So the other day I was driving around while my son was napping, and happened on a really jacked up vacant property, all boarded up and overgrown, in a fairly nice neighborhood in Collin County Texas. Lot is fantastic,...
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I was wondering if anyone has had experience using a 401k loan for capital towards buying an investment property? Most company 401k plans (including mine) allow you to take out a loan of up to $50k (or the lesser of 5...
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Hi all - Thought I'd share some of the "red flags" or warning signs I consider when accepting bookings at our vacation / short term rentals. If several or most of these are present, I won't hesitate to deny or cancel...
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A neighbor used our water to fill their swimming pool. So we have a rental property that the tenant just recently moved out of. I went and checked on it today and the neighbor has an above ground swimming pool with a ...
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Hello! If there is an underground oil tank, is the seller legally responsible to remove it before the buyer acquires the property? Or can it be negotiated within the contract? This property is in Connecticut. Thank you!
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Hi all, I am a first time real estate investor and bought a duplex back in Feb and was able to turn ithe around before the 2nd mortgage paymen, which I was pretty happy about. And if you would have asked me how things...
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Hello BP people. I’m going under contract for a house for 40k. This is great, but I’m running into some issues. My original lender said I have to spend at least 100k for a renovation loan (mortgage+renovation costs). ...
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Trying to assess whether we should buy a car or lease a car. Breakdown of our current situation:1. we have one car (only need one car)2. we drive less than 10,000 miles a year3. we use the car more than 50% for busin...
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Hi all, I have owned my first and only rental property (Single family) for about 3 months now. My tenant moved in 2 weeks after I closed, a couple and 1 teenaged child. It has not been as smooth as I had liked. My ...
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My husband and I are DINKs with a plan to retire early, well go to very part-time, that seems too easy, and I'm hoping the experts (you!) can help us vet this plan.I'm 39 and my husband is 46. We live in Austin, TX an...