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We have a property that we are using a management company for the rental. They are telling me that I cannot go into the property since they are managing it. They said if we want an inspection they have to do it. It h...
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I'm doing a small flip on a house 2 hours away in Utah. A fellow BP member gave me a referral of another flipper in the area. I called him about contractor suggestions and he mentioned that his son does painting and o...
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After months of creeping on Biggerpockets.com and listening to countless podcasts during my morning runs (Great idea for those that run), I've negotiated a deal and now have my first property under contract. 3 Bedroom...
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I'm new-ish to REI, with one single family home purchased last spring so far. That has gone very well, and we are looking at stepping up the game to a Multi Family. The one I have my eye on is 6 units (two triplexes n...
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Hello team,I acquired an 8 plex about a month ago. The in place tenants were month to month. We drafted a new lease with a rent increase and instructed the tenants to return the signed leases by Jan 1st. I have one...
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Is it really that bad to use an unlicensed/uninsured handyman for work on my rental property if I have good insurance?
My property manager is giving me grief because I am trying to hire cheaper guys for thing...
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I’ve been researching alternative financing options for my second property. I have seen that New American Funding, Newfi, and Griffin Funding have a 40 year mortgage with the first 10 years being interest only while t...
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Hi guys,
I have a house in Florida. Bought it in 2019 for 180K, now its worth 350k (My realtor says 400K but I am trying to be conservative).
It rents for 1.4K...Way under value.
I have 2 options:
Option 1: incre...
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Had the same tenant two years now at $1,350 a month. Current market rent is $1,750, so I'm leaving about 5K profit on the table each year...They are for the most part taking care of the place, a few stains on the carp...
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So I think I overpaid for a rental, which was a mistake. The bigger mistake was that the price triggered a much higher tax bill that is killing me. But let's focus on what I can change. I'd like to increase rent and ...