One of my tenant, Her rent is due on the 1st and 6 out of 12 month pays rent late. Usually by the 2 Nd and third ,one time on the 12th after I told her if she doesn’t pay me on time and not repond ding my text I will ...
Hey everyone!I'm currently in the process of purchasing my first property. This is a fully occupied 4 unit property in good condition. Each unit is a 2 bed 1 bath around 1,000 SQFT each. The current tenants are paying...
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Hello BP! As some of you may know, I recently became a landlord over the weekend through my first house-hack. I'm attributing this issue to being new to the game, and not executing my application/screening process as ...
I am in the middle of purchasing a home as a fix and flip rehab loan. The ARV did not come in at value and the lender is asking for $50k more out of my pocket. I wasn't feeling comfortable with the deal and was deba...
A 3/1 townhouse I own in Baltimore was trashed by a Section 8 tenant who moved out at the end of 2016. I spent more than I expected getting it back in shape. Then had difficulty renting it for several months, for vari...
I own three homes with three different mortgages. Now I feel like I start paying off one property so I won't find myself in any future financial issues. What should I pay off first. Here is the details
1 my home - $2...
My girlfriend and I live in a house (with a conventional mortgage) that we don't wish to move out of. I want to get into rentals, but don't yet have the capital to put %20 down on a sfr in my area. I do however have t...
Hey hey hey BiggerPocketeers.I'm doing a bit of research for an article for the BiggerPockets Blog.How do you collect rent? Checks, Venmo, other software (please name names) or something else entirely?Please let me kn...
Yet another chance to be featured in the next issue of BiggerPockets Wealth Magazine!
Investors and homeowners, let us know: What do you wish you would have known when you bought your first property?
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