Patrick C.
tenant screening lots of credit card debt
When screening your tenants are you ever surprised by the amount of debt they have on the credit report. One possible tenant has $24,000 in credit card debt. I know most people live paycheck to paycheck and spend more...
Brice Hall
A lot of people are being misled
What's up with all the low income, cheap property "deals"? "I bought a house for $30,000 and rent it out for $700! I'm going to make a great return!"You are completely neglecting future CAPEX. What happens when you ne...
Nicolette Alger
Highest and best use of vacant lot
My husband and I own a rental property in Ohio. The deed also includes a parcel behind the home which is .41 acres. The parcel is land-locked. I am trying to figure out if we could pour a driveway to the parcel and...
Justin Smith
Lots of accounts and lenders - need suggestions
I have clients who are investors and asset managers. Each individual has lots of different lenders and banks. They don't have a great way of consolidating, tracking, managing them. Anyone have any software suggesti...
Abad Marroquin
28 Units Need A LOT of repairs
I have 14 Duplexes under contract in Georgia for $450K. My analysis shows a $500 Negative cash flow with the rent roll I was provided using 7% for vacancies, 7% for repair and maintenance, 7% Capital Expenditure, 10%...
Bryan Sullivan
Creating a lot out of a little
If you are starting out in rentals but would like to double the amount of properties every year, how would you do that? Me and an investment partner are about to have our first rental. We want to double the amount of...
Kha Cao
In need of some APN/lot help
Hey, Biggerpockets fam!
In need of some help with a client! The issue we are having is she has two addresses but it is on one single APN/lot. She wants to be able to split the lot into two and sell both lots separate...
James Lim
Transfer of Ownership for a Vacant Lot
I am trying to acquire a vacant lot here in Florida that has fallen back in taxes, it seems that the owners have not paid taxes in 3-4 years, and this year a larger penalty was assessed for letting the lot go overgrow...
Account Closed
Property in Preforeclosure with lots of EQUITY!
We been in contact with OptionOne Mortgage on a property that is in PreForeclosure , they are mortgaging for 283k with arrears.
The property is in a good neighborhood but the property is run down and lots of junk in...
Chanel Realegeno
Really young but with lots of ambition
Hi,
My name is Chanel and I am 16 years old. I would like to become a real estate investor when I turn 18 but I figured I should get a head start and just study now. Pretty happy I found these forums and look forwar...