Mergim Kacija
HOA fined me $12,000 for allegedly short-term renting my condo (Chicago)
Hello BP Community,I've been accused of short-term renting my unit (which I have not) and was fined $12,000. Furthermore, the building's bylaws have a 25% rental cap, and my unit is NOT approved, yet I informed them t...
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Equity vs. Positive Cash Flow
With all of the media on the housing market today, it is tough for real estate investors to know what to do. If you live in one of the markets that is suffering from a sharp price correction, you might think that the ...
Asia Jones
Tenant demanding $3000 to move out
I need Help!!! Just a heads up long post. I had to move for work and was debating on renting my house out. In Jan 2019 I made an agreement with text message proof “not sure if that means anything “ with my cousin that...
Mark Forest
Tenant fried my grage panel
My tenant called me a month ago to complain that he has burned up three TVs and he thought the electrical in the house was faulty. I tested the outlet and it was around 119 to 120. I put in a new outlet and told him...
Blake King
Small inheritance! Invest, save, student loans??
Hi guys!
I recently was given $10,000 from my grandma, as she has liquidated some of my Grandpas "toys" as he passed away a year ago. I have about 35k in student loans, with a relatively low interest rate (3-5%). I ...
Mike Sheppard
Question about income from rental properties
I have a quick question regarding income from rental properties. I am a completely newb as of now, and am trying to learn what I need to learn before I get into anything. I am in Northern VA, and I am looking at possi...
Mathew Fuller
Fastest way to hit 20% Loan To Value and drop PMI
Hello, I just bought my first property in Fort Collins, Colorado with a 3% down payment conventional loan. I am wondering what kind of strategies I can use to hit that 20% LTV the fastest?I am going to rent out two of...
Mike Savage
too much equity in rentals??
So i've been traveling a lot and thinking about significant equity in our properties while on the road. Since the Portland market has been on fire and we've owned 4 properties for 10 plus years we have some very nice...
Aliz Raksi
Partner won't buy out of jealousy over what the seller will make
I'm in a bit of a pickle, because my husband and I disagree over investing philosophies and whether we should invest in a particular property. We're both pretty conservative with our money and have been keeping most o...
Nicholas W.
This BRRRR thing really does work, with pictures
First a little bit of background on the house: it is a 3 bed 1.5 bath cape cod, in an older neighborhood of a class A suburb outside of Milwaukee. It was listed on the MLS, had been bank owned for about 5 years and wa...