Jerry D.
Flooring Whats the Verdict. I refuse to put in Carpet!!!
On all the properties I have done tile so far. I do have some larger SF Homes that for resale I am not sure would be best. I am scared of Laminate because of water issues. Anyone used the plank linoluem that looks lik...
Sam Bhattacharya
How do you deal with a tenant constantly asking to make repairs?
Say you have a tenant who wants you to replace carpeting that is worn but still functional. Or he wants you to fix a gutter that is old but still does the job. Or he wants you to paint a kitchen ceiling when all it ...
Silvio L.
First real lead!
Hello BP,
A few days ago I posted that I had sent out my first batch of 50 yellow letters. Well, I've gotten 5 calls! that's 10% response and I'll take that all day long. So today I got my first lead and of course...
Melanie Nash
own 2 houses lost my job
New to this. I own 2 houses outright in Florida. I live in one and rent out the other. I have a property manager who takes 10% a month. I was working full time till last week then unfortunately lost my job. Question,...
Tim Rothermel
Starting a non-profit to forgive note debt
Hi All!I'm new to the note industry and looking to try a new angle on it. (Well maybe not new, but I haven't found it yet). I'm wondering if it's a viable idea to build a charity around the idea of buying distressed...
Connie Davis
Help me PLEASE!!!!!!
ok i know this is not the avenue for this post but i need some advice. hoping someone has some insight for me. so i found a home on the 22nd and paid my deposit and 1st month rent and signed the lease.the lease says t...
Account Closed
How can a seller get out of a hostage listing agreement?
I had a seller call me yesterday wanting me to buy his house. The house is already listed with a realtor and the realtor hasn't shown the house once in the two months it has been listed. The price has already been dro...
Charles Schmidt
Does a DSCR loan affect your personal credit and DTI ratio?
I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't ...
Cory Adams
Strategy for using retirement funds
Not sure if this the right forum but here goes. I have funds in an SD401K vehicle. The challenge is using those funds strategically. For example of somebody had 150K they might use financing to buy a 10 unit apa...
Brian Bern
Detailed Business Plan in REI
I'm still a REI newby. I purchased my home last March and have since made a new years resolution to buy my first rental in 2008. I've read many of the forums on biggerpockets, have already read as many motivational ...