Countless times, I've heard the question asked "How much do I need in reserves?" While the answer tends to vary based on the investors' risk tolerance, I thought I would share my experience. As a background, I live in...
I bought my first investment property in Greeley, Colorado and have been using it as an STR since that will give me the best returns. In order to get into the property, I used a HELOC from my primary property and a co...
I have tenants asking me to subsidize their electricity bill bc it more than doubled in the month of May-June.....this is the story. Please provide input.About two weeks ago their AC unit broke. I immediately had a ...
Hi! I’m new to the investing world. I want to buy a multifamily and house hack it. Would it be wise to invest now, while my market (Providence, RI) is super hot or wait for a potential crash? Any advice is greatly app...
We were just yesterday looking at some options for home warranty type of services and I think crowd-sourcing this one may help:The provider we were looking at specifically was HomeServe, however there are numerous oth...
On the BiggerPockets website everyone has an equal voice. An equal opportunity to read and post as anyone else (as long as the poster follows the BP posting guidelines of course - which is understandable).I have learn...
Dear Pocketers,
How do you harden / bullet-proof your rentals?
While I've never had anyone utterly trash a rental of mine, I've seen the damage they can do first hand (typically when buying the rental and seeing ...
Just wondering if there could be any issues with unknowingly renting to illegal immigrants. As a landlord, are we responsible for inquiring as to their citizenship? Could we get into trouble legally if we don’t?
Hi All,I'm hearing from multiple sources that a potential economic downturn is likely to take place in the next term. Everyone has a theory (China's recession, Brexit, cyclical nature of the market, etc.).I figure th...
A recent BP blog article by Scott Trench had the phrase “. . . guys like us here on BiggerPockets . . . “ I commented about the gendered language, because if people don’t realize they’re doing it, it can never change....