Owen Dashner
Poof - 2 years of cashflow on 3 houses gone in one day!
Attention skeptical wannabe landlords who think there is NO WAY rental property expenses run 40-50% of income, or that rent minus PITI = cashflow. This post is for you:I always dread the first few hot days of summer....
Paula Smith
Lease purchase deal gone terribly wrong...
In 2005, I went into an agreement to sell a property I owned that had a mortgage on it. The agreement was basically written out on a standard residential sales agreement with the terms of the owner financing (me) ...
Daniel Reyes
Outsourced Property Accounting
Hello BiggerPockets Family,Whether you are a smaller (or larger) property management company, a self-managing multifamily developer, or a sponsor/syndicator - Property Accounting can oftentimes become a significant co...
Christian Sifuentes
Investing in Frederick MD
Any suggestions on locations for flips in Frederick?
Thanks
Mo S.
LLC now or after first flip?
I'm currently looking for my first flip and have received conflicting advice from some of the local investors I've spoken to. Some say it is better to get your feet wet and go through the first flip from start to fini...
Marvin McTaw
Should I Buy Subject To, Lease Purchase Or Land Contract?
I have a motivated seller that is willing to sell on terms. Here are the quick numbers: ARV = $600,000 to $625,000Repairs = $25,000Purchase Price: $500,000Mortgage Balance: $500,000PITI: $2,750/moAnnual HOA Fees: $2,3...
Kevin Huang
Tenants Threatening 'Repair and Deduct' for a Finicky Stove
I have some tenants who are complaining to me about a 'broken' stove where 1 out of the 4 range tops wouldn't ignite. I had someone come out and take a look at it today, and before leaving he called me down and I was...
Margaret Feit
Properties Titled Personally but Reported on Partnership 1065
My husband and I have an LLC with a 50% split in ownership, taxed as a partnership. We own several rental properties, which we run through this LLC. We have separate business bank accounts and credit cards and run all...
Michelle Felux
Service Call Reimbursement from Tenant on HVAC Filter Clog
Hello everyone! So we got a call this weekend in the South Texas heat that one of our tenants had the AC go out completely. Of course, we went through as quickly as we could to get in touch with our Home Warranty comp...
Frank Jennings
Restoration/Plumbing may force tenant out for awhile
I have a leak above the kitchen in a rental that's coming from the bathroom somewhere. It is leaking through the light fixture in the kitchen and dripping down. There is water damage to the ceiling and bulkhead. Conse...