HoJin Lee
Invest in Rural Area in Another State or Where I Live for Renta
Hello BP Community!I am very new to real estate investing (almost zero knowledge) and I would love to hear people's opinion on what has been on my mind. I worked restlessly for 3 years from a not-well-paying job and w...
Emzie Blankenship
Starting an LLC with a Friend to Invest Into Rentals?
Come tax returns I should have around $5-7k, I have a friend who has been saving as well. We've talked on multiple occasions about rental properties. The idea of the LLC would be so we have equal ownership of the LLCs...
Scott Rosslow
Looking at partnering with my dad
I have been looking for a while for some buy and hold small multifamily units. I grew up helping my dad fix and taking care of rental properties. His strategy was different than the approach I want to take. He bought ...
Stan Furman
Tenant despises owner after late payment eviction
Repeated texts to this tenant re: late rent got exceedingly frustrating. Tenant was warned of consequences and he texted "see you in court". He WILL lose.
But, now he's got a job and is paid up. Won't ...
Stewart McMillan
Another Chicago Horror Story - 72 Hour Rule
So I made a huge mistake with my ComEd bill and the power was shut off on my tenants.I tried my best to restore power after the tenants notified me on a Friday morning, but it was an exceptionally busy and important w...
Roger Johnson
New from NJ/NY area!
Hello all! My name is Roger Johnson, I live in Maplewood, NJ which is in Essex County, less than 30 mins from NYC. I'm a 34 yr old architect and I have two 2-family houses (one I live in and one in Newark) and I'm lo...
Jackie Sladky
Would You Rent to Him?
We have an applicant who lived in another place nearby for 8 yrs and is looking because the property that he and his two teenage sons live in will be sold. He seems pleasant and is approaching 60, landlord liked him...
Jennifer Knestrick
Rate lock and loan amount
I realize this will simply come down to bank policies, but I’m curious what’s typical.In the the midst of a 1031 exchange, we qualified for a mortgage on the replacement property at $2.9M, and rate locked in mid July....
Jen Buchanan
Tax Deductions
Hello All,I started (in Oct.) with real estate investing and I haven't done any deals yet and I haven't registered a business entity, I've been getting doing training, have start up business costs, gone to seminars an...
Rosie Small
Do I have to payoff my Heloc if my primary is a rental income property?
I have a Heloc in my primary residence, which I want to convert it to a rental and buy an other primary. Would the bank ask me to payoff the Heloc, since they will receive a new insurance and I will loss my homestead ...