Our tenant vacated our property, leaving extensive damages that surpass the security deposit. How can we effectively pursue the charges if the tenant refuses or ignores the responsibility to cover the repair costs? A...
Hi BP Community: I may need to consult with an attorney on this, but I was informed by a property manager that collecting rent in advance (ie 3 months, 6 months, etc..) could pose a problem for Landlords in Chicago d...
Quick question about property management:In your opinion, is it better to hire a property manager (pay about 7-10%) for a company or use a software system to save money ? Asking for rookie investors
Hello investors!
Many of you talk about borrowing against a self directed IRA. I have no such thing but in studying creative financing, I heard about borrowing against a life insurance policy. I have not accrued much...
Hello all,I'm in the middle of a contract for my second property, and I have some questions about insurance. 1. How do you select your insurance policy? Do you ask for number of quotes and compare? 2. When you have mo...
Hello,I am new to real estate investing and decided to go with Easy Street Capital as our lender for the DSCR loan.They already ran out credit and we went under contract on a property after getting the pre-qualificati...
Why would a person who is in pre-foreclosure with a deadline quickly approaching not be motivated to sell their house? They are going to be homeless real soon if they don't pay what they owe. Why are they not motivate...
Hello!
I have a tenant currently in the eviction process and I was hoping to get some feedback/advice/suggestions for dealing with the recent events. Here it is:
- October rent never paid.
- 7 day delivered on 10/6...
Assuming you have a corporate job with employer matching 401k, would you save money for down payment for real estate investment or would you invest in 401k?I understand this question can be answered differently depend...
I wasn't sure what category to put this in and I am not ready to name names quite yet but I am in the middle of a very frustrating RE deal. I would like your input on some things I have just learned.I am a former flip...