Dane Peterson
1/2 Duplex Deal - First Rental Purchase
Today I met with a motivated seller who is about to move out of state for work purposes. Owns his 1/2 duplex with no mortgage. Asking is $80,000 and would be considered retail Asking price being that it's a 1/2 dupl...
Jay R.
I could be making $700/ month by subletting my NYC apartment - is this legal/ethical?
Too expensive to buy into this damn city so I want to try making money as a tenant! I'm the only name on the least for a loft in a prime NYC neighborhood. Have lived here for a few years and have a good deal worked ou...
Waleep Alvi
Do I need to fix furnace for tenant not paying rent since April?
As title says, my tenant has not been paying rent since April and is in eviction. My furnace is out and needs to be replaced. How long can I wait until I replace the furnace?
Austin Eberle
Prorated capital gains tax exemption?
I was wondering if anyone knows if the 250k or 500k for married couple capital gains tax exemption can be prorated? I’ve lived in my house for 6 months but it’s gone up in value $100,000 and capital gains would make o...
Steve Gunasingh
Financing Question
Hello BP,
I have been working on finding a property to invest in. I have about $30k for a down payment however I am not able to qualify for a conventional loan because my debt to income ratio is too high when the mor...
NIcholas Hamel
Are HELOCs only for primary residences???
Hey everyone I was looking to get a HELOC on an investment property i have. My lender said HELOCs are strictly for primary residences and not for investment properties. Is this standard for all lenders or have any o...
Matt Ferch
HELOC - where to get? Terms?
Hello, I own two rental properties outright, bought with cash. I’d like to get a HELOC? Who should I approach? What are the terms & parameters likely to look like?Thanks!
Terry Lao
older tenant with possible dementia
Hello BPMy older tenant, lives by himself, has possible early stages of dementia. I got a telephone call from him yesterday saying that squatters has taken over his apartment. He called the police and once police leav...
Account Closed
Selling 4-plex in CO this Spring, get existing tenants on leases?
I am helping some family members prepare to sell a 4-plex in Denver, Colorado this Spring/Summer. They currently have 3 out of the 4 units rented to long term renters but they don't have lease agreements. They've be...
John Matthew Johnston
Non Vacation Airbnb?
I have 3 successful SFRs in nice B neighborhoods, recently I have been networking with local REIs and came across a couple investors that have multiple Airbnb’s in my area. We do not live in a vacation destination and...