Hello Everyone! First time using Hard Money lending. I need your advice to see if the terms are fair from this local hard money lender. The want to set me up with a $500,000 LOCPersonal guarantee -Interest: 9.99%-90 d...
Hi BP Community!We are getting set to close our biggest CRE investment here in about two weeks and since it is a hybrid of creative financing and an SBA 504 loan, we wanted to share some lessons learned since we have ...
Hypothetical Question.You have a renter and they are late with a payment. You charge them a late fee, but the next month, rent shows up on time but no added late fee. What do you do?Is it worth evicting someone over...
I am currently renting my 1 bd 1 ba apartment in downtown Chicago. I have a very noisy (mentally sick) neighbor living in the unit downstairs. He's a miserable lad who used to be a wife beater and we called cops on hi...
Hi BP,
I just completed rehab on a duplex which is my first investment property. I successfully placed 1 tenant in a unit. I have a 2nd tenant that signed a lease and moved in on 11/1. After 1 week he asked that h...
HiI already own an investment property and I had enough down payment saved up for it so getting a loan was not a problem. I'm looking to buy another property out of state in Cleveland, OH area. I want to start small w...
Hey guys, I hope someone who may have been around the block may be able to steer me in the right direction. This is my first time working with a sub-par contractor.I had a roof replaced recently (shingles and boards)...
hello everyone,New to bigger pockets and new to the REI market. I've been reading countless websites, columns, forums/ etc. and couldn't be more excited. Quick background to my situation is my wife and I own a home (w...
Hi everyone,
I'm under contract for an 8 unit right now and the leases say "LANDLORD PAYS FOR GAS AND WATER".
This isn't something I really like b/c I can totally see tenants abusing this so I wanted to know how do...
Hello everyone , I am in the process of buying my first rental property. Today I am going to see three properties in Bound Brook New Jersey. Bound Brook New Jersey is in Somerset County. What is you advice on buying p...