Jimmy Kang
New Investor - Looking for mentorship in BRRRRs
Hi BiggerPockets fam,
I'm Jimmy Kang and I'm just getting started out as a real estate investor. A bit about me. I read Short Term Rentals Long Term Wealth a year ago and it sparked my interest in real estate. As I s...
Sandy Uhlmann
Does a non-performing note have to be with a servicer?
Do all non-performing notes have to be boarded with a servicer BEFORE they are worked out? The non-performing notes have some of the highest monthly fees. (usually around $30/month) For non-performing loans which ma...
Jon Mbu
Is it typical for a Contractor to request 20% or more upfront?
Our General Contractor is requesting a 28% downpayment upon signing the contract for rehab work, prior to any work being started and he claims that he has been doing this for decades and never had issues with that bei...
Randy Chang
Would You WAIVE Your Right to Have Deposit Placed in Escrow???
Hi Everyone, Relatively new investor here. I currently own 5 SFR as rentals and was just exploring a deal to acquire my first 4-plex. I found a decent deal from a provider in Jacksonville for a new construction 4-pl...
Jerry D.
First time eviction
Heading to court today to file an eviction for the first time. I have done everything possible to avoid the situation. Some people are just no reasonable. The cost is going to be $192 to file the paper work. I am in T...
James Sloan
Contractor wants a 50% Deposit
Should I be worried if a contractor wants a 50% deposit (initial payment) on a 15 K interior paneling project? The material cost for this project is very linear over time. The first 100 square feet of paneling costs t...
Frank S.
How Should I Seller Finance To Tenant
I have a single family home, 4 bedrooms, 2 baths, single story, 1800 sq. ft. in a nice suburb community in Houston, Texas. I purchased the home in 2009 for 121K and I would like to sell it today for 170K. It has had o...
Gary Dale McKee
Buyer wants me to pay 10% down too him.
I have a duplex that I am trying to buy for $125,000. I will be using traditional financing for the purchase. The seller wants me to give him 10% down and sign a contract. This is the first time I have run into a de...
Kyle Haney
Tenant Will Not Vacate Property After Fire
Hi Biggerpockets,
I recently had a tenant that caused a fire by knowingly leaving their apartment while she had items on the stove with the burners on. While they was gone, one of the items they had on the stove cau...
Dennis Hollier
Hagerstown and Martinsburg
Does anyone have experience investing in the Hagerstown region. Hard to tell if this is an old town that's dying, or if it's the next Baltimore/Washington exurb ready for investment. Seems like prices have risen over ...