Moncy Samuel
HOA dues legal letter
I bought a single family residence back in 2015 through Auction (courthouse auction) and rented the property to a tenant. Last week, I received a Legal letter (from a lawyer) that I owe $2500 dues in HOA and requestin...
Nicholas Q.
$250K - Invest as Cash or Pay Down Mortgage and Take Out HELOC?
We recently sold a rental property in Seattle and have netted about $250K that we plan to reinvest in a market with better returns. However, we are struggling with whether to reinvest this money as cash or to pay dow...
Jason C.
Combining REI and FIRE
Has anyone combined FIRE (Financial Independence Early Retirement) and REI into their investments? If so, what strategies do they use to save to invest? How do you allocate towards two different investment vehicles?Ba...
Narayanan Bakthisaran
Challenging an Appraisal
I am in the the last stage of Refinancing a BRRR purchase. The appraisal came out to be less than I wanted ($110,000 compared to $130,000 I was expecting). Few of the appraiser's comps were different from mine. Has an...
Scott Nelson
Include Management Fee in CAP rate?
I am looking at a 10-unit building in a less than ideal neighborhood. The actual expenses do not include a property management fee. Should I adjust the CAP to reflect that In my due dIlIgence or is it normal for these...
Eric Soloway
First World Problem Advice
So here goes my first ever Bigger Pockets post! I'm a natural rambler so I'm sure @Brandon Turner and I could be friends :)My wife and I recently found Bigger Pockets and are getting caught up on webinars and podcast...
David Fligor
Win-Win in Silicon Valley Single Family Home Opportunity?
Hi there,I'd be interested in the collective wisdom of the Bigger Pockets community on anything that might stand in the way of solving a problem for house rich/cash poor homeowners while giving investors a leveraged r...
Matt Phillips
Long term tenant in Triplex
I want to purchase a Triplex in North Carolina and 2 of the units have been renovated but one has not. The renovated units are renting for $650 each and have a one year lease. The other unit is renting for $325 on ...
Mike Mombo
Recent Ocwen experiences
Putting an offer on a house with Ocwen as the bank. Place has been winterized since 2013 and vacant since 2012. Not in the foreclosure circuit yet as far as we can tell. Anyway I've heard some horror stories before wi...
Joel Cannonball
S-Corp Election Form 2553 for new LLC
I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it...