Steven Gesis
#1 Most Costly Tenant Turnover Cost for Owners/Landlords
So, I have been evaluating and conducting research on most costly turnover expenses, I have a few that have made my top (5) list. I am curios to hear from other BP Members, what there most costly expenses are for tena...
John Chapman
Reporting loss from a rental property fire and the insurance proceeds
I had a rental house that burned down. I have owned it for a very long time and had depreciated most of the original purchase price. I had replacement coverage insurance and received about 300K to restore the house....
Scott Trench
REPS And Active Losses and Gains
Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving m...
Hector Salas
Using sellers credit to drop your down payment?
Hello PB community. I was told that by using sellers credit I can drop by down payment. I’ve been trying to research this but can’t find to much about it. What exactly is sellers credit, and how can I use it drop my d...
Max Frost
House Hacking in Manhattan - Is It Truly Impossible?
From everything I've read, it seems that house hacking in Manhattan is really not feasible due to the high prices. I'm wondering - with COVID-19, does anyone believe there may be an opportunity to invest in Manhattan?...
A Morgan
Sales Person Making an Offer with Seller's Concession
I know these are basic questions but I am looking for some guidance on how to make an offer as a real estate sales person including a seller's commission for a property I want to purchase for myself. Do I use the sam...
Bob P.
Rent credits on Rent to Own Properties
It is my understanding that FHA will only allow rent credits above market rents. We have companies offering 50-100% rent credits how can that be done legitimately?
John Hawkins
1st Time Buyer: Help with Negotiation after Inspection
Hey Everybody!
My wife and I had our offer accepted on our first investment property. It is a duplex in a great part of town that is nearly turnkey. Our offer was $15,000 over asking. The inspections came back earl...
Champ Leong
MPI vs paying down principal
I'm being offered the "opportunity" to purchase Mortgage Protection Insurance for $85 per month on a $165,000 loan in the event I go to heaven so I leave a PAID OFF house to my posterity. The insurance payout would de...
Jay Lee
Cast iron pipe cracked and need repair
Good afternoon, I have an older home built in the 1950s in phoenix. There was some backup of water that went from the shower and then into the bedroom next door. Have had multiple camera inspections of my pipes, and t...