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Results (234)
Daniel Miller Assuming a Mortgage...RE Agent says can't be done
7 May 2014 | 16 replies

I am trying to purchase a fourplex.

My parents (due to my lack of credit history) have stated that they will assume the existing mortgage. I talked this over with my RE Agent and he said banks will probably n...

Mindy Jensen Set For Life! - Podcast Episode 223 with Scott Trench
29 April 2017 | 53 replies

Our very own Scott Trench has written an amazing book called Set For Life: Dominate Life, Money and the American Dream . On this episode of The BiggerPockets Podcast, he talks about his book, how to get ahead in life,...

Jered Sturm Tricky Tax question on sale of primary residence.
6 May 2018 | 27 replies

So I will begin by saying I have already spoke with my CPA regarding this. I am here for second opinions from other wise investors and CPAs. I purchased a home 9 months ago to live in with my wife. Shortly after I bou...

Jon Klaus Month to month vs. 12 month lease
22 August 2015 | 42 replies

I know some of you are only doing month to month leases for flexibility and control. But what do you do if you have a really good prospective tenant who "needs" a longer term? Perhaps they just left their last renta...

Amy A. Sound proofing units
3 October 2014 | 51 replies

I recently purchased a 12 unit building which I would like to take from class C+ to class B+. There are two 3 bedroom units on the second floor and the rest are 2 bedrooms.  I was just given notice (for November, not ...

Will E. Why Are Real Estate Commissions So High?
19 August 2015 | 29 replies

In a competitive market, you would expect real estate commissions to get competed down between brokers.   For reasons I don't understand, commissions stay high across all brokers at around 5% to 6% per deal.   Can som...

Johnathan Butler PLEASE Critique My Thought Process on a Potential Deal
27 December 2014 | 31 replies

Hello BP Nation,I’m looking at purchasing my first RE investment property in the west suburbs of Chicago within the next 90 days. In an effort to mitigate the amount of catastrophic mistakes that I’ll make as a newbie...

Jill F. Rent and Covid-19-our letter to tenants
8 April 2020 | 73 replies

Below is the email that we just sent out to our tenants. Keep in mind, most people don't pay rent just because they fear eviction...Most people pay their rent because they are honest and they honor their contracts. Yo...