Joseph Crane
First Property Bought, Many Lessons Learned
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Canandaigua.
Purchase price: $107,000
Cash invested: $114,000
The duplex was built in 1902 and is a duplex up and down.
...
Adam Laczo
How do I collect from now-gone tenant's back rent payments?
Tenant was giving me the run-around for September's rent. I was a nice guy land-lord and agreed to collect September (+ late fee) plus October's rent at the same time October's rent was due. Bad idea. October came and...
Emily Carling
Bird Dog 101
Hi Everyone,1. Does anyone know of a formal, legal document to use when negotiating a finder's fee?2. How does one go about standing their ground for a finder's fee?3. How does that get taxed?Thanks!
Jennifer Szostkiewicz
HELOC or max out cash refi?
Hello all, I am looking for pro/con advantage/disadvantage to using 1) HELOC or 2) max out the cash refi on our primary home to use towards new rental ventures. By using a HELOC we use what we need as we need it and t...
Raul Tirado
Best way to find and vet tenants
Getting to rent our first apartment in NYC. I'm new to BiggerPockets and would appreciate if you could share your experience with finding and vetting new tenants.Thanks!
Patrick Dundon
Utilites
Hi All,Just bought my first two family home. Since there is one heater and one meter, the heat and electric will all be in my name as the land lord. I understand I will need to price in the costs and I can call the ap...
John D.
Sheriffs sales/auctions in Lehigh County (Allentown) PA
There are a few properties we are interested in that will be going up for auction. I know that buyers must have 10% to put down immediately as the winning bidder and according to the County website, the balance must ...
Grant Mone
Starting out. Brand new. 2 IMPORTANT questions.
Hello biggerpockets. My name is Grant Mone. I started to educate myself about real estate....WAY too much information. Im sticking to 1 thing in particular because I just want to GET wholesaling.I want to know EXACTLY...
Andre Fierro
Starting off . Best route to take for a newbie.
Hello everyone. I am new here. I have been following BP for a little while now. I haven't actually pulled the trigger on anything just yet because I am at a sort of a brainstorming phase trying to align myself with th...
Frankie Lesowske
Increase in utilities on 4 plex
When doing rental property calculators and writing a budget for monthly expenses there is the 50% rule that says expenses should be half of the monthly income, but is that true in all cases? Utilities can vary widely ...