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So I bought a 3 family in NJ and have gut renovated all apartments and have had great luck thus far but have run into my real first issue. Here is the situationI gutted one of the units (3 bedroom 1 bath) with a new k...
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Reading through this site has opened my eyes to problems I never thought of. I usually stick to local rental properties. While trying to find a new investment for some cash I needed to put to work, a friend recommende...
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I have an ethical question related to making an owner financing offer. Here is the offer I am considering making with theoretical numbers to get everyone's feedback on:The owner would like to sell the property for $1...
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A tenant owes partial rent and late fees from prior month. Rent is due Oct 10th, last night she informed me she is breaking the lease and asked if she could ride out the month of Oct, promising to be out by Nov 1, and...
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Hi BPers,We have a house that was built in 1984 in Texas. The tenant claims that the AC cannot cool down below 78 F. The outside temperature was around 100 F when they claim this. The AC is running all the time. The A...
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Happy Friday BP Nation!I am still very new to the world of real estate investing but I think I’m going to go down the path of buying, holding and renting. Now I talk with my fiance about this and she immediately bring...
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Part 1Hey BP Community,I wanted to take some time and share this project that literally would not have happened without Bigger Pockets. Thank you again @Joshua Dorkin for taking the risk to start this. Many of you ha...
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I'm hoping someone who's done a 1031 exchange before, or a CPA, can swoop in and drop some knowledge on me. I was over at my CPA's getting my taxes done and talking strategy for this year when the idea of a 1031 excha...
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I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
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[punchline at the end] I have a legacy tenant that has been living in the building since purchase (7 years ago) and they recently killed their gas range with only one of 4 burners working. When they notified me it wa...