Drew Cameron
Heloc to pay off mortgage faster
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Nathan Gesner
Tenants owe $17,000 in rent; Landlord sells for $70,000 loss
I expect to see more of these in the near future. The COVID moratorium is one of the worst actions taken in my investing history and will cause a lot of Landlords to walk away, file for bankruptcy, and more. As the ge...
Jeff F.
Cheyenne, WY 7 Unit Apartment Complex
On December 2, I closed on a 7 unit apartment building. When I made the offer, I saw a lot of things, but the two most common were disaster and potential. Due to the size of the place, the insane income numbers, and t...
Shanese Francis
What if a recession is really coming in 2019?
With the stock market ending their worst quarter since 2008, there has been much talk about a recession in the near future. I understand that recessions are highly unpredictable, no matter how much research is put int...
Alan Asriants
3% Rates - You either got in, or you didn't!
Today's market is much different from the market we have seen in the past 3 years
Interest rates were at an all time low for too long. This gave many people the opportunity to buy in at historically low rates.
This...
Ashley Roush
Applicant has no social or driver's license number
We have an applicant trying to complete an application for one of our rentals, but they do not have a social security number or a driver's license number- which are required fields for our background and credit check....
TJ Walker
How to rationally select a long-distance market for investing?
I live in Long Island, NY, where hideous shacks cost half a million and only rent for $2000 a month, so I am excited about investing long distance. (My first investment duplex in NY metro is cashflow negative-I hadn't...
Rick Baggenstoss
Is your primary house an investment?
In another thread this debate was started. Is your primary dwelling an investment?
One argument for is that you expect your primary dwelling to appreciate, therefore, it is an investment.
However, an a...
Michinori Kaneko
Property manager pocketing late fees
Hi BP,I have used my property manager for about 9 months now, so far i've been happy with what they have been doing. I signed a contract with them back then, and every property which I have acquired and managed has b...
Michael Burks
Mentoring Cost $20,000
I went to the 2 day Life Styles Unlimited class this past weekend with the goal of learning and finding a multi-family mentor to begin investing with. Like a typical sales funnel I quickly learned it was a brief over...