I recently just bought my first duplex early this year on long island. I have one tenant who is paying the rent no problem but the other tenant on the right side of the duplex hasn't paid me rent ONCE. This property s...
Are you thinking of paying off your mortgage early? It's a great feeling to own a home without any mortgage payments. However, it's important to consider the costs and sacrifices that come with it. Before making any d...
Just wondering Upstate NY folks take on a situation I find myself in.....a good one.....Original goal was to be @ around 5K/month in passive net income through buy and hold properties mostly doubles/duplexes, in Buffa...
Has anyone ever experienced owning a multi-family while Living in one of the other units in the property? I'm curious what it's like living in such close proximity to tenants while maintaining a working relationship w...
I have an Open HELOC that has a 5% 5yr draw and a line of 70k. I recently purchased a property that needs some renovations ~50k. I am trying to figure out what strategy to go with to finance the reno. Do I use a 18 mo...
Have a primary mortgage 36,000 left at 5.6% and 12.5 years left. Have a rental worth 30,000 that is cash flowing 100 per month. I used a line of credit on my primary for the rental. I now have about 13,000 in equi...
Question for anyone who owns large multi-family dwellings:I own an apartment building in Kansas that has a central fire alarm system. If one person has smoke in their unit and causes the alarm to go off, the alarm in...
We always talk about putting money aside for things like vacancies, CapEx, repairs, property management and such. I would love to hear the different opinions on what people are actually doing with said funds. I can se...
Greetings BP Fam,I have over 250k in debt (credit cards, mortgage, school loan, car loan) and I’m only bringing in about $400/month. I haven’t had W2 income in over a year and my wife is working part time. My LLC is a...
My landlord entered my apartment illegally (did not give me 24 hour notice) and found out that I had broken the lease by having a pet, which is forbidden int he lease. He has now geven me 30 days to move out and I don...