Mary Ainsworth
Tenant has no income but money upfront - too risky?
I know people say not to accept tenants if they have no active income, but this is a medium-term tenant who would stay 3 months and they can pay the entire 3 months upfront. In this case, is it a risk to let them stay...
Don Konipol
Thoughts on “subject to” deal making
There’s a lot of negativity out there concerning the risks (especially to the seller) of subject to deals. To sum up the risks to the seller; the seller remains liable on a note which is secured by real estate they n...
Douglas B.
Do you run background checks on ALL tenants, or just the one signing the lease?
(a sub30kclub topic)
I'm thinking about renting a duplex to section 8 tenants. To protect myself, I'm thinking about insisting on running a criminal background check on every person who will be living in the...
Brian O'Neill
Unfair Laundry lease with shady company
I recently bought a 6-plex and there was a washer and dryer in the building. Nothing about any contract or lease was mentioned by the seller at the time of closing, and admittedly, I didn't ask what the deal was w...
Brandon McLean
Airbnb house rules - any ideas?
Hello, I'm about to furnish a house and put it on Airbnb...in the podcast about Airbnb, she mentioned her house rules... just wondering if anyone had a good list of house rules they'd like to share, or if we as a grou...
Chris Nwoke
Need Advice On First Potential Deal w/ Title Issues
After doing some searching, I ran across an ad by a motivated seller. His asking price is $60K for a 3 bedroom house that needs $30K in repairs and has an ARV of $160K. From what I can tell, this sounds like a good ...
Seth Larson
VA to Non owner occupied Refi advice
Im looking a purchasing a multi family in Kansas City. I spoke to the VA loan office and they said I would likely be approved. Being that VA is Owner occupied for the life of the loan, not one year like many people li...
Christian Wathne
How I lost $163,000.....what's your biggest mistake?
Hindsight is always 20/20 right?What's the biggest mistake you've made?Mine would be....Early on I didn't understand the power of BRRRR or buy and hold; I thought flipping and quick cash was the way to wealth. My bigg...
Will Kirkendoll
tenants wants to pay a couple months in advance?
hey BP, I have a quick question. I have a tenant that just started renting this month. everything been fine so far she even paid today. two days before the first. Now she wants to pay a couple months in advance. shoul...
William Devine
Start my own mortgage company for mobile home financing?
I am about to solidify the purchase of a fairly sizeable mobile home park in Northern Illinois. I'm thinking about the possibility of also starting a separate mortgage business so I could offer financing for those who...