Prateek Bansal
HoA violation fines
Hi, I was charged $2000 HoA violation fines and now a debt collector has started sending me notices.I was never notified of these violations (removing pallet board from backyard and repainting the home) in time as the...
Charlie MacPherson
Minimum Commissions and Buyer's Broker Agreements
I'd like to tap the collective wisdom of the forum.I've made two business decisions that don't sit well with two friends who want to refer business to me. They won't refer unless I change these two practices. Here t...
Brandon Hix
Creative ways to come up with a large down payment
Just came across a great 8 unit multifamily property pretty close to a smaller college. Id love to move forward on the property. It would be a great way for me to be a "Live-in" landlord and for college kids, I could ...
Account Closed
What is the Deal with HUD
During my research in preparation for bidding on a HUD home, I read several articles and forum posts from bidders expressing suspicion about the process. They described odd occurrences such as being told they were th...
Reagan Huefner
Owner Build House Hack?
Hello everyone,
I'm exploring an opportunity to convert a duplex into a quadplex and would greatly appreciate your insights or experiences in similar ventures.
Background:
Purchased a duplex in Roosevelt, UT for $2...
Felix Stone
Can we use an alias or psuedo name to communicate with tenants?
Hi - We are 3 partners who are buying rentals in LLCs and we also started a property management company(PMC) to self manage these properties. The PMC communicates with tenants, collect rents so on so forth. For privac...
Joe Beutler
Should DSCR for STR include LTR rental comps?
Hello Bigger Pockets!
tl;dr — Do DSCR loans always include LTR rental comps for underwriting even when the target property is an STR in a predominantly STR market?
Context:I’m in the late stages of buying my first r...
Mark Ferguson
Closing on rental property number 7 today.
I am buying my 7th long term rental today!
It is a short sale in Greeley, Colorado
Price $113,000 with seller paying $2,000 in closing costs.
built in 2005, 5 beds, 2 baths, walkout basement, deck, AC, 2 car attache...
Elenis Camargo
Would you do a new lease in this situation?
Hey BP! My husband and I are closing on our 3rd rental with inherited tenants, but this scenario is a bit different. We live in NYC now but want to move to Jacksonville where our rentals are. This property we are clos...
Yusef Laboo
Va loan
if you have a VA loan you're sitting on a gold mine and you didn't even know it