Chris Pincus
Help Landlord Taking Advantage!
Recieved letter today from landlord saying I owe a 250 late charge, and 18% interest after today for not paying my rent to them, saying its in breach of the lease.I spoke with them 8-12-2014 about infestation of mold ...
Brandon Stiles
Questions about using LLC for flips...
I know I need to sit down and talk to an accountant before moving forward but I was hoping someone could help clarify a few things for me.I'm planning on creating an LLC for house flipping. Mainly so I can elect to be...
Gabriel Sanchez
80k and no clue where to start
Hello I'm am new to the world REI, right now I am looking to learn as much as I can. I have no debt besides a 1k credit card that I will pay off within a month... everyone I talk to just tells me to keep saving up unt...
Brad Gibson
Any input on buying Multi with utilities that arent split?
Hello fellow BPers, I am looking into buying a Tri-plex that doesn't have any of the utilities split up. The current landlord rents to a farmer who pays all rent and utilities for his 3 employees living in the apt. So...
Andrea Ives
Two houses by 23 (a newbies goal)
Hey BiggerPockets family! My name is Andy, I am 22 and currently live in Austin Texas. I have the goal of having two homes in my portfolio by 23. My first home I plan to finance through a FHA loan which I am currently...
Kevin Keefe
60k to invest, in college, no steady history of job
Hey everyone. Long story short: I ran a landscaping company the past 3 years and sold it in July. I want to buy an investment property so badly but I will definitely not qualify for a bank loan since I have no real i...
Corey M.
Renting out Primary residence - tax implications
As noted in another post, I'm considering renting out my LA condo, which will be cash flow negative in the range of $500/mo. I bought the house for $320k with 20% down, did a cash out refi recently and got a new $420k...
Barri Griffiths
Buying on actuals vs pro forma
I've always heard and believed that you should only buy on actuals. But I've been hearing more and more of the experts buying at a low cap rate(5-5.5 and even lower)Therefore I'm assuming they're buying on what the pr...
Mauricio Quintana
Class C property, what income/rent ratio do you require?
Landlords of class C properties,This is my first venture into rentals. I'm just curious as to what parameters you use to determine a good renter? Do you do any sort of ratio where you look for 3x (or whatever that m...
Amy E.
Lean on a Tenant to Pay Up
If you have a tenant who is paid up on rent, but doesn't pay for other fees (storage, parking, late fees, whatever), how hard do you go after them? I'm in a situation like this and the property is profitable, and the...