Tim Rainey
28 Unit deal with 8 delinquents, Covid Eviction moratorium?
I am evaluating a complex in a tertiary market with 8 residents who are delinquent in rent ranging from 55 days to 104 days. Current owner said he took it over in September from his partner and blamed poor renter vett...
Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Dennis Hertzler
Self-Directed IRA question
Ok, I have read a lot of posts on this subject and I am still unclear on what you can and can't do. But, it appears that I may not be able to do what I was hoping to do...Here is the scenario: I have recently "retired...
Richard Warren
Does Your Word Mean Anything?
I was raised to believe that the most valuable asset in business, and in life, is integrity. Your word is supposed to mean something and personal ethics are paramount.
This week my article on the BiggerPockets Blog w...
Aric Adams
Tenant wants to add insulation
In Atlanta GA...Tenant complained that the heating units in the property were not working properly. I sent a tech out to check on the heating units work fine. The tenant claims that the tech mentions that the propert...
Eric Hathway
Urgent- Rental unit flooded. Where does tenant go?
One of my rentals flooded today. It appears to be a backup in the city pipes in the street and the workers are working on it. No blockage was found in my sewer lines. My tenant has sewer water in her entire unit and c...
Marshall Zakarian
What Type Of Loans Should I Inquire About For A 7 Unit Apartment?
I'm Interested in purchasing my first multifamily. It consists of seven units and has a cash flow of about $5500 before all costs.What type of loans should I inquire about? Do most investors just apply at there local ...
Isaac Passmore
House Hacking and Paying Extra
Is there any penalty for paying down a mortgage early? I'm trying to get started in DC and the down payments needed for a conventional loan is 20% however, for a standard duplex that's in the 140k-300k range. I'm not ...
Kyle Krason
My entire 4-plex just went delinquent at the SAME TIME
Hi everyone.So, I've had my 4-plex for about 8 months now and had no issues with collecting rent for the first 6 months.. Then.. One tenant started to pay a little bit late because of some issues she was going throug...
Robyn R.
Help! Crazy tenant, need Austin lawyer recommendation if possible.
We have had a tenant in a SF rental for the past 5 months. We realized about a month after he moved in that he was going to be a problem to deal with so we immediately hired a prop manager so that we could be taken ou...