Jacob Lapp
Buying Second Multi-Family
Hey Everyone,I bought my first triplex last August with the plan to claim residency for the first year. My plan is to do this every year. Buy, claim residency for a year and repeat for the next 4 years. When I bought ...
Jimmy S.
Landlord responsible for fixing the washing machine?
I did advertise the unit with a washer and dryer which would stay from the previous tenant left. Washer broke and tenant told me and wants me to buy them a new one. I told them the previous tenant left and they cou...
Mijin Kim
Deal Analysis - West Philly
Hello, I pulled a trigger - somewhat impulsively - last night at a meetup to make a purchase offer on a deal. I made a $2000 deposit on the spot. I think it's a classic, not too exciting but small and consistent buy-...
Scott Rosslow
South FL: tax certificate -> foreclosure -> victory?
In South Florida my wife owns a Townhouse in a small HOA 4 units. Names are changed for privacy.Wife owns unit oneFish owns units two and threeGold's estate owns unit fourMy understanding is over a year ago Gold passe...
Account Closed
I/O (Interest Only) Mortgages, Good or Bad?
Very Good financing tools! As a Mortgage Broker, when you hear someone say I/O (Interest Only) mortgages are bad, the very first thing you think is that you're talking to someone who doesn't know squat! ...."Oh, we h...
Zachary Loch
Any Advice for a Skeptical Sophmore in College
Hi Everyone,My name is Zach and I was introduced to the world of REI and BiggerPockets from my obsession with podcasts and long term finance. I am from Plano, TX (suburb of Dallas).I am Currently in college at Baylor ...
Scott Weaner
Clogged Sewer Trap...AGAIN!
One of my homes has had the sewer trap clog 3 times in the past year, with sewage backing up into the basement from the washer drain pipe. I would like to figure out how to do some prevention. Any ideas? I have though...
Robert Jackson
Is this statement used to turn down Section 8 really legal?
HI everyone, So I have noticed a trend among some of my fellow property owners here in Los Angeles, California. As you may know, it is illegal to deny someone the opportunity to apply for a unit simply because they ha...
Tyler Dunlap
PM sending repairs off to his own company for enormous markups!
Hi all, I am furious. After some investigative work, I confirmed my suspicions. My property manager has been severely overcharging me for repairs for months. Like ridiculous markups. As it turns out, this guy OWNS...
Jon Q.
Calling all female real estate investors. Are there any?
This headline was meant to call attention. Of course there are some female real estate investors on BP, but, based on my experience, not many.In over 14 years of investing across multiple states 99.9% of the investor...