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Hey all,I have a tenant that did not pay rent on time this month. So, the day rent was late I put a 5 day noticed on their door. He came out and got the notice very quickly and called me after I had just driven off. H...
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Hi - we bought a 2 bed condo last year from Fannie Mae and subsequently rented it to a young couple with a baby. We understand the previous owner (before Fannie foreclosed it) had died in the unit a couple of years ag...
The IRA vs. 401(k). You’ve heard of these retirement accounts before, but do you know the difference between the two? Maybe you have a 401(k) at work and have been diligently getting your employer match but struggle t...
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I had a discussion last week with a REI guy who basically said rents never go down. While I politely disagreed, he insisted it was true. Indeed, for him and his limited experience, rents always go up may seem factuall...
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Hello! I recently passed my real estate exam. I work full time as a psychotherapist. I am currently looking for a brokerage to work with in the Chicago area. Why did I get my license: I enjoy my job as a psychotherapi...
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After tenants moved out on June 30th, I discovered they had extra people & pets living at the house (both were explicitedly against the lease agreement). The house had excess wear and tear and damage that is above...
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Hello, First time home buyer looking into using the house hack strategy. Came across a property with an already built ADU but it is unpermitted. Wanted to find out thoughts of pros/cons of purchasing? and any insight ...
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Hello everyone!
I'm 22 years old from Long Island. I work in New York City as a Paramedic as I finish my degree in Health Science at Stony Brook University. I've always been looking for that other way to build wealth...
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I have just acquired my first two long term rental properties this year and am looking to take advantage of the tax benefits. How important is it to get with CPA to assist with tax benefits. I have spoke with my paren...
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Hi BiggerPockets. I'm looking for some advice regarding the transfer of property from my in-laws to their 3 adult daughters. I will, of course, seek advice from a legal/tax professional, but recall from time that I pr...