Account Closed
Hard time selling a turnkey investment property.
27 June 2018 | 4 replies
Unfortunately some of the investors I've spoken to have this mentality that "the best deals aren't listed", which is a ludicrous idea to me, because no one is exactly going to call you to an alleyway pulling a house out of trench coats, but nonetheless, I'm curious as to what the biggerpockets' community thinks of this situation.
Bryan N.
Do you outsource your tenant screening/placement by using a realtor?
11 November 2014 | 23 replies
I think there is a "penny wise, pound foolish" trend happening.
Bao Nguyen
beware: landlord insurance policies do not cover theft/vandalism
6 October 2014 | 44 replies
Lesson learned.Another rental property had the copper pipes stolen while it was vacant.
J. Martin
Being frugal paid off in RE: $1k car, $1MM in RE, $140K/yr gross rents, and free couches..
6 January 2016 | 82 replies
Been house hacking for the last 3 years so I could apply every penny I make to RE.
Jimmy S.
How would you handle this?
29 October 2014 | 43 replies
Give tenant security deposit back $1100 minus the water/sewer bill (around $150) and they will vacate the premiss on the 29th before the court dateor take them to court spend $600 in attorney fees and court eviction paperwork and keep the $1100 but tenant can do alot more damage and will not be gone till November 15th - 25th. attorney said its a easy win and will get judgement but no money because they have noneso it comes down to $500 loss for getting my property back 2 or 3 weeks earlier and knowing they wont do any more damaged.I am leaning towards giving security back and letting them win but they will not get a penny till attorney says its ok and they have vacated the property and did not cause any more damage, sucks but either way I lose which option would you choose?
Porter Rappleye
Why is REI better than investing in the stock market?
3 December 2014 | 165 replies
If this is your primary residence, every penny of the gain is tax-free, whether you are single or married.
Justin Morris
Changing Directions, Advice Welcome
12 April 2013 | 14 replies
As much as I would really love to jump in a buy something now in a hot market like ATL or Phoenix I don't have a penny to put down so I am really not sure how I could make that happen.
Chand P.
How to lend huge amount to a friend?
14 November 2014 | 21 replies
If the business went under and your loan was part of that, you may be low on the list to get paid and it may only be pennies on the dollar, if at all.
Traver Freeman
Buy and Hold Markets for Beginners
8 July 2015 | 81 replies
@Traver Freeman and @James BarnesTraver,Late to the conversation but I like the discussion and as always I have two pennies of my own to contribute.Let me first say, you are a sucker in the making.
Owen Dashner
Poof - 2 years of cashflow on 3 houses gone in one day!
13 July 2016 | 110 replies
I had a client who had to re-plumb half of a duplex at a cost of almost $5000 because there was a leak in the slab because it was old galvanized pipe whereas the other half of the unit had new copper.