TRUNG DAO
Sticky situation with buying home with tenant's deposit money.
Hello and please advice...
My offer was accepted by the seller for $118k and we are scheduled for closing on June 25, 2014. This property has a tenant that pay about 1250 a month and is on a month to month w...
Minh Lai
Background Check in College Towns
Hello! I will be renting out a town house in a college town (Norman, OK). My question is should I charge a fee and use the money to do a background check? If they're a student I figure it wouldn't be needed. As for a ...
Robert Wood
Being sued over security deposit by tenant who never moved in.
Hello Bigger Pockets!My wife and I are looking for a bit of legal advice. We recently moved to the Seattle area from Texas with our 2 month old daughter, leaving behind three rental properties, two long-term and one A...
Austin Pekarek
New From Springfield Missouri
Hello everyone! I had joined BP awhile back but never formally introduced myself on the forums. My name is Austin Pekarek. I have started my own portrait studio business at the age of 14 (I am 22 now), currently have ...
Jeff Fountain
Cash out refi dilemma or sell Apple stock
I'm looking at my fourth purchase/investment property, a small single family home located on St. Simons Island, GA, I have a rental townhome in Alexandria, VA owing only 93K. The Alexandria townhomes, like mine, cur...
Dan Acampora
My First Deal
In 1979 at the ripe old age of 20, I was a fairly new Real Estate Agent yet one of the top listing agents in the area. While going through the expired listings early one morning I came across a bank REO listing that l...
Jack Stewart
Good or bad: Overpaying for a property with reasonable cash flow
Hi BP friends - I have a question and hoping some of you could share your opinion. I will go ahead and post the question, feel free to answer it and/or keep reading to get my full situation. Is it worth overpaying for...
David K.
At what point do you replace heatings systems in rentals?
I've got a quite a few units. All have older 25+ year old gas boilers. (gas baseboard) I plan to keep them long term. At what point do I start replacing the boilers, albeit before they actually break and have to b...
Eric Berkner
Investing in low cap rates, how does it make sense?
In the portland metro area, like most areas now, are low cap rates, near 4.5%. Mathematically it doesn't make sense to invest, however I am comfortable in this market and I know it very well. I'd be nervous dumping se...
Blake Hrabal
Colorado, Cannabis Industry & Getting Approved
It's 2020, Colorado, a thriving legal rec marijuana state. I am the Facilities Director of an indoor & greenhouse recreational marijuana grow op. I'm W2 salary employee around $80k/yr. Been with the company for al...