Michael Encoy
Refinancing options on forever-home turned rental.
Hello BP. Somewhat of a newbie here and would definitely appreciate any insight.
My wife and I purchased a home in 2015 as our forever-home for $520K, current guestimated (zillow) at around $625K, with a balance of ...
Victor Bradford
Rent out my property or sell it?
Hey guy! This is my first post so bare with me as I am new to this. So I have a property in Delray Beach Florida that my wife and I currently live at. We live exactly one mile from the beach, trader Joe's and a bunch ...
Ronnie Goode
Investment Property BEFORE Primary Residence?
What's up RE peeps?I'm in the Richmond, VA area and I'm extremely new to RE investing but have been hit by the "bug" like a lot of people. I've been absorbing a ton of information on RE to help with foundational knowl...
Rhonda C.
Buying Notes and becoming the bank
I am new to Bigger Pockets and just went to my first REA meeting where the speaker talked about buying non-performing notes and "becoming" the bank ie refinancing with the occupant. The details in how to actually do ...
Nathan Emmert
Potential Property - How would you approach it?
So I spoke with a friendly couple this morning about a property they have for sale. They are in their 70s and have 12 other properties and are looking to down size some. Sounds like they actually built this property...
Hanbin Y.
Refi and get negative cashflow or 1031?
Hello,I've been struggling to decide whether I need to sell my property and 1031 to a larger portfolio, or refi it. Please help me!The property is a B-class SFH in Lawrenceville, GA, 30044. Purchased with cash for 13...
Adam Yunker
What should I look for in a Rental Property?
Hey everyone!So I'm going to be meeting with a real estate agent to help me find some deals.. Since I need to give her some criteria for what I am looking for here is my list:$70,000 Rental PropertyClean/Really good c...
Genaro Quiles
tenant left apartment vacant without notice/ late payments
I had a tenant that the lease was signed March 1st 2018 to 2019. last time he paid rent was in August. Come September been calling him in first week. Then he calls that plans to leave because relocation of his job....
Martin Warren
Newbie in Alabama!
I am an insurance agent in Alabama and have recently been introduced to REI by a client. I insure about 60 single family dwellings for a guy in town and have been picking his brain each time I've met with him over th...
Kurt Zarwell
Cost basis of owner-occupied duplex with improvements
Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...