Michael Masters
COVID-19 and Your Lender's Response
Below is what I've seen from Freddie Mac where I got my loan. Please note that "borrowers are eligible for forbearance regardless of whether their property is owner occupied, a second home or an investment property."...
Scott Trench
At What Point Did You Feel Like You Got "Over the Hump?"
It's been about three years since I started out on this real estate and personal finance journey. While I still have plenty of work to do and likely several more years of investing to achieve my financial and real est...
Mariah Jeffery
Buying properties too fast?
I bought my first duplex in March '07. It's in South Dakota and managed by my father in law. The first one worked out well, so I kept looking for deals, but couldn't find anything that met my cashflow criteria. Finall...
Sarah Ali
Is not having/finding tenants a real concern? what do you do if you can't find any?
One of my concerns with buying a rental property is not finding tenants (or worse, finding bad tenants). Is this a real concern? How do you mitigate it?Where do you get the money to pay for the mortgage for those mont...
Karenga Smith
Credit Card Debt reduction options
Hello, thank you for some sound advise. I'm recently divorced and trying to rebuild my personal and financial life. I need to payoff my credit card debt as it holds the key for me to be able to invest in RE. I'm finan...
Shafi Noss
How is the Principal Payment determined on a loan
Hi everyone,
I have a question about how much in excess of the interest is paid in each payment of a fixed rate loan. Suppose you have a 100k loan at 6%. An example from investopedia shows a schedule of
Payment
0...
Brock Lister
Buying a property from Hubzu
Hi everybody, I have a question about a property for sale on Hubzu here is a link to the same house listed on Zillow http://www.zillow.com/homes/46-Harbor-Oaks-Circle-Safety-Harbor-FL-34695_rb/?fromHomePage=true&s...
Marisa Voelkel
LLC for one or LLC for all
Just recently I had a notice from our insurance carrier underwriting that they were canceling or insurance for our rental properties. They apparently have strict rules about what the owner company can be involved wit...
Andrew Nickell
New member from Cincinnati, OH
Hello BP,
My name is Andrew (friends call me Drew) Nickell and I have been following Bigger pockets for a while now and it has solidified my interest and excitement for my future in real estate.
I am almost 21 and j...
Janet S.
$120 vacancy fee charged by property manager - anyone seen this?
I own rental properties in CA, TX and FL, and the property manager in TX (north Houston area) told me that they will now be charging a $120 vacancy fee to cover their work during a vacancy. They say it's customary. ...