Nicholas Arcidiacono
Should I payoff my HELOC that has an adjustable rate?
Hey BP community.Here's my situation, 2 years ago I got a HELOC on my home to fund my 1st rental property. All went good, I got the property and it's been cash flowing since. The problem I'm facing is that the HELOC a...
Christopher B.
Roofing is hurting my BRRRR
We purchased our first Investment property, and it was a decent 4 unit deal. The seller, a realtor, was asking $99K, we offered $80K, and landed on $86K. Marker value was ~$108K. After our repairs and improvements,...
Jasmine Vida
Should I install gutters
Hey there, I was looking to get opinions on installing gutters on my rental properties. Do they add value to the house at all or have any other benefits than just rerouting water?
Hagay Yunger
Insurance versus an LLC
Hi, I am a relatively new Real Estate investor. I know that many investors form an LLC in order to mitigate a potential liability in case of a lawsuit. The question is – is there a type of insurance that covers/mitiga...
Virginia Lacy
CO Landlord - Can I use a SD to pay my spouse to repair damage to my units?
Hi Everyone, I am aware Colorado law prevents landlords from charging the tenant's security deposit for the time the landlord spends on repairs (though they can charge materials). My question is, can I pay my husb...
Lafo Manane
Getting out of a coin laundry contract
Hi all,I just acquired a 4 unit property that came with a coin laundry setup and a 5 year contract that started in 2016. We're taking the property off rental market, renovating and plan to use it as short term vacatio...
Robert Dautov
Tenants now allowing inside to perform home inspection
Hello,
I am in the process of purchasing a two-family investment property in Camden County, NJ. The contract was signed a month ago, mortgage approved this week, but the existing tenants won't let anyone inside to pe...
Kevin Kong
What would be better?
Hi I was wondering what would be the best way to prevent a house from flooding other than not buying a house in the flood zone. There is a house in the north suburbs of Chicago in a amazing school district, but its i...
Melody Liao
Water damage caused by upstairs neighbor (no insurance?)
Hi all, I'm looking for any legal advice and feedback on going through CA small claims court. In short, our upstairs neighbor's toilet valve broke due to wear (suspected from manually twisting it to stop water flow), ...
Mervin James
Tenant retaliating by shutting off power in breaker box
Hello BiggerPockets community. I own a duplex and live downstairs. For a variety of reasons, I am wary of the upstairs tenants shutting off power to the property using the breaker box in their unit. What can be done i...