John Rocker
No Mortgages for LLC's
I am a newbie and just established an LLC for the purpose of buying single family,duplexes and quads as buy and hold investments.
The mortgage broker just informed me that lenders will not finance a conventional mort...
Stewart McMillan
Wait, what?! Tenants Violated Lease and Want 2x Security Deposit?
I recently had an issue with the power going out in a Chicago unit of mine. ComEd turned the power off due to non-payment(though ComEd never warned me or tenants which they are required to do by Illinois law), but I h...
Michelle Eisenberg
H&R Block/Turbo Tax vs. CPA
My partner and I live in the California Bay Area and just closed on our first buy and hold SFH in St. Louis, MO. We're still getting it rent-ready, but we'll hopefully have a tenant in soon. That means that for the fi...
Nick Rutkowski
Sometimes, its easier to work with problem tenants than strong arm them.
This happened to me a few months ago. I hope you can learn from my mistakes and experiences. My last eviction taught me its easier to work with a problem tenant getting them out versus forcing them out with their fee...
Anne W.
High Maintenance Tenant - Looking for your input
Hello all, I am looking for your input on managing this tenant. He is very high maintenance and I am at my limit. I am not perfect, so maybe it's me... Regardless, please feel free to share your constructive feedback....
Julie Kern
First Deal: SFR or Student Rental?? - Brainstorming
We have a contract on our first deal as of today (see http://www.biggerpockets.com/forums/88/topics/1548... for details).Our original plan was to rent this out as a SFR. But over the last 24 hours, I started wonderin...
Steve K.
Is Creative Financing Becoming the New Subprime Lending?
Rising interest rates have hurt everyone’s buying power (except cash buyers obviously), and inventory is locked up because nobody wants to move and give up their historically-low interest rate. Word on the street is ...
Hobart King
Insurance is killing my rentals
Can someone tell me what a normal amount is to pay for Insurance on low end rental properties? I own two rental properties in a 50/50 partnership in Birmingham, AL.
Rental 1: Market Value ~50k. Insurance Payments ar...
Josh Ambrose
Is Renting or Flipping Better?
What do you guys think is the better way to go? To buy and rent to build a great source of passive income or Buy and flip to make great returns but with more work and risk?
Arthur Crum
RAD Diversified SCAM ALERT!!!
Hello,
I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all ...