Renee Ward
Unexpected appraisal results
Hello, 1st time posting, though I've been living and breathing allthings Bigger Pockets for the past 6 months. My husband and I are new REI, just closed on a 4 plex found off market using seller financing in March, '...
Michael Sanchez
Need some advice. Sell house or keep cash flow or....
Hi all,Quick background: I have a house that I am currently renting out. I still have a mortage on it. My mortgage/ins/taxes is $1200 but I am renting it out $1900 a month, so I am making a little cashflow.I plan on g...
Leslie Crosten
Cost of tearing down a couple walls?
Hello! I am under contract on an over/under duplex- the downstairs is 4 bedrooms with only 1 (large) bathroom and smaller kitchen area. You can tell it was a SFH turned duplex, and it is very nicely maintained with gr...
Brandon Cao
IRA $10000 -- Downpay Investment Property then IRA First home Purchase
Hello Everyone,
I have heard a lot about using $10,000 of IRA money penalty-free on your first home purchase. I have an interesting question that hopefully one of you can answer. I am currently under an unbreakable...
Jennifer Taylor
Legal Structure Questions
Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for manag...
Sean Regan
Chimney Stack Demo - DIY or Outsource?
Hey all,I am in the middle of my first rehab (for LT rental) and want/need to lower two decaying chimney stacks to a safe height above the roof. One is about 20 ft tall (11 ft above a 9 ft roof) and several feet from...
Mathou Ba
Buying an illegal Duplex recorded as a SFH and occupy both units
Hi everyone!We are looking to buy a house listed as a Duplex but registered as a Single Family Home at county level (Alameda,CA). The county records shows a SFH with 1 kitchen and 3 br while in reality it is a Duplex ...
Kevin R.
Which inspection findings should I ask the seller to pay for?
Hi everyone. I just had an offer accepted for $230,000 on a 2,550 sqft triplex in Philadelphia which was built in 1925. The inspection turned up the following issues. Which of these do you think I should push to have ...
Joe Mills
Valuing mobile homes
My portfolio currently consists of single-family stick-built rentals. I have the opportunity to purchase 4 mobile homes on an acre of land for $135,000. The owner reports gross rents of $2750/month (this includes th...
Sean Buruschkin
Breaking the lease because rooms cannot be heated properly
I started a lease on 12/15/2018 and I am the tenant. It is a three-story home and rehabbed in 2018. I am the first tenant since it's been rehabbed. To give you full context, the home is located in a flood zone in Phoe...