Hemal Adani
How important is renter's insurance?
Hello Folks, My tenants doesn't have renter's insurance. I am not sure how important it is. Please elaborate.
Dylan Speer
Condo Reconstruction Nearing Completion & Need to Get Out
Hello BP,
I need some advice on what is the worst investment I've ever made.
Overview:
- Purchased a condo in 2022 for $270k, with a 3% down payment. Currently owe $255k.- Mortgage rate is 6.125%.- Lived in it for ...
Michael Imperiale
New to Site - Looking for direction
I am new to the site and have a question. I have a property that i purchased in 2005 in an area that took a huge hit during the real estate "bubble". At the time I was not comfortable walking away so I held onto it ...
Kevin Kramer
Should I sue my former contractor?
Hi All,I overpaid a contractor and they have failed to perform on the contracted work. There were red flags but I had worked with this contractor before and did not have issues. I am weighing suing the contractor but ...
Michael Plaks
EXPLAINED: Depreciation - myths & reality
Years ago, I was at a CPA conference, and the lecturer finished 30 minutes early. Unheard of, I know, but it did happen. He asked us what we wanted to learn in the remaining 30 minutes. And 300 CPAs in the room almost...
Jason Shaffner
Countywide Update
Countrywide to Refinance Up to $16 Billion of Loans
I know we had discussed the idea previously, but I wanted to get everyone's take on this now that it's in motion.
http://www.bloomberg.com/apps/news?pid=20601087&...
Matt Millard
Are we in another Great Depression? Why or why not?
With GDP & unemployment levels likely topping the Great Depression how will this impact your market & investing?For myself I know the builders in process of building $2200 a month Class A+ rentals all around n...
Naveen Desai
Roof Damage, Insurance to claim or Not to claim
Hello, Back in August we had some roof damage to one of our rental in Dallas region. We got an estimate from a roof repair company and the estimate came to 12K.We got the insurance involved and while they agreed ...
Shawn Bowen
Fourplex tenant wants to change units
Hello BP community! I am a relatively new investor. One of my tenant's just vacated their upstairs unit in my fourplex. The tenant downstairs asked about moving to the upstairs unit that was just vacated. Both units n...
Anthony Giambalvo
Builder Insolvent Tax Strategy
Hello,
We have found ourselves in a terrible situation. We moved out of our home to do a large renovation and rented a house for us to live in. When we were supposed to move back into the renovated house we bough...