Levi Koskan
Tenant destroys property | Whats the PM's liability?
I'll need to do quite a bit of work to get this property back and healthy. Things like carpets, blinds, doors, lights, fumigation, paint, cleaning and some landscaping. The brunt of my frustration is at the tenants wh...
Christopher Za
Cash flow as percentage of expenses
Pretty simple question, that my searches haven't turned up.I understand cash flow, expenses, and the 50% rule. I also understand that people tend to look for a certain number for Cash on Cash return (e.g. 6-10%). What...
Brennen Cook
Sacramento House Flip Renovation Cost
Hello everyone!
New here to Bigger Pockets so let me first start off by saying this community is great. I've been aware of Bigger Pockets for the past few months of have recently started doing some serious sn...
Sherman Dunn
Dealbreaker Flood Insurance ?
At what point does flood insurance become a dealbreaker for you? -$25 cash flow a door? $50? Looking at a deal where the insurance on the building and flood insurance are identical, doubling that cost of insurance per...
Josiah Cooper
Feedback on HELOC needed for wife's blessing!
Happy 4th of July!
I'll get right to it: my wife and I want to buy a foreclosure SFH towards the end of the year but only have money saved up for renovations
, not enough for the down payment. We're looking to buy i...
Account Closed
Experiences with large, high-end STRs
Hello BiggerPockets,Just finished a substantial remodel on a SFR we bought on the Nevada side of Lake Tahoe two years ago. Estate sale with 1990-ish interior. I acted as my own general contractor (with a few subs), ...
Karen A.
Purchase Contract w/ 2-year lease before closing
You have a mess, you should never have leased the property with a tenant being responsible for maintenance and repairs.
It could be assumed the home warranty would be provided at closing, not at the time of a...
Samuel Biondolillo
Analyzing a Duplex - First Attempt
I am just starting to look at my first properties with my girlfriend and we stumbled upon a listing down the street for a duplex being sold as an approved short sale. We are determined to buy a small multi-family prop...
Colin Reid
Military Tenant Wants to Break Lease
I have an issue, and I'm looking for opinions on how to deal with it.I have a property in Texas that is being managed through a PM. That PM emailed me at the end of last week to inform me the tenant is going to be mov...
Marc Flynn
Complaining Tenants - Options to use against security deposit
I have a tenant that complains about a lot. I have been very nice about fixing everything that concerns her. I just acquired the property in December, fixed it, and leased it in June
There have been a lot of items th...