Account Closed
Proposed Metro Rail Extension by my units - Time to sell?
Hey BP Gang! Looking to hear your feedback on how the following issue may impact the value and rent premiums my property (duplex) demands. Some of you who reside in so-cal may be familiar with this issue.The Metro i...
Robin Grimes
Tenant Applicants say the dumbest things
Stupid things Tenant Applicant’s say.
I had renovated a nice 4/3/2 and put it on the market for lease. Here are some of the comments from people who toured the property during the open house or called me from signa...
John Blythe
Another LLC Discussion: Mortgage company won't allow move
Hi everyone.I got a property with hard money, rehabbed, and then refi'd out using Quicken Loans. In the mist of trying to get out as quickly as possible before our hard money payments hit (they gave us 3 mo. period to...
Nam Tran
Renters are slobs. Need inputs on how to deal with this.
Hello everyone, I am new to this. My wife and I are in the process of buying our first investment property, a duplex. we did our walk through today, we love the property however the current tenants are slobs in both p...
James W.
Hi, new slumlord here. General advice request.
Hey BP!Say you have a duplex that you paid $60k for.Rental income is $1000/month. ($500 upper / $500 lower), property taxes ~2500, insurance ~$600, no major expenses on my end, utilities all in tenants name.Basement h...
Vlad B.
Bad Landlord Year how to Stop the Pain
Hi BP Community,I have 2, 4 units total Duplexes that I purchased in the last 2 years that were money makers last year. Everything was going well before 2022 hit and tenant turnover happened. Unit 1 turn: renter went ...
Alex Pelin
Eviction Moratorium Effects
Current eviction moratoriums are set to expire on 12/31/2020 - 01/01/2021.
What do you expect to happen after the moratoriums are lifted (burdening consumer debt, an abnormal amount of evictions, payments will resume...
Zachary Brown
Airbnb's Future into 2023
I'd love to hear from folks about what they think of Airbnb and it's use for STRs. As an avid user of Airbnb over the years, when it started, it was viewed as this amazing alternative to hotels that offered a very com...
Jason V.
Is REI Just the "Least Worst" Choice?
When it comes to obtaining "financial freedom" is investing in real estate just the least worst choice?I tripped over this article the other night, which sums up a lot of what I've been thinking about REI lately: Inve...
Janet Taylor
Reverse Mortgage
I am considering using a Reverse Mortgage with the house I am in or selling it and using a Reverse Mortgage tobuy my next house. I need more information and a better understanding of Reverse Mortgages in order to mak...