Kim Parker
MTR Early termination - what do you do?
Hi BiggerPockets community,We have a house that we are furnishing as an MTR and STR between guests. I had a question from a potential tenant yesterday about our early termination/cancellation policy. On our LTR and pr...
Tom Kairys
I a 50/50 split deal on fix & flip property common for mentor?
Hello BP,I am a newbie in REI and I live in Chicagoland. Just recently signed up with BP. So far it's been great! Trying to study hard and read forums as much as I can. I decided to start my REI career with fix & ...
Ally Garcia
Beginner investing: Pay off student loans or buy property?
I am 28yrs old in LA working in marketing. Right now I have about $20k in a high yield online savings and money market, and not exactly sure which I should focus on more - paying off student loans, saving to buy a...
Account Closed
Buying second Property After First FHA Duplex
Hi Everyone,
I bought a Duplex six months ago using my tax return. I am looking towards buying my second property this year using my tax return.
I am unsure if i should use a hard money lender and do a flip then g...
Mitch Stephen
The Art of owner Financing and Private Money Terms
"Why I Borrow for the Terms I Do How I handle the Balloon Payment"I almost always borrow money from private lenders to buy my houses. I borrow at the following terms;$0 Down payment8% InterestInterest Only5 yr TermNon...
David Boroughes
Rental increase letter
I have a unit where I have let a fairly good tenant stay on month to month for a few years now. I haven't raised the rent because they tend to take care of all the minor issues which saves me time and money, now it's ...
Felipe Ocampo
Renter asked to use her son for the application
I just had a potential renter ask me if she could use her son in the application since she is retired. Is letting her son do the application a mistake? Thanks everyone!
Jeremy G.
Unlimited amount of prospective tenants, is this normal?
I have posted 2 apartments for rent over the past 2 months and i get absolutely bombarded with emails and calls expressing interest and asking to set up showings, I am overwhelmed.I just recently listed a 3 bedroom ap...
Nate R.
Don't be a retail investor!
I'm haunted by Ben L.'s comment "Don't be a retail investor!" in the podcast on rental properties. This is also common advice in real estate investment books. Always buy at a discount, or, as Warren Buffett says, with...
Brett Snodgrass
What Value Have Wholesalers Brought You as an Investor?
We are currently seeking investors' opinions on wholesalers & what Value have they brought you? Have they brought you any value? Do you think that having a wholesaler relationship is a benefit to you as an invest...