If you could borrow 50k for 5 years at 8% simple interest with monthly payments or 50k and 9% compounded annual interest, with no payments until one lump sum at the end of 5 years, which option would you choose and why?
Hello, I am a first time landlord with my first property. My tenant just notified me of this in November and they first started noticing it back in May (eye roll lol). There appears to be a leak but I'm not a very han...
What have people paid in application fees when refinancing in New Jersey? Do most people get a lawyer when refinancing or is it straight forward?
Lesson #2 - Always, always, always get three bids!!The next thing we learned is how tough it was to find good help. Contractors apparently are notoriously unreliable and even when we had one sign a contract to do the ...
I would like to have in-house management eventually but I can’t make the number work.It’s always cheaper for me to hire a property management company unless I’m making $10+ million in revenue or something like that.Ho...
I'm just now hoping to make my first investment. But, I'd like to get an LLC setup. I can't remember where I read or heard this but someone recommended setting up an LLC where your rental properties are located. Can s...
Hello! Does anybody have a good recommendation for a reasonable cleaning company to hire for tenant turn over? We have a duplex that we occupy half of and are moving to the other side in 2 months to renovate (we've a...
Hi Bigger Pockets,
I recently purchased my first income property, a 1500sqft 3 Bed 2 Bath in Atlanta GA. The property has strong appreciation potential and is located in area that highly active with other investors. ...
I'm going to be meeting with several local banks and was wondering if anyone had some good questions to ask.I am seeking an unsecured line of credit and a HELOC on a rental property.Any additional pointers would be go...
I'm rehabbing a rental that was tiny and extremely outdated - old plumbing kitchen was an add-on; sloped floors...The prior owners left a white fridge and black stove... we opted to keep the mismatch appliances and ju...