I live in NJ with a property that I want to rent out that is mortgaged in my name. I understand that deeding my property to a LLC can trigger a due on sale clause on my mortgage. Question, can I rent/sublet my propert...
Recently on the podcast I’ve noticed David advocating pretty strongly for growing markets: Austin, California, Denver etc and being more bearish on cash flowing markets: Cleveland, Detroit. Most recently he spoke of...
Hi everyone,I have been on the forums for awhile doing research and I feel that it is time to get my first investment property.I am targeting a duplex in the East Bay and my agent/loan officer has come up with some cr...
Hey allHas anyone successfully moved away from (or at least supplemented) the standard % fee for property managers in favor of bonuses and incentives that align the interests of the landlord and property managers? For...
So I'm pretty much new to this and I have one question. If I find a good deal and already have somebody willing to buy right away, do I have to pay anything, or does the buyer pay it all off? Note: I'm clueless, as I ...
Full disclosure, my credit has taken a toll during the last two years. For the last year I have consolidated date, gotten rid of credit cards, and gotten on top of bills. My credit is now a 645. I owe about 67k on my ...
Schedule E shows $52k in losses for 6 properties. Due to mortgage interest, depreciation, repairs, supplies, maint fee, etc. But allof that only reduced my earn income by $6k. Sounds like I’m doing something wrong. Th...
Hey All,My husband and I are looking at getting our first property for Airbnb. We've listened to a lot of the bigger pockets podcast and read some of the forums on here so thanks to all who contribute! We really appre...
Hi all,I recently had to walk away from a deal because I didn't have a good hard money lender.Just wondering who's giving favorable LOC or similar loans, or even a good hard money lender. Looks like some are scams an...
I've done a lot of reading on Bigger Pockets and know that tenants like to threaten to sue, but have you actually ever been sued? Can/will you tell us about it please? I think this exercise will be a good learning t...