David Worker
Corona virus and rents
Hi I live in Illinois and the governor has shut down public schools, bars and restaurants state wide for the next two weeks. There’s uncertainty if that shut down will be extended if the virus spreads. I have tenants ...
Bill F.
Why is the mortgage still due during COVID-19?
The mortgage is still due. Why?
1 - Investors should have saved 'reserves' in place - so if they are already worried about rent payments coming in April, just a few weeks into this, they have decided not run their v...
Stanley Dean
Heloc Versus Conventional loan refi with cashout on Vacation home
Hello all- Would like a feedback response from the BP community I am contemplating between getting Heloc Versus Conventional loan for a Refi with cashout on Vacation home/ 2nd home. This home was bought for cash and...
Account Closed
how to negotiate
i officially said that this whole negotiating thing wouldnt get to me and i'd be able to do it easily. but it seems like its getting to me cuz i dont know what to say.
i still have no idea what i am goin...
Mylene Bel
Transfer property to a LLC (2 foreign owners) to avoid FIRPTA?
Hi BiggerPockets,My husband and I are foreign owners of a condo in Florida that we want to sell to buy other investment properties. We didn't form a LLC at the time of buying. Now we're told that we should have in ord...
David Rutledge
Existing rental properties count as debt or income for new loan?
Hi everyone,So I am starting to get the ball rolling on my next investment and I am trying to gain some information as to what I can expect to be able to borrow with my current situation. I am toying with a few ideas....
JT Spangler
Frozen pipes because tenant left door open -- who's responsible?
Situation is this: tenant informs me that the door to the walkout basement (currently unfinished/storage) is open, but that nothing seems to be missing/damaged. Hypothesis: the wind blew it open. I tell him to just cl...
Danny N.
I Know Leverage Is Great, But Are Paid Off Rentals Bad?
Obviously borrowing money increases you % returns cash on cash, but I have a couple rentals that are completely paid off and reading the forum is making me feel like I'm doing it wrong and should be refinancing and BR...
Account Closed
Un-cooperative Tenants
So I have this house that I am trying to wholesale. ARV is $150,000 and I am selling for $105,000. It is being rented for $1300 a month and needs little repairs (paint, flooring) about $7,000 -$10,000 in repairs, if t...
Jonathan Sowinski
Terminating Month to Month Lease...any tips?
I am terminating one of our tenants lease at the end of September and just wanted to see if there were any suggestions/tips members might have…both to make sure the process is correctly followed and also to keep any h...