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Results (10,000+)
Mike Most Debating between markets
28 June 2024 | 14 replies
Not sure the competition is any less and right now rents probably have not kept up with sales prices so are a bit out of balance
Grant Francke Buildium and Quickbooks work flow
26 June 2024 | 22 replies
So correct me if I am wrong, the reason being that you cannot reconcile bank accounts, credit cards, cannot epay or print checks, track loans, fixed assets, view a Balance Sheet and more.Saying that in QuickBooks you can create automated invoices.
Mary Jay Do you rent to people with bad credit?
26 June 2024 | 17 replies
Ok, now add in the first one, with 745 score, has a current aggregate balance on the laundry list of consumer credit accounts of about $38k.
Rajib Bahar Frustration with the insurance company
27 June 2024 | 8 replies
Send them notice of balance due, file collections, and sue them in small claims court. 
Dean Valadez Paying mortgage on a former personal residence turned rental under an LLC
26 June 2024 | 2 replies
Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.
Alexander Wehrmann Convert my home to a rental and sell equity
27 June 2024 | 6 replies
Check in with @Joseph Chiofalo he's working on several high balance cash out transactions for clients and they can close very quickly.
Alan Wolkov Land Investor Course Recommendations
27 June 2024 | 28 replies
This will not be the case on some of the lower priced properties that are abundant in this area.DON’T FORGET ABOUT THE CURRENT YEAR’S PRORATED TAX BALANCE!!!
Eddie Torres Am I looking at mortgage interest deduction on primary home correctly?
26 June 2024 | 6 replies
Let's say my 1st mortgage balance is $600k and I want to take out a 2nd mortgage for $150k for home improvements which makes the interest on the 2nd deductible as well.
AJ Wong What is an Assumable Mortgage? How they work & ways to close with a portable loan
25 June 2024 | 2 replies
The buyer must come up with the difference between the seller(s) current mortgage balance and agreed upon sales price, plus closings costs. 
Ray Loveless Is Ohio a landlord friendly state?
27 June 2024 | 47 replies
Link below.Per the forum post, you only have to pay interest if you collect a greater security deposit than one month’s rent, and then only on the balance that is greater.