Eric Lee
Interest rate for investment properties
Hi All,I was wondering what the typical spread is between interest rates for a conventional 30 yr loan for a primary residence vs. a rental property? My lender quoted me at 5.375% for rental property loan with 20% do...
Daniella Niece
Security deposit, surrender of property and lease end date
Hey all,Looking for all input. I recently had a turnover where one tenant left & a new one signed on. The tenant (TT) that left had three dogs. They were the first tenant to live in the property since I bought it ...
Nick Maniscalco
Tenant Lasagna Damage
One of the tenants in my duplex poured a tray of lasagna down the toilet resulting in sewage backup and $450 worth of remediation. Impossible to determine which unit is responsible and both deny they did this. Do I ta...
Scott V.
Gas Grill suggestions? (type and managing tank fill)
Most patrons will expect there to be a gas grill at my vacation rental, so I'm trying to figure out if I should just get the cheapest one I can find and consider it something I replace every year. Or is there a higher...
Valentin Diaz
First time home Buyer Discouraged
Hello Everyone,just here to vent 😮💨. I'm feeling really disappointed today. I've been a fan of biggerpockets for some time now with the aspirations of acquiring a FHA loan to buy a multi-family. Me and my siblings ar...
Dustin M.
0% Interest Owner Financing Offers
Hi Guys,
Had a quick question that I hope someone can answer. I found a duplex worth around $75,000 (ARV) that might make a good rental property. Rents are $400 and $600. The place needs around $5...
Bryan P.
50% rule
MikeOH and some others talk about this 50% rule. I just bought my first rental property for 22,000. When I add up all of my expenses (tax, insurance, mortgage payment), I come up with 78% expenses compared to gross ...
Jordan Murrell
Questions to ask your Loan Officer
Shopping for a home loan is a big decision, and it's worth it to find a loan officer you can trust. You deserve a great home loan experience every step of the way.
To avoid being caught by surprise when you’re alread...
Terry Royce
Photocopied handwritten letters?
I saw Jason (primo coach) send out in one of his email newsletter things, that he photocopied handwritten letters similar to yellow letters.
I just sent out 25 today, photocopied onto yellow paper, and I hand wrote t...
JR T.
The Tenant Whisperer
What does the BP community think about assessing tenants a $25 fee for any contact they leave on your management hotline. A "response" fee. Any time they call you bill them $25 UNLESS it is to report water or fire dam...