1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.
There are a lot of discussions on the site about starting out, but I find that those discussions where people share the challenges they went through on difficult deals are the best to learn from.
So . . .
What Was Y...
Hi there,My wife and I recently bought a house in the King of Prussia area in Pennsylvania. I'm not familiar with bathroom remodel estimates and am trying to get a better sense of how much we should be anticipating sp...
Hi BP,I’d like to generate a fresh thread to address an issue that is catching many new investors by surprise: The 6-month Seasoning period.I’m now on my 3rd Rental. It was time to give the BRRRR strategy a try. I pur...
Trying to find an article about putting each rental property into a separate LLCs or putting a group of rental properties into one LLC.Just looking for pros/cons of each approach. I've heard there are differing opini...
I created this post to address a question I get from many other landlords. What if I have do an eviction (and what will it cost)?During the pandemic many landlords in WA State were prevented from evicting problematic...
Hello BiggerPockets!I stumbled upon the Morris Invest Case Study by @Ian E. and am now inspired to document my current investment with the company. This is kind of a long post, but I hope you stay with me. Clayton Mor...
I'd like to get ideas from BP members on the topic of seller financing under the new laws.
Not looking for smart comments from several we already know don't like the changes but here's the fact:
It's th...
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...
Hi BP,I know this may seem like an odd question and one I don't expect many people to answer for privacy concerns and not wanting people knowing your personal finances. I would like to know if there are any people out...