Pappy Mason
Buying Real Estate before recession hits
Quick question so everyone is talking about waiting to buy real estate(since its technically in a bubble and the recession is coming); but what I'm realizing is its very hard to get a loan during a recession except fo...
David Goossens
It happened to me...my rental was turned into a grow house
A property of mine in the California Central Valley went vacant at the end of November. For the past 4 years, I had a family renting the SFH. I performed annual inspections, serviced the the HVAC filter and smoke alar...
David Bray
Credit Rent for Delayed Appliance Repair
Looking for feedback on how property mangers respond to tenants request for credits for downtime on appliances.A 5 year old washer went out in one of my properties. I contacted a repair company on Monday and they were...
Stefan D.
Buying a property with a section 8 tenant in place
I'm looking at a four bedroom SFR that has sat for a while, with a price reduction. Seems like it could be a great deal, what's the catch? It has a section 8 tenant paying far below market rates: $702 per month, whe...
Brian Wong
Avengers Assemble...? (FHA 203k Bronx Multifamily Gut Rehab)
INTRO/BACKGROUND:
Hi! My name is Brian and I'm a real estate newbie. Or well, I've been lurking Bigger Pockets as a way to educate myself for a while now and am only starting to dip my toes into the waters of real es...
Douglas Hardman
Holy Water Bill Batman!
My fiancé and I moved out of her house in November, and we rented the house out starting the first week of December. Her normal water bill is about $30 a month. (3 bedroom, one bath, no dishwasher, 2.5 people living t...
Ryan P.
House Hack - FHA 203k - First Property
Hello all,I have been following BP forums, blogs, & podcasts for the past year & am excited to begin my RE journey. I live in Hyde Park (Boston), MA, which is a fairly expensive market. For my first property, ...
Carlos Rovira
Indianapolis Turnkey Gone Wrong
I'm putting this out there for anyone considering purchasing turnkey from Real Estate Done 4 U (i.e. Michael Drew). I just bought 4 properties from him back in November. Two of them had issues. One of them had a tenan...
Account Closed
Ever keep a negative cashflow property?
Are there ever reasons to keep a negative cashflowing property? I have a decision to make.Here is my situation...Purchased: 2005 (We are 10 years into 30 year mortgage)Reason Rented: Moved to new home. This is our or...
Alex Silang
Renovation/furnishing costs of an STR
So I've heard this can run you a lot - around $30,000 for the average sized home of $400,000 in the area I'm looking at. So that means if my downpayment is $80,000, $30,000 is really going to affect things:1) Capital ...