Christian Flanders
Tax implications for cash-out refi of an investment property
Hello!I am planning to do a cash out-refinance from my investment property to fund the down payment on a primary residence. Will the interest I pay on the refi be tax deductible since it is being used to purchase a pr...
Rebecca Mickler
Prospective Tenant Want Me To Hold Property 1 Month Before Move-In
Hello all,I'm relatively new to REI and getting ready to re-lease my first rental property after a 3 year tenant. My management company sent me an email stating they had a "very qualified applicant" for my property. T...
Brittany Witt
When does the seller get their earnest money deposit?
1) I just sent in my first Purchase and Sale contract to the title company but have not paid the earnest money deposit yet. When do I pay the earnest money? 2) When can the seller get their earnest money deposit? a) C...
Hyun Don Yun
0% Downpay APR 4.2% vs 20% downpay APR 3.8
I have those two options for my first home. I want to start real estate investment ASAP, at the same time, don’t want to give too much money to the bank. If you were me, what would you do?
Kurt Robert
2nd counter offer the owner now wants an As-is purchase. Help!
I am in the process of buying my third rental property, but during the negotiations we ran into a snag. The seller, on the second counter offer, now wants to sell as-is as he doesn't want to fix anything. They have ...
John Chan
General contractor not performing
Hi BP community,
I am an out of state investor doing a BRRRR in Cleveland OH. I've purchased a property back in July and hired a contractor to rehab the unit. I've paid the contractor $12,900 for 50% down payment of ...
Chad Clinton
Looking to restart my real estate investing career, after hitting some pitfalls!
Good Day Biggerpocket Family, I'm relatively new and was looking to start 2015 out with a bang. I've been out of real estate actively for about 5 years, but very eager to get back. My last endeavor as an investor ende...
Gigi Smith
Tenant wants security deposit back after 2 months
Hi everyone,
A few months ago I finally got a problem tenant out (lease expired) and I sent a list of itemized deductions from her security deposit and a check to the address she texted me. It got really nasty after ...
Miles Stanley
BRRRR Refi Question
So, if I understand correctly, if you BRRRR a house and do not use cash, aren't you only really getting the money you put up for the rehab back out of the Refi? (since you used a loan to purchase the property)?Same q...
Jered Sturm
10,000 hours of investing thought me 5 simple keys to success
I was told the other day that after doing something for 10,000 hours you are an expert in that field. That had me doing the math. How many hours have I put into my real estate investing career? If a normal person work...