Ian Crane
Bad Loan Processing, Lock Expired, What Now?
I put an offer in on my first deal on May 1st this year. My rate lock at 4.25% in the GFE expired on June 17th. After months of poor communication and performance on their end, I finally got final approval to close ...
Account Closed
Is a degree worth it?
I should first start out with my situation/background.
I'm 18, currently in my 2nd semester of college studying Electrical Engineering. I am also really interested in real estate investing. I have been exposed to it...
Horacio Gutierrez
Raising rents every year
If you raise the rent every year, do you always need to fix something small on the property to justify you raising the rent or every other year you dont have to improve something and just tell tenant raising rent for ...
Mindy Jensen
Looking for ways to repair credit
What is your favorite way to repair credit? Have you used a certain strategy that worked really well/increased your score significantly?I'm not looking for the credit repair equivalent of a get rich quick scheme. I'm ...
Jun Wang
AC broken down on first day... is it always like this ?
My tenant is moving in today and I got an email from my PM that the AC is not working....Is this my bad luck or is it always like this on a rental ? The unit is about 5 years old and it was working great when I stay f...
Curtis Bidwell
Legislature Puts Washington Landlords At Risk
In an effort to address the housing crisis the Washington State Legislature has numerous bills to consider, most all of which limit a landlord’s ability to conduct business and preserve their financial investment. La...
Blake Schreckhise
Using a HELOC to pay off my home quickly.
Just heard about a friend of a friend who is using a HELOC with the intention of paying off his home quickly. The basic idea is that you use a HELOC to pay off your original mortgage. Then instead of having your free ...
David J.
Huge red flag, What do you think?
It's been a little over a year since I first allowed a specific tenant to move into my property. I let her know that enough time had passed and I would like to do the first annual inspection and asked her to provide a...
Arthur J. Encinas
1st offer on REO property
Hello everyone and thank you in advance for your answers and insight.I'm looking at a SFR REO property-3/1, 994 sq ft, 9600 lot size. NOD deed was for $98k. It was on market for $70k and now down to $62k. Comps are ...
Account Closed
Mortgage Underwater $30k After Almost 10 Years of Ownership!?
Hello BiggerPockets Community!I really need some advice on whether to hold or sell my rental property. Here are the details.In 2011 I bought my first home, a 1 bed + den, 1 bath condo for $227 000. I paid way too much...