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Turning Primary Residence into Rental
Hello Everyone,
I have kind of a sticky situation. My wife and I have jointly owned our primary residence (let's call this property A) since 1996 and have built quite a bit of equity in it. We recently decided to p...
Jimmy Day
Hold property or let it go?
I have a studio loft in downtown Atlanta that I could likely sell for $135,000. I currently owe about $107,000 on it and have it rented out to an amazing tenant who has never called me with the first concern over her ...
Gina Cabell
Can I keep part of a security deposit for a broken garbage disposal.
I had a brand new garbage disposal installed in my rental property 2-3 years ago. I recently had a mid term renter call me last month to tell me that it was broken. When he moved in, I gave him written instructions ...
M S
Wholesale In California
Hello Everyone,
I am just getting started in this crazy world of real estate investing and have been looking for my niche to start on. And I have really generated an interest in the wholesaleing aspect. I have be...
Byron W.
Delisting / relisting with a dropped price. Bad practice?
I'm currently in search of my first multi-family live-in property. And I've noticed something that was odd at first. Some properties have been listing for say... $500k and after a month or so of no offers, they'll del...
Kenneth Garrett
How do Banks look Self Employed (1099) v. W-2
I am a W-2 employee and have no problem refinancing my rental properties from private lenders. One day I plan on being self employed with RE Investing as my full-time career. What impact am I looking at from lenders...
Shawn Connors
What To Do With a Stale Listing!
Hey BP,I am having a difficult time with one of my listings. The property has been on the market now for 122 days. Within those 112 days, the property was under contract twice. The first buyer backed out after the ...
John Chang
Advice on dealing with mentally unstable tenant in CA
Hi, I just received a phone call from one of my tenants in a duplex that she had to call the cops on the other tenant in the duplex because he was up all night banging on the walls and screaming. She said that he has ...
Tyler Kastelberg
Old Building Boiler Heat Alternative Help
BP Community!I own an 8-unit, class C multifamily building in coastal Virginia and am looking for a heating alternative that will allow me to decommission the central boiler. The units are currently separately metered...
Harman N.
Franklin County Property Taxes
Hey everyone,I had a few questions about how property taxes work in Franklin County:I know there's a triennial reassessment, but can the taxable values change in between the 3-year periods, like maybe when permits are...