Gerry Harris
100k in the bank and 100K in debt
Hello all! This is going to be a rather long post, but I am very perplexed on what I should do with my very current/upcoming situation.Long Story Short, for all intensive purposes I am about 100K in debt6k left on car...
Kevin Prentice
Landlord vs. Tenant -- Anatomy of a Trial --
Went to court today. >>>> in the words of Judge Smails (from the movie Caddy Shack) "didn't want to do it...felt I owed it to them". Sorry, that just came to me. Anyway......If you're going to be a Landlor...
Bryan Hancock
Filing Liens On Property To “Protect†(Hide/Mask) Equity
I have heard of many investors filing liens on property or on friend’s property in an attempt to fend off legal challenges that would arise from someone identifying this equity. I realize that entities can be used ...
Alex Williams
$2 million to invest - need $20k per month
I am the trustee of my father's trust. He has $2 million available and I need it to make close to $20k per month to cover his monthly expenses. This must be fairly passive. My idea I am toying with is to invest in $2 ...
Traci Lovelace
Huge hairy mess
Closed on a house from HUD on Monday. Learned today that when Bank of America foreclosed on the property they did not include the second parcel number in their paperwork. This trickles down to us only owning one of th...
Jesse Collins
Tenant Attempting to Break Lease Due to Heat
Hello everyone,
I have a property located a little ways outside of the DFW metroplex (east). It is a duplex. I am having problems with a tenant, and their heating/cooling. For context, this duplex was built in 1900 a...
Josh Bustle
Dead Equity - How much money do you leave in rentals?
Hello Bigger Pockets!My main question is how much money do you leave in your rentals? I've got one rental property worth $280k, about 60% LTV (115k in equity). I just closed on my first "Live in Flip" and I'm moving i...
David Zinn
#askbp 15-yr vs 30-yr mortgage
@Brandon TurnerHey Brandon!What's better: a 15-yr mortgage or a 30-yr mortgage?I can still cash flow just fine with a 15, so I decided to take it (PITI with the 15-yr is $550/month, while it is $350/month for the 30-y...
Amber K.
Do I have to let go of my integrity to be successful?
I made the leap and invested in my first property in October of this year. My plan is to live in this home for a year, to satisfy mortgage requirements, then rent it out. I still own my previous home that I am plan...
Forrest Faulconer
Are Baby Boomers to Blame for Low Housing Inventory?
There are not enough houses to go around and I think I know why. Some have suggested the pandemic has caused the low inventory in housing, but with interest rates so low and houses selling above asking, why would any ...