Account Closed
The Annoying "mortgage interest" write off
Recently I've heard (or seen) some real estate guys preach and preach and preach about how keeping mortgage debt is good because you don't lose the mortgage interest deduction. This is very misleading to a new invest...
John Corey
Personal Guarantee (PG) negotiations
I did a quick search and did not see anything recent that matches this. If someone knows of a good thread, drop a link here.Otherwise, lets discuss what people do to negotiate PGs. What is considered normal or accepta...
Michael Noto
Diary of a Single Family Rehab Project in Plainville, CT
Lately our investing focus has been on purchasing, rehabbing, renting out, and either refinancing or selling multifamily homes in our area. It has been a while since we did a single family project, which has largely b...
Mike Franco
getting started in BRRRR with $1M cash and $1M+ assets? leverage
I need a strategy.
I'm retired, but never got into the BRRRR. I have $1M cash and $1.5M in paid off real estate assets, no debt, and no 'real' income. 830 FICO.
I want to leverage my assets and start BRRRR to secure...
Shari Posey
Newer tenant is concerned about security--need advice
We have a young single woman who is a tenant in one of our properties who moved in fall 2012. She's a nice tenant and responsible. There was an incident a few nights ago when a big fight broke out on the street in fro...
Art Maydan
Renter Wants to Install Dish and Phone Jack
I'm at work and my renter just texted me that AT&T is at my house and where can he put the dish. My wife and I live upstairs and he just moved in downstairs. He's asking if they can put a dish on OUR balcony or on...
Jeremy A.
Screening for booze abuse?
How can i screen for alcoholism etc. Once discovered can i evict for that?
Joshua J Cawthorn
First duplex; loan just funded today!
Hey guys! Super happy to report: the loan on my first duplex just funded and I'm expecting to pick up the keys tomorrow evening. Paid $700,000 for a duplex: 3 bed/1 bath upstairs and 1 bed/1 bath downstairs in the Nor...
Yingchun Li
Rental property renovation questions
Hi, dear landlords on BP!!! I am going to close my first BRRRR house this month and will start the renovation next month. The strategy for this house is for rent for a few years then sell it or maybe just keep it as a...
Matthew Guidry
Can tenant take central AC unit paid for by tenant
Long story short, my mother in law has been living in her deceased parent's house in Florida. The house was passed down to her sister but she was allowed to live there. Her sister passed away last year and the house i...