Kush Khandelwal
Builder (LGI Homes) will not refund $5000 security deposit
I was in contract to buy a SFR property in Charlotte, North Carolina and had paid a $5K earnest money deposit. This was back in February 2021. Now sometime in June, I heard from their agent that the SFR was nearing co...
Javier Rosales
I’m getting cold feet, and getting scared
Hey BP. I’ve had this triplex in escrow for about 4 weeks now. Walk through was good. Inspection report was good, and I was present for it. No major stuff of the property. Everything seems to be running smooth. Only t...
Russell Gronsky
Basing CAP rate off projected income
Hey all,
So I was looking at a 10-unit multi-family property the other day online and it was advertising an 8 CAP. But when I ran the numbers, the CAP rate I got was closer to 6. When I asked the broker where the 8 CA...
Account Closed
Say what? Bigger Pockets is making it harder to get started?!?
Hello all,I wanted to pose the question to you all. Is Bigger Pockets actually making it harder for new investors to get started in real estate?To be honest, lately, I've been having this thought. Please allow me to...
Daniel Cruz
Am I successful or am I an example of “what not to do”?
Am I successful or am I an example of “what not to do”? This was my original introduction post.https://www.biggerpockets.com/forums/55/topics/94312-busy-noobie-would-like-to-invest---no-really-i-am-busyI actually ende...
Ryan Cleary
Have a tenant that is $150 short (Florida)
I have a tenant that I am self-managing. Her rent is $1,350, she has been there for 1.5 years, always on time. We have a good relationship. She was 2 weeks late this month, she was transparent as to what was going on...
James Hsia
Tenant wish to create Promissory note on Late Unpaid Rent
Tenant has extenuating circumstance and unable to pay rent for next 2 months (I already served him with 3 day pay or quit). He suggested a promissory note which forfeits his security deposit as a short term bridge pa...
Todd Gustafson
I'M LOST!!!
Hi everyone,
Here is my situation:
I studied real estate investing some a few years back so familiar with the terms. I didn't pursue it because of divorce and an unexpected career change. After living with family th...
Matt Carozza
Options for a distressed property in a great location?
I'm just getting started in REI and have been loving meeting so many people and diving into all of the resources available on BiggerPockets. I have been looking for a house hack in my local market, but I also have a p...
Steve T.
50% rule on SFH
Hi all,
Looking into purchasing an investment property. In my home market, I can get into a little 2 BR SFH for about 60-70k that should rent for $650-700 or so per month.
Here's what I don't get. Using the 50% ...