Johnson Best
The deteriorating relationship and late rent from tenant
Hello Bigger Pocket Experts,I am facing unprecedented situation with my tenant I am under California law.1. The relationship between us are at at its bleakest point, they were not happy I didn’t fix things in time (I ...
Douglas B.
Tenant renters insurance: can I file a claim for damages if tenant does damage?
If a tenant does damage to my unit but can't or won't pay for the repairs, can I document the damage and file a claim against his renters insurance?
Thomas Moran
Cracked Brick - Would this be a deal breaker for you?
Hey BP folks -New investor here looking to close on my first deal. I've sifted through a huge pipeline of deals and have narrowed it down to two. The most promising one is a brick ranch 3bed 1.5 bath...1300 sq ft thro...
Wade G.
Curious What Everyone's Cash Flow Is
My average CF on a 3/2/2 SFH in southeast Harris County worth about 160k - 190k, at 75% LTV, is about $300 month. That $300 month is after PITI only, actual CF after repairs, maintenance, PITI, and vacancies is about...
Jeff Ebert
How to beat the low-season STR
HiI am new to the family and 23 was my first year owning beach property (Myrtle Beach). I did expect there to be a slow season Oct-March, but I am hell bent on changing that! Anyone else been able to bring in the sl...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Elizabeth Rose
HELOC - what to say when the lender asks what the money is for?
Hi BP community! I'm in the process of applying for a HELOC on my primary residence, which is a condo. My plan is to use the money to purchase a multifamily property, move into one of the units and rent the other unit...
Account Closed
Am I CRAZY to buy 2br townhouse when I could buy a 3br house?
I am about to buy a 2BR/2.5BA townhouse (has $216/month HOA). It has AMAZING views because the 1st floor is above the garage so this means the 1st floor is technically on the "2nd floor"... and the master bedroom on t...
Joseph Weisenbloom
Is this illegal/unethical?
I am currently closing on a duplex and I plan to live in one side and and rent the other out. The electric and gas are separately metered and are easy to have these expenses paid by the other renter. The water on t...
Nathan Sharp
First Fix and Flip. Eye-sore SFR into beautiful home.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $78,000
Cash invested: $59,000
Sale price: $137,793
After years wanting to invest in real estate, I finally too...