Eric Bradeis
Inheriting potential problem tenants
So I'm under contract to purchase a triplex in NJ. I just got home from the inspection and all units are currently occupied and we will be inheriting all 3 tentants. One of the units had drug paraphernalia and drugs a...
Matthew Otero
I just received Chapter 13 paperwork from one of my tenants
So I just received a Notice of bankruptcy. One of my tenants has filed for Chapter 13 bankruptcy. I’ve forwarded the information to a lawyer but does anyone have experience with what may happen next?
Ricky Arisme
New to the Real Estate Market - Middletown, NJ area
Hi Everyone,My girlfriend & I are joining the Real Estate Market in the Middletown, NJ area. We've found a great property and would like to put an offer on it for $126k. We'd put 70k in renovations and hope to sel...
Nancy Lim
What would you do with a $890K cash downpayment?
Hello,We have $890K of cash waiting in our 1031 exchange and we can't decide if we should buy properties for short-term or long-term rental. We live in Los Angeles. We are currently looking into multi unit properties ...
Tarik Griffith
Rookie Investor in need of rehab advice
Good afternoon BP, I'm currently lookin for advice on how to renovate property that was left to me. I have 2 two story properties adjacent to each other that are currently vacant and uninhabitable, the roof is collaps...
Andrea Ochoa
HELOC vs Refinance , which one and why?
Hi everyone. My names is Andrea and looking to see what people are currently doing in regards to pulling your money out to move on to the next property. Just did a rehab I already on a property that has 2 homes in on...
Anne Marie Kodama
New to BP from SF Bay Area
My husband and I purchased our first investment property in 2011 in Fairfield, CA. We bought a single family house for $169,100. It is now worth ~$400,000. We are renting for $1,795 and bring in about $200 cash flow...
Marc Aragon
Should I press charges?
While we were in court for a tenant holding over case, my tenant presented a fraudulent lease with my forged signature on it inAn effort to persuade the judge that she had a valid lease. I personally believe that suc...
Austin Siewert
Late fees? Pet Rent? Acceptable Vacancy Rates?
Curious what others are currently doing for:Late Fees? How much and at what point in the month? 5th? 10th?Pet Rent? Do you charge and how much.Acceptable Vacancy Rate - we own a reasonable # of doors in the city of M...
Ariella Jacques
Downsides of paying cash then refinancing later for a single family rental?
Hello!
My husband and I have saved up enough to pay cash for our first property, which we would like to live in for a short time (~1 year) before getting another property to move into and renting out the first prope...