Chris Seveney
Risky 2nds - Why a Paying 2nd can also completely wipe you out.
We are seeing a big uptick in second loans on the market, including those who own investment properties look to take equity out of an existing property by getting a second loan. Getting a 2nd is extremely difficult an...
Justin S.
Capital Gains NYC Question and discussion
I have a very unique situation I wanted to discuss with the community and all our accountants out there.
I sold a 3 unit primary residence that I occupied for the last few years in December of 2019. I ended up doing...
Jon Li
Seeking Feedback: Use VA Loan to buy quadplex in SF?
Hi, I'm relatively new to REI and am considering purchasing a quadplex in SF which I would occupy. It isn't cash flowing, but I wonder if it's a good opportunity given that:1) I'm paying $2600 rent each month anyway2...
Bob Malecki
Subject To question regarding changin insurer
I'm doing my first Subject-To deal and have a signed Purchase & Sale agreement. I'm opening escrow today and will be getting a warranty deed at closing.
On another forum, someone said that the lender on the prim...
Angelo Cortez
Secondary STR Markets outside of Gatlinburg?
Hello, I am looking to get my first STR property in Gatlinburg, TN area (open to Waynesville and NC Maggie Valley, NC) . I am looking for secondary markets (e.g. radius 30 miles from Gatlinburg, TN). Is this the right...
Greg DuPan
Selling flip in Ohio advice needed
Hi all, this is my first post, been reading tons on BP. I have a couple rentals and decided to do a flip this year. Its just finishing up (next couple weeks) and one of my tenants approached me about purchasing the ...
Sarah Msuya
Actual Cash Value v. Functional Replacement Cost Insurance?
Hello everyone,
I am under contract on my first long term buy and hold rental. It is a 4BD/1.5BR SFH in Auburn Maine. I am paying $113,000 and will be replacing the roof on it this spring. Everything is currently fu...
Tammy Mason
Replaced Refrigerator by tenant without notice
My tenants sent me the following message. There was no previous messaging of any problems; they informed me of replacing and discarding the previous unit all in one message. Then expect me to pay for the new unit. The...
Christopher Adams
No Pets
Hey Everybody,I just have a quick question and it may have been asked before but I'm going to ask anyway :) Whats the deal with rentals and no pets? Now I know pets can be destructive but aren't kids just as if not ...
Marci Stein
Am I being too uptight in this situation?
My tenants are a couple - she calls me “hon”, He calls me “babe.”. Every time they do that , I mention my name is marci . I like to maintain a professional profile which is why I correct them . not a big deal. Just cu...