William Coet
Preventing Tenants From Disabling Smoke Alarms. Suggestions?
I am seeking suggestions for how to prevent tenants from disabling smoke alarms. Verbal warnings and statements written into the lease may not be effective. I've seen plastic bags taped over alarms!!This is importan...
Matthew Sarro
How necessary is a history of personal financial statements for a lender?
Hey everyone. I am reading through the "Real Estate by the Numbers" book now, and am still in the beginning where it discusses personal financial statements.For the past two decades I have been using financial aggrega...
Lance Turner
Tenant Turnover During Holidays
My tenant just let me know they accepted a new job in another town and will therefore be leaving us. They've been good tenants. However, their move will occur in Oct driving us to seek new tenants in a tough part of ...
Alonzo Moreland
Ending a month to month lease with a problem tenant
Hi everyone. I'm looking for advice. I'm renting a 3 bdrm-1 and 1/2 bath rowhome to a tenant family of four adults who are habitually late with their rent payment each month. The tenants are reasonably clean, so no is...
Daniel M.
Seeking Advice on Using Retirement Funds for Real Estate Investment
I’m considering cashing out my 401(k) and IRA funds to invest in more real estate and would appreciate any advice or insights on whether this idea is viable.
Current Financial Situation:
Significant savings in 401(k...
Olga Nadal
Pivoting out of a 1031 exchange
Here is the situation, we identified 3 properties for our 1031 with the idea of buying two and having a back up. We ended up buying one house to turn into a vacation rental and the two other options were one- a stand ...
Anthony Ives
$750,000 in back taxes due
Hey all, I am asking for advice for a friend. (I swear it's not me and am honestly asking for a friend lol) This guy sold some land a few years back for close to $3 million, and just this week got a letter from the IR...
Account Closed
Failure to disclose lead based paint (Texas)
The seller signed the resale contract 10/30/2017 and I deposited the earnest money 10/30/2017 so everything is currently in motion. The issue I have is that the broker has sent a lead-based paint hazard document (10/3...
Trey Golston
Ask me anything about Commerical Real Estate Finance
Hello all,I got involved with Bigger Pockets back in high school before I had any clue what real estate was about. All I knew was, my family friend drove a Ferrari and he did Real Estate, therefore, I wanted to do Rea...
Bala Krishnan
Commercial Loan Terms Discussion
Dear BPs,
I am a newbie evaluating loan terms from a commercial mortgage broker. I am putting the info below. Need your take on what you think about the terms here.
The property is in Charlotte, NC. ...