Sean H.
Collecting late payments via Credit Card
I own some rentals in blue collar areas. Some houses are notorious for being occupied for 3 months no issues, then late payments, then partial payments, then no payments, and eviction. They cash flow excellently whe...
Derek Sperzel
Tenant purchased a dog and is now in breach of contract
We have a tenant that moved into our old house, and she has been there almost 3 years. She takes good care of the property, has a young family, and seems to like living there. She is currently on a month-to-month le...
Peter Halliday
Payment and LTV percentages
I’ve heard investors say you should stay away from low payment notes. I’m wondering the rationale. As long as the yield is acceptable, I’m thinking what does it matter? I guess it could limiting because of you want ...
Steven Williams
Can I legally bypass a listing agent in this case?
I have recently talked to a motivated seller who received a piece of my direct mail. The numbers are tight, however, if I can work with the seller directly and he doesn't have to pay the realtors commission I belie...
Michael Guttman
Memphis Invest Reviews?
Hi
I just signed up to Biggerpockets and live in Simi Valley. Since I live in outside the LA area, investing locally is way out of reach. The idea of investing out of area is a bit scary, so turnkey looks ve...
Brian T. Grooms
Starting rental property portfolio with 100% equity in one rental property
Hi all,I am new to biggerpockets and eager to start building a portfolio of rental properties. I currently already own one rental property free and clear. So far with my one property, I have had a great property manag...
Jason Clark
This Landlord Stuff is Hard Work!
This is just a minor vent session but I got my first taste of real world landlord work this past weekend. And not the good kind. Not the "retire by 40 and travel the world" kind but more of the "your tenant will try a...
Tyler Mutch
Poor screening, how can I solve?
Hello, ***I want to acknowledge ahead of time that I did not screen well enough and that I made a HUGE mistake in my tenant selection***I finished my FIRST EVER rehab in a pretty solid Milwaukee area probably B-/C+, a...
Bienes Raices
Mortgage was sold to Ocwen--what to expect?
The mortgage on my personal residence was just sold by GMAC to Ocwen. I'm pretty nervous because there's tons of horror stories on the web about Ocwen (saying the payment wasn't sent in when it was, and many other mis...
Marc Pfleger
Protecting my money in a rehab partnership
I am considering partnering with a contractor on a rehab and need some ideas on how to protect my investment in the property. The contractor used a hard money loan to acquire the property and would like for me to ...