Michael Lerch
Need a realtors license if you do 5 or more deals?
This has been coming up more and more as I continue my wholesale journey. I heard from my appraiser today that in michigan you need a realtor license if you sell more than 5 homes in a month. I asked where she heard a...
Dana Powell
Are closing costs deductible on a 40-year DSCR mortgage (purchase and refi)
Greetings, when researching online, i came across a nugget that typically deductible closing costs can only be deductible on mortgages that are 30 years or less, but I can no longer find that web page! If there is su...
Freddy T.
Tenants are smoking weed and strong smell is radiating to my second unit.
I just bought a duplex about 2 weeks ago with tenants in one unit already living there. I realized that the tenants are heavy marijuana smokers and have permeated the smell to my other unit. I am having issues showing...
Alec McGinn
Invest or pay down student loans
Hello BP,
I just graduated with almost 85k in student loan debt. This is between my fiancée and I. Our household generates 95k in W2 income. Now that I have money coming in I’m not sure what is the best thing I shoul...
Payton Chung
Raleigh zoning changes to relieve 2/3/4-plex shortage
The city of Raleigh is considering two changes to its UDO (zoning ordinance) which would legalize duplexes almost citywide, and townhouses or small apartments in many more zoning districts -- particularly along the pr...
Steve S.
Anyone have experience with Pier and Beam foundation issues?
I'm looking at a prospect that clearly has a little bit of foundation issues, but the foundation guy that looked at it said, for a rental, i wouldn't do anything to fix it. If I wanted to, he estimated it would be ab...
Andy S.
Service/ESA Animal in New Jersey
I came to realize that for service animals or ESAs the NJ/Federal law does not permit charging any deposit or rent. However putting my landlord hat on, I see this as a nuisance to a landlord. An animal is animal and i...
Steve Hyduchak
Student rentals... The real deal
Hello bp,
I recently graduated undergrad and am currently in law school. I am a pawn to the system and have seen what I pay and my friends pay in college towns. Especially ones that are built around small towns. Big ...
Steve Hodgdon
$14,000 for a deck in SF Bay Area
I just paid $12k for a 12x10 redwood deck. No pergola, no steps or railings. Yes they took down old 14x14 deck and pergola, and hauled away the hot tub (for an extra $1800). No stain. That was an extra $2600. I've bee...
Doug Woodward
Should I buy a property with an IRS lien via seller financing?
Brand new to Bigger Pockets. Through show 19 so far, but first post.I just got a property under a standard 1-4 residential TREC contract in Ft. Worth, TX for $45K. It is schedule for a tax sale on June 5th (next Tuesd...