First mortgage, 230k, 5.125, ARM (40 year, about 14 years in), just reset in July (locked in may/June), up from 5%2nd, HEL: 40k @ 3.75% (2 years into 10 year)Property value, 300kSo that puts me right around 90% CLTV. ...
A friend of mine wants to break her lease due to her landlord slow at fixing things. She wants to move into my vacant unit and just get out of her lease. It took a few months for him to fix something they requested as...
A tenant in one of my rentals moved in 2 months ago. A week ago he told me that he has to move back to his home state that he came from, and this weekend he moved out. My handyman helped him to move out. Yesterday thi...
I recently bought a property in the City of Detroit from an auction, and it turns out there's a squatter there. Talked to both of the next door neighbors and apparently this lady (with kids 😮💨🤯) broke in and set up h...
Good evening everyone. I'm I the process of closing on our first property through the VA. My question is Are there any tax breaks with purchasing a home. Being this will be a one year owner occupy before we can rent i...
I hate to post about the cliché problem of a toilet not flushing at 2 AM, but I'm currently dealing with this problem with a particular property under management. They have received 3 emergency calls (and charged me a...
Hello,I've been reading the forums/lots of REI books and listening to hundreds of BP podcasts over the last year, and I'm ready to jump in and start on my first deal. My long-term goal is buy and hold, likely with BRR...
I’ve been wanting to invest into a multi-family property (4 or 3 plex) for some time now. This will be my first property I do plan on living in it to get firsthand experience being a landlord. I have been scouring the...
I am fairly new to land-lording and this is the first time this issue has come up. In June I had two rental properties that had water leaks causing a high bill at one property ($217.00) and an extremely high bill (ove...
Hi all. I have potential tenant who's accepted as a medical student(4 years program). She has different degree but decided to achieve doctor degree. She will be full time student. Her dad approached me and offer to pa...