Charlie McKenzie
The 2% Rule doesn't work 50% of the time
Ok I have acquired over 120 units of rental property and have used the following rules: 1) Purchase properties in areas that have a geographic Impediment to growth. 2) Don't purchase a property that you wouldn't be w...
Account Closed
I now get why everyone doesn’t invest in RE!
Because it’s hard and taking the first step in the hardest! We have money ready to go and I always wonder why people who seem to do better than us, don’t invest in RE. But the emotional roller coaster has almost don...
Tyler Corbett
So what if my income doesn’t “support” multiple loans?
Currently my income, as far as I’m aware, will only support 1 rental property loan for the time being. I’m highly interested in vacation rentals and was curious if there is anyway of getting multiple loans going? Mayb...
David Flanders
How to Buy Where Owner Doesn't Have Enough Equity
Good afternoon. The question here is: how do I buy a house under the following circumstances? Owner has a reverse mortgage of $190k. House is worth about $250-260k after rehab. That ARV isn't high enough to suppo...
Brian Garlington
Tenant doesn't "like my contractor". What would you do?
One of my rentals in Cleveland has tenants that are a little bit challenging to deal with. The tenants have been there for 6 months and 8 months respectively. I'm getting this information from my property manager. One...
Jared Lane
Can't afford repairs but tenant doesn't want to move
Hello everyone. I have run into a situation that I haven't encountered before and was looking for some advice. We have been getting a lot of rain here in Ohio and one of my properties started having some pretty bad ba...
Sheltocks M.
Tenant Screening on potential tenant who doesn't have email
Do you know of any tenant screening service that doesn't require an email address from the tenant to verify their background? Is there another way to access the tenant's background? Much appreciated.
Angelo Aguirre
Military tenant receiving BAH doesn't pay rent (pre-covid)
Hey BP, I know literally everyone is having rental collection issues or at least has heard of someone having issues. I'm curious if anyone has came across this issue: a US Military tenant, on orders serving a local mi...
Chris Martin
MLSs allowing listings where seller doesn't own the property
If it isn't clear, I am unlicensed. By design, by the way. In this recent topic (http://www.biggerpockets.com/forums/521/topics/133866-charlotte-nc-wholesaling-101-and-basic-rehabbing), I came to the realization th...
Lenny Eckstein
Loan that doesn’t require current home equity as collateral?
I’m about to buy my first investment property (rental condo) using 180k drawn from a heloc against my current home. My plan has been to search for a conventional loan, over the next few months, at a 30yr fixed rate to...