Tandi H.
Problem tenant demands to speak to my attorney, how to respond?
We recently purchased a property with two inherited tenants. One of them is a "problem tenant". The previous owner said they were going to terminate the month-to-month lease if they hadn't sold the property to us. ...
Robin Evans
Can I change provision for month to month lease?
Hi BP friends we just closed on a 4-unit mixed use property (super excited!)and inherited three units' tenants. One tenant's one-year lease is up but a new lease is not signed previously so she is on month to month no...
Samson Kay
Submitted my first letter of intent on Master lease with option
I'm excited. The seller has already stated that he would entertain a Master lease.
After walking down the property and neighborhood I decided that this was the perfect storm for this strategy! A subrenting bu...
Yossi Barazani
Got a letter saying that the house I just purchased at a trustee auction is cancelled.
I purchased a house in a Trustee sale auction a week ago. Three days later
I received a letter with the funds returned and no other explanation.
I called the trustee office and my understanding is that they decided t...
Joseph Coleman
Thoughts on using series 7 to qualify as an accredited investor?
Has anyone successfully used a series 7 in order to qualify as an accredited investor to invest in RE syndications? If so, can you share about your experience and any potential benefits or drawbacks? I have been consi...
Account Closed
Deny applicant due to attitude/inappropriate comments
I worked through an application and was able to approve the applicant. As time has drawn near for move in, utilities have been a topic of conversation. During such - via text message ((in writing)) the applicant made ...
Tina Bo
Tenant still in house 1 week before closing
We are purchasing a home that we intend to live in as our primary residence (we have two other investment homes out of state so it's not our first rodeo). We are purchasing the home through the seller and her agent, h...
Ryan Doyle
I think I found a deal on a MHP...need input...
I'm currently in the initial phases of talking with the owner, but here is what I know so far:Rents are about half of market...owner is aware of this. He hasn't raised rents in over 10 years as he prefers to keep the...
Umesh Menon
Victimized by WireFraud on a Real Estate Sale - Need advise
Hello BP Community,We sold our home and the portion of the funds (~ 400K) that had to be wired to our Mortgage Servicer was sent to a fraudulent account (Wire fraud) by the title company. While Title company is invest...
Derek Gibbs
Found What I thought Was a Deal But,...
I found a very nice C class building with 10 units near me that seems like a great deal on the surface. If you use the 50% rule, the numbers are great. However, I have a list of expenses from the owner that total 65%....