Hi All,Just out of curiosity. Would it be advised to borrow from 401K to buy a second investment property? I'm in the process of buying my first rental, but would love a little more cushion to purchase a second. I'm 3...
Hi BP world, So I finally took the leap and bought my first property. It was a nice 3/2/2 on slab. It was a FNMA foreclosure and had a wicked pet smell. I was going to turn it into a rental or sell if I found a buyer ...
My tenant potentially could be getting a dog that my insurance will not allow as an emotional support animal. Will I need to change insurances? What are my options?
Posting this for a friend who owns a 7-unit building in Chicago. He's noticed very high water bills in the last year, including the most recent one for $6500. Finally it was determined that there is a leak in the wat...
When a seller carries a note on a property, and there is an existing mortgage the parties have entered into a transaction referred to as "wrapping" the existing mortgage. The buyer agrees to pay the seller in monthly ...
Myself an REI newbie, 2 rehab/flips and 1 rental leads me to this question. I use the residential lease contract TREC, and my rental is here in Houston.
It has rocked along fine for the past year. Now, talking to new...
We own a SFH long-term rental. We self-manage. We have good tenants in there entering year 2 of a 2 year lease. One of the tenants hung a picture on a wall, puncturing a water pipe. There was a leak and about $10k in ...
Hey Bigger Pockets Community,Hope everyone is having a great day. Looking for advice or resources. I've read a few articles on Bigger pockets about Owner carry, and have become quite intrigued on the topic. Most artic...
I’ve had 8 properties for close to 10 years and never had an issue so probably lucky maybe. I just received a letter from an attorney in the mail that there was an incident at one of my rental properties where the ten...
I'm currently under contract for a wholesale flip where things are starting to look a little bit tighter than I initially estimated. So now I'm trying to cut back on some parts of the rehab to see if the deal still ca...