Jared Vidales
Houston Insurance INSANE!
Hi All,I just entered the Houston market with the goal of buying long term rentals. I closed something in Missouri City the other day, and the insurance was $3,000! The home was worth about 145k. Im now underwriting a...
Caleb Charles
Eviction
Hello Biggerpockets,
I have a questions regarding eviction or possible evictions.
I am currently under contract with an owner who is in pre foreclosure process. The property is a 3 family, and I currently have it be...
Geo Tan
Who do your tenants write their checks to for rent?
Hello BiggerPockets family,I am currently in escrow for my first multiunit so I am finally able to join in on this side of the forums.I was just curious to how most of you fellow investors would setup the basics in be...
Hasan Hamdan
Bankruptcy Short Sale
What do you say to a seller when they ask how does a short sale benefit me after I've done bankruptcy? Are there even any benefits? What I've been saying mainly is that its added protection and gets your name out of i...
Kenisha B.
Purchase a 4plex evict everyone??
Hello BP Fam,I found a 4plex in Texas, at a decent price, but the rents aren’t at market. I highly doubt anyone would want to pay an extra $500 a month in rent, so I’m thinking I’d have to evict everyone. Is this a ba...
Kevin Lefeuvre
VRBO, Yapstone, Hyperwallet, what a mess!
Those of you hosting with Homeaway and VRBO have certainly received 2 emails in the past few days;
One email is from HA/VRBO telling us they are dumping Yapstone because Yapstone now wants to charge 3% additional fo...
William Coet
Real Estate or Stocks. Same ROI, Which is Better For Taxes?
If a RE investment and Stock investment return the same amount of ROI over a 15 year period and then sold which is the better investment? Assuming a 1031 is not used (they may not exist in 15 years), do certain struc...
Michael Shuster
Why The Rich Get Richer - They Buy Low-Sell High!
Over 90% of the population are are trapped in the rat race.
One of the reasons the rich get richer, the poor get poorer, and the middle class struggle in debt is because the subject of money is taught at home, not ...
Mil Sanghvi
WHAT TO DO WHEN A TENANT SIGNS A LEASE AND WANTS TO CANCEL IT IN 5 DAYS?
Hi,A tenant looks at the place while it was in move in move out clean up. She signs a one year lease on July 11th and the move in date was set for July 17th. She gave me $500 cash at lease signing $366 for pro rated J...
Santhosh Nair
Options for Investing 250k
Looking for out of state deals due to local market condition in the west, has 5 small SFH units under belt in OH.
What is the consensus for the best way to invest 250k in 2020 from risk reward standpoint?
1. Leverag...