Ken F.
SFH advice - is a small 3/2 better than a larger 3/2
Hello All, I am looking into my second rental property investment. I have "heard" that small rentals (3/2 under 1300 sq. ft) are generally better than a larger home (4/3 1500 sq. ft and up). Id assume due to the h...
Justin Nwakacha
Should I pay off my primary residence mortgage or purchase a new rental property
Hi All,
I own a primary residence in Katy, Texas, still have about $325,000 to pay off. Interest is 2.85% (bought during COVID). I do own a rental property in Texas, interest rate is 4.8%, and it has a lower mortgage...
Justin Flournoy
Larger down payment on a home or buy rental property? Investing
Hello BiggerPockets,Before I get to my question, here's my current background.- 30M/27F (Me and my wife)- No kids- No debt (besides vehicles and house)- I make 90k, wife makes 70k- Combined income: 160k- House value: ...
Matt Faix
Applicant asking to use child support as additional income
We have an applicant that wants to use her child support payments as additional income. Without it she does not meet the 3x rule, however with it she does. Her daughter is nearing 18, but she says it is good through h...
Reggie Rearden
Some encouragment for the Newer Investor
Hopefully this will encourage all, specifically the newer investor:My wife and I used to basically live paycheck to paycheck. We decided about 2 years ago that we wanted more opportunities and freedom, which is when a...
S Harper
Co-renter died, heirs want copy of lease?
I have a boyfriend/girlfriend who have been renting from us for 4 years. He unexpectedly died w/o will. He had never mentioned his kids to me, given me their contact info, given them as emergency contacts, etc.
When...
Greg Schreffler
Triplex Saga Continues
Transitioning three tenants from paying by check to paying thru app has been challenging, but it’s finally paying off. As you’ve read we’re using Rent Redi since it’s free to Pro members. We have one Gold Star tenant ...
James Fowler
Allow new tenant swing set?
New tenant has three kids, and would like to put up a swing set. The yard is private and fenced, and the set was purchased by her. Would there be any liability concerns from allowing this? I was thinking about running...
Ahkeem Smith
Broke, in debt, and behind 9 months on mortgage on my house.
I’m trying to decipher whether I should sell my only house after 1 horrible year financially for me. I started a forbearance plan back in August of 2020 and it ends on September 30th 2021. I quit my job last June to h...
Tim Albright
New Investor - Looking for Tax Mitigation Strategies & Advice on College Town Rentals
Greetings,
My wife and I are just getting into real estate investing. I am retired and working on career #2 and 2 of 3 of our kids have left for college - our oldest is headed to UConn for her PhD (6 years) and inste...