Jim Kaufman
Over-improving electric or doing it right?
I am putting together my SOW for my first flip and want to upgrade the electric on the two story to grounded. Why? I want to put out a good product (that sells easy!) and it makes sense to me to upgrade the electr...
Ernesto Hernandez
Saving You Time Edition #3 - Real Estate Loopholes ($/Poor Dad)
Disclaimer - I type out the notes as I go, on my iPad. Grammar mistakes highly likely.Real Estate LoopholesWritten by Kennedy and SuttonPart One: Being Smart You need to learn to OPEN tax loopholes for yourself and CL...
Norm M.
Making it work - owner occupied multifamily residence in high cost area
Hi everyone,
I only discovered biggerpockets yesterday and I've already learned so much! Wanted to bounce some ideas off of the pros here...
I'm a soon to be high income earner (stable, high demand job) who is look...
Ko Saynourath
Mutual Termination Agreement
First off, I'm new to the BP community and I just wanted to say and give a slight intro about myself. My wife and I have been landlords for 16 years and now have three properties simply because we just converted our ...
Al Williamson
Tenant Request for Compensation
Got a call from a tenant telling me that a blade on her ceiling fan flew off and almost hit her. I apologized but went silent when she said she wanted to be compensated for the mishap. I told her we would talk about i...
John Backus
Under water on house- Is forclosure an option?
Hello, I'm looking for some advise on what to do. In 2006 my wife and I purchased our first home in Lansing, MI. Honestly, I believe we overpaid unfortunately, and it cost us $107,000. We had an FHA loan with no down ...
Ralph Dicharry
Flooded Houses in Louisiana
Hi BP familyLiving in Louisiana I'm beginning to receive calls about people wanting to get rid of their flooded houses from the 2016 flood. I have never thought about flooded properties before so I decided to reach o...
Michael Baybut
Bank REO purchase strategy
Hi,
This is a bit of a follow up from my previous post. I'm very interested in a REO property that's about to come on the market soon. I tried to buy it as a SS but it ended up at foreclosure. The bank had accepted my...
Jenessa NeSmith
Every STRs worst nightmare...need advice on what to do!
I want to preface this by saying we've been Airbnb hosts for almost 2 years, and this is the first time we have had a huge problem like this. For the past two nights we have had people staying in our basement which i...
Chris Mason
Coronavirus Mortgage Meltdown Articles
This is probably the best article I've seen so far on what is going on in the mortgage marketplace.
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, whic...