Karli F.
Is it ever a good idea to return pre-paid last month's rent?
Hey guys, I'm in Minnesota and my renters did not meet the credit score requirement so they agreed to pre-pay the last month's rent as assurance. They are coming up on a year of timely rent and have been great tenants...
Andrew Robbins
Does fired property manager owe me money for...
In November, I fired my property manager for general ineptitude. On December 1, a tenant abruptly moved out with no notice. When this tenant signed their lease last spring, they pre-paid their last 3 months Mar '18 ...
Tom Martinez
Prepaid mortgage interest on seller financed property
Does anyone know if it is possible to write up a settlement sheet to show a lower sales price, and "prepaid mortgage interest" as a line item. Not at all sure if this is doable but I am looking for ways to lower t...
Wendy Busa
Property under contract recvd lease not signed no rent rolls
I have my first property under contract, it is a duplex. I just received the leases, if you could call them that. They are not signed. When inquiring about credit checks and background checks, I was told none were don...
Bhushan Walde
Beat way to solve this issue with six month lease
I made a mistake of signing 6 month lease, tenant paid 6 month rent in advance. But just after 3 month want to vacate the house, as he bought the house. As per lease agreement, I can only charge $100 for lease breakin...
Jacqueline Ho
LLC loan interest rates over the last 5 years and refinancing
Hi everyone! I am trying to understanding the history of interest rates for an LLC loan. My partner and I are in the middle of purchasing a duplex in the Philadelphia area. We are taking a loan out on the LLC with one...
Everest Jordan
Closing cost sticker shock !! - $14k , this is real?
So I was given these numbers by my lender that set me up with my pre-approval letter:
Purchase Price - 350k
Down payment - 5% = $17.5k
Closing cost = $14k
Location of unit - Montgomery County, MD (zip 20874)
Is $...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Ben Smith
Potential Tenant with Commission based job
I have recently purchased a 3 bedroom townhouse in the state of Nevada. I am now looking for tenants. There is one person that lives in a smaller unit across from the one I'm renting that is interested in upgrading. T...
David Littleton
Who Pays Closing Costs
I'm assuming in an assignment, the buyer you assign it to will ay closing, but who pays closing in a double escrow?