George Hernandez
HELOC denied because of low LTV
17 November 2024 | 7 replies
well 70% of 455ks isnt much more than you currently owe at 283k the 70% of 455k is 318.5k and after closing items you might only net 20-30k tops (new loan minus current 283k - closing items = net proceeds in "hand.").So The question you should be thinking about is what are my closing items and is this enough cash to accomplish my mission/goal?
Vanessa Lule
Newbie in Rental Arbitrage –How do I Analyzing Profit Potential?
19 November 2024 | 14 replies
You should negotiate with the landlord that you don't mind taking care of small repair items such as tighten screws, drywall and paint repairs.
Ana Mills
Separate credit cards for each airbnb? Or is that complicated to track?
20 November 2024 | 13 replies
The most important thing is going to be staying organized with what items are purchased for which property.
Steve Rozenberg
Needy Tenants
22 November 2024 | 15 replies
She hounded me a few days, told her I haven't received the application and when I did, it was trivial to legally deny.Just another joy of being a landlord.If NEEDY applies to an existing tenant, refer them to Social Services or Hospice.
Stephen Hood
Advice on selling to access equity
20 November 2024 | 6 replies
My AC unit has another 3-5 years before it’ll need to be replaced so I’m thinking this may be a clean exit before large big ticket items start needing attention in the next 5 years.
Mario Morales
Renting Non-Conforming Garden Units in Chicago
21 November 2024 | 11 replies
Your definition is correct for "legal non-conforming".The "legal" part of "non-conforming" is dropped when it doesn't apply so most commonly people call these units "non-conforming", "finished", "in-law suite/unit", or "bonus unit".Non-conforming: Any property that doesn't meet current zoning requirements.Legal non-conforming: A non-conforming property that was lawfully established under previous zoning regulations and is allowed to continue its use.Based on his posts @Mario Morales is referring to a non-conforming unit.
Pat Arneson
Anxiety Over Rehab Costs
25 November 2024 | 23 replies
Even if you try to put a dollar amount next to each item and you don't have much experience, you won't be that far off.
Collin Schwartz
Trading W-2 for Self Management- 0-92 Units in 16 months!
1 December 2024 | 377 replies
I have one in NE FLorida, he used to own 300 doors, I call him and run my deals by him, I am hoping to get smarter about deals and have him point out items to me SO THAT he can manage them for me, he manages 20 doors now instead of owning.
Jason Porto
Reserve Fund Contributions
18 November 2024 | 12 replies
Set Aside for Major Repairs: Most Cap Ex items have a life expectancy.
Vivan Bhalla
Akron Property review and advice needed
19 November 2024 | 3 replies
Read our copy & paste advice below on better screening for a PMC.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.