Matt Lindsey
Rental Insurance Increase?
Hello everyone,I had my first claim through my insurance company (AAA) for my rental property. This involved replacing the flooring downstairs. I was given about $8K for the damage to the flooring, wall, baseboard, et...
Candy Elk
Charge interest or fees when initial closing significantly delayed
As a private lender I’m Looking for advice for when an initial loan closing is delayed either a week or so or even prolonged. In one instance (happens to be our most regular borrower) the loan was delayed about 2 mont...
Matthew R Mofield
Using a HELOC for a down payment
I recently opened a HELOC on my personal home in hopes to use some of that money for a down payment on a rental property. I have been looking at various properties in my area (single family) as potential investments. ...
Michael Hibbs
New Investor with a Possible Great Opportunity
I have been reading all the great articles on my Bigger Pockets emails, but have not entered into the forum until now. My wife just inherited a free-and-clear single family home worth about $90,000. We thought this wo...
Kisha Peterson
No paperwork financing
I’m a newbee so I need some good advice. I cash closed ($75K) on a property 4 weeks ago. It wasn’t my intent to pay cash but Covid happened and many lenders were at a standstill so I ran out of time (it was purchase...
Carl Kahkonen
doing a double close
When you do a double close, do you have to put an eanest money deposit on a property before the double close happens.
Kelly R.
short sale
I am working with a realtor to buy a short sale house from a company that has an agreement to sell short sale properties for Bank of America, and am running into some problems before I'm ready to make aoffer. ...
Jacob Horn
Are down payments necessary?
I’m trying to get opinions on if putting a large down payment on an investment property is truly necessary (BRRRR method). I’ve seen plenty of videos online but I get the feeling that the video creators are slightly b...
Gabrielle Simmons
Peoria Illinois Flip/Rental Help
Got a home in Peoria IL under contract at $59k. Using hard money. It's in good condition, could use about $15,000 to improve. ARV is $130k MAX. This is my first deal and I'm wondering if it's better to flip it or hold...
Carol Hu
How to send tenant to debt collector
I have a tenant who owes me 7+ months of rent, I filed the eviction when they were two months behind, but the court gave me a court date of 5 months later. The tenants left the day before the court date, so the evicti...