Nathan Clark
First flip, HORROR STORY!
Been wanting to write this for a while, but got distracted with my buy and hold houses. I've learned so much from Bigger pockets that I wanted to share my Rookie mistakes and hopefully help others.Overview- Bought thi...
Keith W.
Exit Strategy for Lease Option Buyer
This is a 30 thousand feet overview of the process. Correct me if I"m wrong, then a couple questions at the end. Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay...
Hunter Fitch
New tenant is requesting repairs after signing the lease
Just signed a new tenant. She toured the home and then requested an application to rent it. We met with her at the home to sign the lease which was executed. For some context, the home is more of a summer cabin and th...
Matthew B.
Single vs. Multi Member LLC
I often hear that you should always have at least 2 members of your LLC, even if one member only owns 1%. It supposedly makes it more difficult to pierce the corporate veil in the event of a lawsuit. Is there any trut...
Gayle Eisner
Tiny Houses
I have been seriously looking into the Tiny House craze. I am hoping someone knows what I am talking about. Here in CA, esp. SF Bay Area, rental housing is through the roof. (no pun intended). I have looked into t...
Timothy Mitchell
Should I buy this property that needs a new roof and HVAC?
Hello,
The seller has accepted my offer of $121,200 for a 3 bed/2 bath townhouse. I initially analyzed with the following information and the property yielded a ~$420/mo cash flow and a ~15.7% cash on cash return:
P...
Mike R.
service animals of a tenant's guest
Still trying to understand what we have to do to accommodate a service animal, but long story short, we have a tenant (the only person listed on the lease) that we have noticed the smell of dog and cat when our lease...
Thomas Williamson
So I get the dreaded phone call, I mean text message...
Sunday evening while finally sitting down to relax and watch a little football, I get a frantic text from one of my tenants, "Call me now please." So, before I could call her, another text comes in, "I really need...
Lisa P.
Do you give a rent discount if one room unusable?
We had a water heater leak that flooded one of the kids bedrooms. Dry wall and carpet are being replaced so the 2 kids have to share a room. Do you ever give a rent discount in this type of situation. Right now the...
Mark Douglas
Crash or Correction?
I've heard people recently mentioning that the US is headed towards a market correction. In what ways is this different than a full crash, like in '08?