Antonio Bodley
Those WE BUY HOUSES people
I contacted one of those WE BUY HOUSES companies one day. I asked if they buy properties from investors who have properties under contract. They said no. They only buy directly from the private sellers. I was thinking...
Lauren Hogan
Why Do You Invest in Los Angeles? (Testimonial for BP!)
BiggerPockets! I work at BP and I'm working on building a landing page for Los Angeles. Would anyone be willing to share why you choose to invest in the city? What makes it so wonderful? Would you tell others to inves...
Kyle Shankin
What are the downsides of getting your real estate license?
There are many posts and have heard several guests on the BP podcast advocate for getting your real estate license, but no one ever talks about the downsides.I'm a southeast Michigan-based investor who is using direct...
Tiffy W.
Do you suggest renting PO Box to collect rent?
Hi,I have a question for investors out there. Do you suggest renting a PO Box to collect your monthly rental checks? I will not be living in the building so I would like to avoid physically collecting these checks in ...
Mark Lira
Discount rent for on time payments.
Hello We all like to receive rent on time. With that in mind, I had a thought of advertising rent slightly higher than I need and offering a discount for payments made on the day I want it. For example if I need $86...
Amanda H.
“Bad” neighborhoods - buy rentals or not?
I’m looking at a great deal in a not great neighborhood. Not great as in lower income, higher crime, and from what I can tell driving through, mostly African American neighborhood. Should I avoid this area all togethe...
Corby Goade
Late Fee "grace period." Why?
Most leases I've seen have a "grace period," rent is due on the first, but a late fee is not assessed until the 3rd or the 5th. We've had this in our leases and it has not served us well, and to be honest, we have inc...
Mitzi Castiglione
Deciding between buy & hold or buy & flip
We have a house that when we bought it, our strategy was to hold it. However, it would also make a nice flip given the market right now. We have done both in the past. The purchase price was $58k. To rent it out, ...
Carlos Simmons
$400k to Invest. What would you do?
Will be cashing out soon from a company buyout. I will end up with about $400K cash after taxes. My first impulse is to purchase 4 $200k homes with $100k down on each and rent them out. The thinking behind that is ...
Jennifer A.
Help me understand
I have bought one property at foreclosure and attended many, many more. I'm trying to understand something though. If your house is valued at $280,000 (and I believe it to be north of $250,00 based on my knowledg...