Mindy Bowden
Needy tenants and home warranty
I have my first rental property and my first tenant is a needy one. He literally calls at least once a week about a problem. Some were legit, like a running toilet. Others, not so much; such as his wife thinking there...
John Peterson
Utah: Negative Cash Flow... Hold or Sell?
We own a home that we purchased 3 years ago as our primary residence. After two years we purchased another home as our primary residence and began renting the previous home. Recently I've read a couple Bigger Pockets ...
Shivron Sugrim
Out of capital and repairs are needed, please advise! Pittsburgh
I am seeking advice.I recently purchased my first house with a 5% downpayment. My goal was to occupy one of the 4 bedrooms and rent out the other 3 to room mates. I purchased this house knowing that the roof needed to...
Anne W.
Tenants refuses to let us in the house while they are away
Hello all, I am looking for some advice. Background - brand new washer provided last July when tenants moved in. They complained metal-striking noises and we ordered the repair under warranty. There were four repairs,...
Jayse Brock
Accounting for Multiple LLCs
Ok, so after a recent visit to my CPA for personal taxes, I was asking how I should set up my accounting. I have read a variety of articles on BP and they have been helpful but not exactly specific to my problem. Righ...
Nicholas Hubbard
How would you invest $5000 in todays RE market?
Hey,
I acquired $5000 from a bet a friend owed me and was wondering what would be the best way to invest the $5k in real estate for the biggest and fastest return? Like..is it possible to flip this $5k into $...
Cliff T.
Starting an LLC questions
Hi all,I know there have been dozens of posts re: LLCs but I'm having a hard time nailing down specifics. I understand I should consult an attorney and CPA for the nitty gritty, but can someone please walk me through ...
Nick Causa
Getting crushed by HELOC interest
Quick background: We purchased a multi family that was to be a live in flip and to fund the purchase and the reno we leveraged our primary residence at the time. We moved into the live in flip and once the flip was ov...
Kelly Nolan
Temporary negative cash flow for long-term home? Please Advise!
Would it make sense to buy a home, rent for 1-2 years (negative cash flow), with the intention of making it our primary residence thereafter? Please advice. Is there anything I need to think about here?We found a home...
TaRa Mehta
Tenant withholding rent due to minor maintenance issue
Hello all,I've a tenant who has been paying her rent late each month (along with the late fee). This month, however, she has not paid the rent so far.Here is the sequence of events that happened.1. Issue #1 - a rat en...