Timothy W.
Be Careful! Personal Safety.
I got a call from a friend of mine today who does rentals in another part of the country in a "nice" town. While inspecting potential deals he walked in on a dead rape victim.
Folks, when you're inspecting propert...
Greg Gaudet
Will taking full depreciation from new tax law hurt my qualifying
I bought 3 rentals in 2018. With the new tax law I can deduct all rehab costs AND I can deduct the value of things like floor cabinets etc. (about 15-20% of the total purchase price of each unit!) which is a big deduc...
Gregory Serrano
Building an ADU/ House Hack, When You Have Poor Credit/Low Income
My friend Ted will receive a house as his uncle is passing away soon. The house is in North Hollywood Los Angeles County with a $525k reverse mortgage, property valued at $950k. Ted has poor income and 670 FICO and wi...
Drew Markert
Should I get a separate credit card for house hack?
Hey BP,I recently purchased my first duplex to use as a house hack. I have separate bank accounts set up for the property but was wondering if I should get a credit card as well? There is about $10-15k of rehab work...
Richard Duane McClellan
Closing Thursday, underwriter denying loan
Hi Bigger Pockets,I ran into a problem yesterday with my first investment property that I am trying to purchase and I need some advice.Situation:The underwriter for my conventional loan is denying the loan based on th...
Micah Hensley
Help! Insurance in Oklahoma!?
Hey everyone! I'm shopping around for insurance for our first Single Family we are about to close on. I have a couple of questions that I hope your collective mind can help out with! We are BRRRR'ing this one!
1. Is ...
Kevin McDonald
tenant hanging too many pictures/items on wall
I just remodeled one of my rentals (tore down to the studs everything new). My new tenant has moved in and has been in the house for about 6 months. I have noticed the few times I have been called to the house to t...
Robert Nason
Landlords financing Tenants Christmas
I have 22 apartments all with respectful tenants Who for the most part pay their rent on time and take good care of their units. But It happens every time Christmas rolls around. I start getting calls asking if they c...
Rich Hupper
This continues to elude me
Hi Bp I have been an independent contractor for most of my life. I am trying to understand exactly what a typical bank looks for when I apply for a residential mortgage. What number on my tax return will they use to ...
Carl W.
Tenant Dispute - Demands Warning?
My tenant brought to my attention that there was a ceiling issue in their unit. I had a contractor come out to perform the repair but not before a piece of the ceiling fell. The issue is the tenant left valuables ther...