc...
Dan Krause
Whats the difference between a "commission" and a "fee"?
I am refering to fee as "consulting fee" or "referal fee" . In a bird dog deal, where finder is not licensed, does asking for a consulting fee or referal fee instead of a bird dog fee make you legal enough to obtain a...
Joe McGovern
What to expect out of a real estate agent
Hello BP!
I'm a new real estate investor and got connected to a real estate agent from a friend who is an active investor in our area. The agent has been delightful to work with - answers questions very quickly, flex...
Frankie Renaldi
All about structuring the deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $84,000
Cash invested: $9,000
3 bed 1 bath cape cod, corner lot, fenced in yard, hardwood floors, good room sizes. ...
Patrick Rowe
What do you think about this deal
I have my first rehabb under contract for $62,000 it's a 3br/2ba 1531 living area. I have a local bank that will finance 90% of the deal. There are housing in the area selling for $90 per square foot. My banker had th...
Johnna Lodge
How to sniff out a scam for use of funds?
I have been active on the internet lately promoting some properties.I received an email asking if i needed use of funds and for what for from a direct internet connection.I responded with:Transactional funding use of ...
Tim S
My first investment property questions
I'm getting serious about purchasing my first investment property. I could use some advice/recommendations to help decide between 2 potential properties. Both are REO properties and I estimate both will need an addi...
Michael S.
Money Order Fees - Who Pays?
If you accept money orders as payment, do you generally require the tenant add an extra amount equal to the cost of cashing the money order? Or is that something you, the landlord, pay for?