Gary Fare
Collection Agency Process
I recently purchased a 4 unit a few months back and got stuck with one set of poor tenants that I evicted. Their rent due was in excess of the security and although I do not have any expectation of collecting, I woul...
Jermaine White
Do I start while overseas still active duty or wait till I retire
Hello BP Community perhaps you can help me along with my decision process. I figured this would probably be the best place to post this. Ok so long story short active duty military, less than three months out from ret...
David Towery
Triplex Deal - Need advice/feedback
I'm currently about to go under contract on a fully occupied tri-plex outside of Houston, TX. The numbers seem to work ok for me. What scares me is that the owner has just put in a new tenant that does contract work. ...
Manraj Singh
Negative Cash Flow : Tax Offset
Hi,
I am aware that acquiring a -ve cash flowing property is a BAD idea. Also aware that we shouldn't be looking at 1. appreciation and 2. tax benefits as an answer to offset a -ve cash flowing investment.
1. I am ...
John Franczyk
Rental Income vs. Operating Expenses: Long-Term Projections
I'm running different scenarios with the BP rental calculator for a 4-flat that I'm considering purchasing in southeastern Wisconsin. The building is in good shape and is fully-rented, but it is older (80+ years) and ...
Will Barnard
Fear Running Rampant!
Background for those that don't know me: I am a full time real estate investor and I have invested in nearly every aspect of real estate. Recently, I have added transactional funding services to short sale and REO inv...
Jim Johnson
Legal / Illegal / Right / Wrong / Laws / Ethics / Morals
I want to open a topic that is based more in purpose than product. The 'why' we do things. On most boards I see people asking what is legal and illegal. While that is a worthy topic, I am perplexed to note that seldom...
Naina Green
Help! I'm living a renovation/mortgage nightmare!
Hello! We are new homeowners, new to this site and have just started on the path of REI. We bought a house in Mt. Washington (Pittsburgh) in June 2017 through a Fannie Mae HomeStyle Renovation Loan. We first made an ...
Ryan Mulkins
Frustration with governor's moratorium on evictions
Recently, our governor posted a 90-day moratorium on residential evictions due to COVID-19. We have had tenants contact us telling us they will not be paying rent due to reduced hours at work. We have also had our o...
Christy Winchester
1031-When does it make sense to NOT exchange?
When does it make sense to NOT complete a 1031 exchange?I have acquired a vacation-esque property in an exclusive gated neighborhood. I plan to sell this home. I expect to walk away with 400-500K but my investment st...