Jason Kim
Heating furnace undisclosed information in home purchase
We recently purchased a home and one of the larger issues we came across is that we believe the seller had used their own hvac workers to 'repair' our furnace to get it into 'operating' standards. However, we had a ...
Johnson Lo
How to calculate depreciation on residential rental property
Hi Bigger Pockets,This is my first time posting on the forum. I plan on purchasing my first rental property this year! I plan on going the turnkey route of purchasing out of state property.I had a question on calcul...
Colin Stewart
Non-motivated Absentee Owners??
Hello everyone! I have a new investor in Dallas Texas and I've been reaching out to absentee owners in an attempt to secure a house for a fix and flip.
I've had several people respond on my absentee owner list, but ...
Peter Sik
How much should be deduct form security deposit?
I live in oversea and I have a rental property in L.A. The tenant moved few days ago and PM asking me how much I should deduct from the security deposit for the following:I have no experience on repair cost, that's w...
Alecia Loveless
HELOC or REFI which is better?
Due to unforeseen circumstances I’m having to put $120,000 in repairs into a newly purchased Duplex. I don’t have this much cash. I have a SFH owned outright that should come in valued around $240,000. Would it be bes...
Konstantin Za
Builder caused a water leak
Hello, I have a water leak at my property. Water damage is quite big. The root cause is a nail in the pipe. Nail get rusted after 3.5 years of house build and water started going outside the pipe, flooded floor, ceili...
Jarod Steen
Yuma Townhouse (Pandemic-June 2020 Closing)
Investment Info:
Townhouse buy & hold investment in Yuma.
Purchase price: $130,000
Cash invested: $29,000
Three bedroom/ two bath townhouse with one car garage.
What made you interested ...
Josh Kliethermes
HVAC Broken When Property Purchased - not notified
Timeline of events:
- Inspection performed, no AC issues found
- Closed on property
-Days later, tenant informs me central air system hasn't been working for 2+ weeks (after inspection but well prior to closing) an...
Emily Jones
Inspection Freaked Me out - Am I making a mistake?
Hi BP members / team! My husband and I decided that we want to start REI with a house hack. We finally found a duplex that was a perfect mix of the right price, medium taxes and a decent neighborhood. We walked throug...
Mark W Carpenter
Hard Money, Bad Credit, Conventional Financing.
Hello all, I am a Acquisitions manager for a wholesaler here in OKC, Oklahoma I absolutely love Wholesaleing and I get first look at all of our deals. My question is my credit is horrible, but I am in the process of...