Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
Tenant moved in the first week of December and there's been an excess of communication from the owners for somewhat minor issues or concerns.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.
Randall Gonzalez
10K Club Jerry Norton - Who's in?
13 January 2025 | 18 replies
So you need to risk paying 1000$ and then you pay like 5000$ or more earnest money deposit with your OWN MONEY. if Jery doesn't accept your deal then you loose your 5Kcorrect me if I'm wrong
Carlos Olarte
Is it worth building Adu's in Orange County / Long beach ?
23 January 2025 | 12 replies
9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.
Kevin Robert Highgate
New to Bigger pockets - New to Investing
1 January 2025 | 3 replies
The cons as i see it include loosing the 2 of 5 year cap gain exception, typically not an ideal rental because the emphasis at purchase was buying a good home for your family and not a rental with optimal return (my ex-home consistently has the lowest cash flow for equity in my RE portfolio), not disconnected enough from the property causes addition angst on damage and may result in over improvement.
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
Having rentals that just pay for themselves or generate excess cashflow you can tap for other things?
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
The people are a bit abrasive and the fees are excessive.
Nicholas Haubner
4-family to 5-family with owner occupied unit
4 January 2025 | 5 replies
When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.
Lucas Miles
37-Unit - HUD Section8 HAP Multifamily
28 December 2024 | 3 replies
We will quickly correct the excess spending, and fill the vacant units with quality residents.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
Just like @Mark Cruse stated I don't want to loose money every month on any investment.
Tara Montgomery
Emergency Sale Ideas
30 December 2024 | 4 replies
I have never seen a judge turn down a request for more time for a qualified sale, unless the homeowner has already abused the system for excessive periods of time.