Rob Stein
Lease Option, Taking Over Property With Existing Tenant
Thank you for reading! Received a call from a direct mail letter, for a couple who lives in TN, owns a house in NJ that has been occupied by the same tenant for years. Everything is in good condition, they just don't ...
Ashley LaVigne
Rents in a Rural Market
My partner and I just bought our first multifamily in Grand Rapids, MI. We plan to buy more in the future and build our real estate business there. That said, I have a house that I bought and remodeled a few years bac...
Daniel Vieyra
S-Corp - Salary/Dividend
I have set up an S-Corp and working on my first flip. I plan to keep any profits in the business for the first couple of years until I have some flips under my belt and/or making a good amount of money. So I will not ...
Devin Duval
Strategy: AirBnB with Duplex
Hello BiggerPockets Family!I am looking into buying a duplex in the Columbia, SC area. It is a 3bd/2b on both sides with a single car garage on either side. The purchase price is $240,000 and I have had an appraisal d...
Sam Fong
Tenant screening and Church is paying for his rent
Hi BP,
I am currently in the process of accepting applications to rent out one of my units. One of the applicants who applied is a very polite young man who is married with 2 young kids. He works at a local c...
Mark Brown
Deal or no deal
OK - need the forum's advice on evaluating this current deal. 38 total pads, 31 of which are rented, 17 of which are park owned homes (so the mix is 14 pad only rentals and 17 park owned homes). The location is real...
Nat C.
One method to avoid scamming tenants
I have a fourplex in Vegas. Each unit has 2 bedrooms, 1 bathroom. I charge a bit below market rent at $520 a month to avoid having vacancies.
There has been several applicants who couldn't only afford to pay ...
Josh Lee
What to look for in HELOC terms
Hi All,I'm planning on getting a HELOC against my primary residence to help finance the purchase and rehab of investment properties. My first draw will be for a flip, the second will be for a buy and hold rental prop...
Sam Giberti
A Combined BRRRR, FHA 3.5% Down Payment on a Quadruplex
I think a lot, especially when reading, listening to youtube/podcasts, or even just laying in my bed before I go to sleep.For anyone that wants to, please step in and tell me where the flaws are in this plan. I'm not ...
Jared W Smith
Getting a HELOC for REI Entry
As part of my investment plan, I formulated the following: Use a portion of equity in my current single family home for down payment to purchase an investment property. Home was purchased as an estate sale in original...