Josh Thomas
Fire Time Landlord: Would You Rent to These Tenants?
Hello All,I just received applications for our first tenants ever. They have passed all of our screens (criminal, credit, etc) and in general, I feel good about it. But there are some quirks:• It is 4 people total. A ...
Lucas Mills
How did the 2007 housing bubble affect investors of buy and hold?
First, I'm confused as to what exactly caused the housing bubble of 2007. It sounds like people were unable to pay their mortgages, thus resulting in foreclosure, but why were they suddenly unable to pay in the first ...
Joshua Berube
building a fourplex as my first deal. trial by fire.
Well, as the title says I am going to try an build a fourplex. And its my first deal. This will be my diary. Come hell or high water, you will have a front row seat.Before we get into the deal, understand that I am go...
Bassma Mancilla
Struggling to decide what to fix on first investment property
Hi all, Context: Out of state investor (living in california, there's no way I can afford to invest here)Made an offer, got it accepted. Second time this has happened and again, paid for an inspection only to find big...
Jalen Chanthaboury
Dropped Out of College
Greetings BP,So I’m 19 years old, from the Chicagoland area and I’ve decided to drop out of community college couple of weeks ago. I realized that a traditional education wasn’t for me and it would hold me back from a...
Ray Reed
inherited 85 year old tenant but rent is way below market
Hello BP,I recently closed on a 5 unit property where all of the units are way below market. With the current rents I am operating at a $200 monthly deficit. All of the residents are on month to month leases and this...
Brandon Turner
Have you used any of these creative financing methods? Wanna be in a book?
Hey folks, I'm looking to tell their story for an upcoming brand new book for BiggerPockets. I would like to find people in the BP community who have used any of the following methods to buy RENTAL properties: Home Eq...
Rich Weese
Why do we invest?
In most instances, I would assume it is for two reasons. To generate passive income which will help eliminate the need to work and to help with our retirement.
Normally about this time of year, various magazines come...
Nick Louie
Buyer Agent's Commission Fees
Hi BP Community,
I was wondering whether it's customary (in your respective communities) for a first-time home buyer to work with a buyer's agent and agree to exclusivity for 3 months and to pay the agent 2%. In this...
Joseph Skoler
Transfer real property from s-corp
I have a piece of real estate owned by an s-corp (of which I am the sole shareholder).It has appreciated substantially in the decades that I've owned it.I would like to transfer it to an LLC (of which I would be the s...