SaraEllen Hutchison
Tenant's guest smoked on property; first Airbnb review 2 stars
Hi Everyone,
I purchased my first multifamily in December 2019. It is a triplex. I have a regular tenant in one main floor unit, upstairs is vacant so far and the other main floor unit is my Airbnb.
My premises are...
Dennis Tierney
Obamacare rent tax
For those of us who are passive investors 2013 brings new federal gross rent tax of 3.58%, thanks to Obmacare. It is one of the myriad of new taxes passed by the Social Democrats. How are other passive investors of th...
Arnie Guida
8plex Tenant vs 4plex
I've found an 8 I like, but one of the things that gives me pause is the type of tenant I'll get.
They probably don't stay as long on average, right? Any thing else?
The 4's I've had are all traditional, center ent...
Andrew Mazzenga
Wholesaling Law
I have been building a business plan to start a real estate investment company for the past few months, i have been doing my due diligence in just about every aspect of the real estate industry as well. I believe that...
Carlos Diaz
Do I need to set myself on fire? Gouge my eye out?
I have been working this real estate game for almost 10 months now and after several contracts that expired, missed funding on deals, and other sorted road blocks. I am no better today than I was when I began this ven...
Adam Stiles
Want to leverage my first house into multiple properties
Hi - I own a house in Oakland. I paid $339K. It's now valued between $750K - $850K and generates $5,700/month in rental income (pre-tax). I have a mortgage of approx. $195K. I've lived in the house 2 of last 5 years, ...
Lacey Haessler
Wholesaling: My Seller Needs Credit Check
Hi everyone,
This is my first post on BiggerPockets AND my first potential wholesale deal. I have been talking with this seller for a few weeks and he has finally agreed to sell to me. The only issue now is that he n...
Jo Zhou
Selling agent signed the counter offer, is it legal
Hi, I am in the process of negotiating a contract to buy a house. I live in California. Today, the counter offer was back with signature said "per phone conversation with seller", signed by seller's agent. I wonder if...
Ian Dunross
Multifamily Financing Plan
Hello everyone,Hope everyone is doing well this weekend! I'm looking at some 6 - 10 unit complexes that require a commercial loan. The loan officers don't mind if I use my own money for the 25% - 35% down payment , or...
Justin Silverio
Negotiating w/ Homeowners
What are you saying to homeowners to get them to sell to you? How do you pitch why they should sell to you even though you are offering them a much lower price than they thought their house was worth? I'm sure some ...