Jordan B.
Let's talk Debt
Hello everyone, I am curious if anyone has built a successful portfolio debt free. I am not arguing leverage vs debt, leverage wins everytime hands down, no argument here, I own a calculator, pencil and paper. My con...
Aaron Frances
Cash out refinance to pay off credit cards
Hi Everyone,
I converted my 2-flat apartment building into a legal 3-flat using a cashout.
Appraised at $425k, new mortgage at $2330 at 4.35% currently owe $305K now.
Property may conservatively appraise at $525...
Account Closed
Inexperienced landlord here - did I do the right thing?
So I set my unit up on affordablehousing.com (section 8) and got a call from a market renter. She makes 24/hour (not sure if she works full or part time, didn’t ask) and has 2 kids. Showed her the building and she see...
Joe Splitrock
CDC Eviction Moratorium is Misunderstood
There is some confusion around what the new eviction moratorium does and doesn't cover. First of all, the CDC eviction moratorium prevents eviction due to lack of payment until December 31, 2020. CDC derived authority...
Emily Segal
Guidance on Baltimore Area
Hello, Everyone!
I'm new to the BP community and looking to start investing in rental properties and eventually make my way up to commercial real estate. Ideally, I would like to get to the point where I can be invol...
Joshua D.
Help my wife and I solve this FIGHT. Should I get a W-2 job?
Hello all. My wife and I are having a disagreement that we need you to weigh in on. Here is what we are having a hard time with:We started dating in 2012, and I've always held a W-2 job of some kind. I hated the l...
Joey English
Lonnie Deals are financial boomerangs
Lonnie Deals are financial boomerangs:I want to tell you about one of my favorite deal structures: the Lonnie Deal. That’s when an investor buys a mobile home on a rented lot for cash and resells it, offering owner fi...
John Underwood
Should rent be canceled because of the coronavirus?
Good article.Talks about Pros and Cons and discussed the Landlord side of this too.Should rent be canceled because of the coronavirus?https://news.yahoo.com/should-rent-be-canceled-because-of-the-coronavirus-204910688...
Mike R.
service animals of a tenant's guest
Still trying to understand what we have to do to accommodate a service animal, but long story short, we have a tenant (the only person listed on the lease) that we have noticed the smell of dog and cat when our lease...
Debbie J.
Section 8 Tenant wants to add 2 more-should we ask for more rent?
We have a tenant on Section 8 in Missouri. Single mother. She wants to add her son's pregnant girlfriend and, in fairness to her daughter, her boyfriend. "To help them get on their feet". (We are not here to couns...