Steve Buchanan
How aggressive would you get with rent increases?
I recently purchased a 10 unit apartment building in Long Beach, CA and my strategy is to do a value add. The exterior of the building has a decent amount of cosmetic deferred maintenance (needs landscaping, exterior ...
Robert Taylor
What do you expect out of a property managent co. and how much are you paying?
Due to all of the interest that people from all over have had in the Milwaukee market (where I live and work) and because I've been a WI licensed broker since 2004, I'm now looking in to focusing my business toward...
Samantha P.
My tenant is in a coma. What do i do?
I had texted my tenant a week or so ago asking when she was going to be able to pay her April and May rent since shed told me that she would be paying it weeks ago. I got a text from her son on her phone today saying ...
Clint S.
Success With First SFH Rental! But Please Don't Fish In My Hole!
Last summer I decided to take the plunge and buy my first single family home ("SFH") to rent, so my money could start working for me instead of me always working for my money. I had discovered Bigger Pockets ("BP") e...
Minh Nguyen
Mortgage Broker Red Flags
I spoke to my very first mortgage broker today (referred by a friend) and as soon as we got on the phone I was immediately bombarded with questions about my situation while any question I had about our relationship wa...
Account Closed
The Official Trading Thread
I thought I'd start a thread on trading. If it garners enough interest maybe we can get an off topic trading forum going. I've learned there are not many trading sites out there nearly as fun as biggerpockets.
I bec...
Lauren Heart
First time Bed Bugs!!! Tenant wants to sue! Advice anyone?
Hi BP Community!One of my SF in the Dayton, OH is reporting bed bugs. They moved in December 1, 2016 and just reported it to my PM this week. I know it wasn't infested 6 months ago, and I have always made repairs in...
Michinori Kaneko
HELOC vs Home Equity Loan
Hi everyone,I purchased my primary resident in Queens, NY about 5 years ago. Thanks to crazy NY Real estate market, I have significant amount of equity on my PR which i'm considering tapping into to invest in other r...
Grant Francke
Long Term/Unhappy Tenants
Hello BP!We have owned a duplex for about 7 months, it had long term tenants (9 years), they are both in their 70's. From the first time we met them during the initial walkthrough, they were not happy, with just abou...
Bryan P.
50% rule and Refi
Obviously a wise person would put away 6 months to 1 year of operating expenses for any property. Assuming that one did this, when following the 50% rule, is the property then labeled "self-sufficient?"
If this is t...