Cameron Belknap
23 year old RE investor, questions regarding first purchase
First time posting here.TLDR: I am a new RE investor and have questions regarding long term wealth generation through RE. My Background:I am 23-year-old recent college graduate looking to purchase my first home/invest...
Woodward William Beardsley
Should I bite off as much as I can?
I'm meeting a guy tomorrow afternoon that has 15-20 rentals in Lansing, MI and is looking to retire soon. I've been thinking about getting in the rental business and could use some direction. He asked if I'd be intere...
Dave Toelkes
How Depreciation is Recaptured
Investors have long known that depreciation on depreciable real estate is an economic fiction. Since property values usually increase over time, depreciation has often been called a "phantom" expense. Congress even r...
Nathan Seltzer
My First Deal - 2 Years Later
Greetings! I haven't been active on BP for a while because of my intensely busy life in the last year. Wow! How time flies! I just realized that I'm basically at the 2 year anniversary of my wife and I's first investm...
Tim Johnson
Can I let tenants apply for free then do credit / BG check later?
Rookie question. I'm about to fill my second vacancy and wondering how to get more applicants this time around. I had a bright idea: make it super easy for them to start the application process.Tenants would apply for...
Joseph Duenas
Purchasing a foreclosure and previous owner won't leave
I'm in contract to purchase a house that was purchased over a year ago in a foreclosure auction by wholesaler/ investor. The right of redemption is up, and the current owner is selling it to me with a significant amo...
Bob Galivan
Cleveland Investing: Short Sales
A client recently contacted me about a short sale in the Cleveland market that seemed to be priced way below market value. After digging into the listing info, I found a fairly typical approach to marketing these prop...
Jacob Pruckner
Financing Ideas Needed!
Hello All!
A friend and I are interested in starting a partnership LLC to invest in Rental Properties. We are both new to real estate and looking for creative ways to finance our first couple of properties. We are l...
Nicholas Ferraro
Hello From VA/DC
Hello BiggerPockets,To introduce myself, I am a 23 year old aspiring Real Estate Investor originally from the Virginia Beach, Virginia area. I have dreamed and planned on investing in real estate since I was around 1...
Michael Lenahan
Tenants owe me 5K in back rent - What is my recourse?
Hi,My first time in 5 years of Real Estate Investing that I had to evict someone. So the process is new to me...The tenant was recently locked out (11.28) and their Petition to Restore was denied. They owe me over 5K...