Michael Wolffs
Reference check on NYC mortgage broker
I'm trying to get a mortgage on my triplex. I was referred to a mortgage broker in NYC, and I've been working with him. Before I get to the point no return, I wanted to see if anyone here knows him, and has worked w...
Account Closed
New Investor in a Sticky Situation
Hi, all! I’m a relatively new investor and just bought a property near Savannah, GA a few months ago. Due to some life changes, I ended up moving out of the home a lot sooner than anticipated. Now that I’m no longer i...
Cheryl C.
How would you respond to this tenant question?
I have a tenant with 6 months remaining on a 2yr lease. I received an e-mail last week asking me what the renewal rent would be for a 1yr lease and for a month-to-month tenancy. I have never had a tenant ask for thi...
Jason Polen
Buying an Assisted Living Facility- WA State (Seeking Assistance)
Hello BP Community,
First-time post.
I'm under contract for a vacant assisted living facility (ALF)/ skilled nursing facility (SNF) in SW WA state. It was state-certified for skilled nursing and memory care for 36 c...
Zackarias Aitchison
What Metrics Do I Look At To Know A Deal Is Solid?
Hey! I'm new to the investing space, but I'd love to know... If I'm looking to invest in an STR that I'm going to hold for a long time, what metrics should I be looking at? What are some benchmarks you use personally ...
Nathan Henderson
New Lease Contracts @closing????
I currently own a handful of rental properties with great tenants and the purchase/closing of them were uneventful. I am in the final stages of closing on a quad that is currently full. The previous landlord structure...
Sylvia H.
Tenant stuck toy in the toilet and doesn't feel its her fault.
Have a question for all you landlords out there. I have in my lease a clause which states that the tenant is responsible for keeping the sinks and toilets working. Barring a leak or a gut replacement which happens, I ...
John Jackson Jr
Take full years rent from unqualified tenant?
I have a prospective tenant that does not meet the criteria of 2x monthly income and a credit score of 650+. He said times were hard and he was out of work but has money saved. He offered to pay a years worth of rent ...
Serge S.
Due on sale clause was called by bank!
I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into ...
Brian Gibbons
Article WSJ about Rent to Own
http://www.wsj.com/articles/rent-to-own-homes-make...Buy a property and do a lease purchase. Simple.