Lucas Morrison
My first multi-family, navigating out of state and covid.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Bloomington.
Purchase price: $115,000
Cash invested: $18,000
Two unit duplex, 3 bed 1 and 1/2 bath on each side. All utili...
Jeff Howard
Income Limits to Mortgage Interest Deduction?
Hello,I have a fairly high AGI and am wondering if there is an income cap for taking the mortgage interest deduction and depreciation on any rental properties I may buy in the future. I hunted around, and I don't bel...
George West
Security deposit Question about personal items.
I had a question for the more seasoned of you. I moved out of an condo after two years and prior to move in, many of the landlords items were there, including , old plants, some very old very used kitchen items in ba...
Mike NA
I think my tenant moved out. What should I do?
Hi everyone. I have a problem that I hope you can help with. I haven't gotten rent from a tenant in a while and have made phone calls and sent letters to no avail. When speaking to a neighbor, I asked if they knew ...
James McGovern
5 Westmont Street, Middletown (Do flippers know how to inspect a property)
Over the weekend, I went to inspect a property coming up for auction. I ran across several flippers who caused me to question a few things. They did not detect several major things wrong with this property including b...
Michael B.
Buying w/Conventional Offer then Switching to VA
So, I'm offering on a quadplex for my first house hack and it's a competitive situation, multiple offers. I'm financing with a VA loan and the offer is contingent on a home inspection. The seller's agent told my agent...
Ran Iarovich
for wholesale real estate can you back out of a seller agreement
I have a contract for a fix and flip house but I figured out the arv is much lower than I thought. Can I back out of my contract with the seller with no repercussions? If not what are the common contingencies?
Aaron D.
US 10 Year Rate - Commercial and fixed rate loans
Hi everyone. What are you doing to prepare for a downturn in the real estate market? This discussion is meant mostly for people that survived the 2007-09 real estate debacle. I genuinely believe that Federal Reserve i...
Nathan Gesner
What would you do?
I found tenants for a house one of my owners recently bought. It included washer/dryer and central A/C. The previous owner moved out, and he took the washer, dryer, and central A/C with him. The owner is apparently...
Jake Valkusky
Question about Security Deposit and Disposition of Deposit
Hey, BiggerPockets!We currently own several properties in Pennsylvania and rent them out to tenants. Recently we had a lease end and tenant move out. We performed the move-out inspection and had to withhold $200 for c...