Chris Huang
Buying property with HPD Violations
Ready to close, but found out duplex NYC had several HPD violations (12) from August 2013. The seller is motivated and willing to lower the purchase price to get the deal completed quickly. What's the difficulty in ...
Rachel Pratt
Hard Money Loan and Downpayment
Hi, new RE investor here. I am looking at flip properties. I'm trying to understand exactly how hard money loans work. I've done a lot of research, but am left with one question.
So I've found that a HML will loan up...
Rema W.
Best Way to Move from away a "Legacy" Month to Month tenant
I have a legacy tenant who just transitioned to a month-to-month lease. I'm ready to move on from this tenant, fix the place up, and improve the asset. What's the best way to go about this? Give them 30-day notice, et...
Abdul Azeez
Tenant issues and Property Management
I have a property in Memphis, TN managed by a Property Manager. The last several months there have been one repair after another. I raised a red flag to the property manager due to these recurring expenses for fixing ...
Keith W.
Home Equity as Collateral for Hard Money
Recently, I came across a lender (not sure if Hard Money Company or Private Money) who will provide loans based on the equity you have on your current properties. The beauty of it is that you receive all the money at ...
Alden Tinder
Senior in high school... best way to build credit?
I’ve been looking at investing into real estate for almost a year now. I could pay cash but I thought to myself with such low interests rates why would I want all that equity tied up. I’d like to think I’d be able t...
Keith Thompson
Tax Lien Foreclosure & Lifting the Bankruptcy Automatic Stay
I’m headed to BK court next week to petition the court to lift the automatic stay, thereby permitting me to resume/conclude foreclosure on a tax lien certificate in Maryland.The property is an investment for the owner...
Bill Dodge
Excessive damages if house is un-rentable - is tenant responcable
If the out going tenant puts multiple holes into the walls and therefore makes the property un-rent-able until the holes are fixed, is the out going tenant responsible for the loss in rent income ( 1 month) and can i...
Jeff Lappe
What happens to deposits when I buy a property with tenants in it
I am a new pro on BP and new to REI. I am looking at my first deal on a multi-family that has existing tenants. What is done with the deposits that the current owner has collected, so that if I buy the deposit refund...
Steve Rozenberg
What Don’t You Charge Tenants for Concerning Maintenance Issues?
Do you have things you don't charge the tenants for with maintenance issues?