Steve Erkens
Late payment lease clause
Hi, I have a tenant that has been late with their rent for the past 8 months. Same game each month: 10 day notice given on the second of the month and then they pay on the 12th. However, they take good care of the p...
Kim LeJeune
Tax Advice for a "Lease Option".
Hi,
I have a house that is owned fully by me (no mortgage) that I created a lease option on with a lessee. The FMV is about 165k. I received a 15k down payment and am receiving monthly payments of $1578 for so many ...
Michael Campbell
Rent Credits
What is the best way to structure rent credits on lease option deals? I understand that there may be dodd-frank issues there, but how does one create incentive for the Tenant/Buyer to where they are somehow chippin...
Ryan K.
HELOC ? Credit Cards? FICO 2nd Rental Property - NEED ADVICE
I'm looking to buy my 2nd rental property, but have some financial questions.1. I own my own home and can take about $13,500 for a HELOC to use as a down payment. Q - If I do this, and then try to get a bank mortgage ...
Jorge Astudillo
What kind of loan options are out there?
Greetings Bigger Pockets community, I have a couple of questions: My father in law paid yesterday his mortgage $1663.96, $29 went to the principal the rest are interest, his credit is 650 and he is not too sure abou...
Kevin L.
So I went hunting for a Property Management System
NOTE: I have not received ANY form of compensation for this post. None was requested and none was/will be accepted. I am writing this to simply help other people that may be in the position that I found myself.In J...
Layla Sewell
New construction homes - est taxes
Anyone know how to estimate taxes on new construction homes? I’m going to purchase a new construction home and I want to estimate the taxes. Anyone know how I can estimate what e tax bill will be? This will be in Sout...
Yongming Huang
Best app for independent landlords
I was trying to find the best software to manage my rental properties. Every app out there claims that they are the "one-stop" solution. Are they? I set out to find out. I created a spreadsheet to compare the eight ap...
Dan Biga
Owner Financing Advice Needed
I have a 2/2 condo in Gulf Shores, AL that I owe right at 250K...the condo is probably currently worth 115K...I have a potential buyer that is interested in me "owner financing" the deal, and she basically take over m...
Chris Heppner
Is 20% typical for Commercial Loans?
Is the typical down payment for a commercial real estate property 20%? I’ve heard differing stories so I’m a little confused.