Hello fellow posters. I have an unplanned capital gain over several decades due to a property interest I inherited. I also have the opportunity to be assigned a debt owed to a professional services company. It is like...
I have brand new tenants who apparently snuck in an extra cat. I was clear when we met that we have a 2 pet maximum. It's also stated more than once in the lease, and they have a pet addendum. My maintenance guy told ...
I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...
I am wondering what happens if the expenses towards a rental property exceed the amount you get in rental income, what happens that that excess dollar amount? I am currently house hacking (living in one unit of a dupl...
I've seen a couple of conversations here on BP about what happens to any remaining equity in the event that a NPN holder forecloses on a property. The assumption for many seems to be that the investor would get all...
Hello from Ohio, I'm finally at the point where my wife and I are ready to build a new house. I've been tossing around the idea of using my current house as a first rental property and have already had multiple ...
I see a lot of new investors on BP and I wanted to share this story of a very prominent investor, hard money lender, developer, well known in the community that filed for bankruptcy during the financial crisis. He was...
What are some of your ideas or strategies in place (outside of 6-12 months of reserves on hand) that you have for your long term properties for when the market/economy crashes?
My question is pretty basic...Are banks allowed to fix and flip?I am trying to figure out how to get my foot in the door. My market (NYC) is pretty competitive and I don't really have too much that I am able to offer ...
Hello, I was wondering how much I can raise the rent in CT. Let’s say, hypothetically, I have a renter paying $1,000 a month for rent. However, I have seen similar rentals going for as much as $1,650 for rent. Now I’m...