Mike W.
Why won't my investment property in Lincoln Park Chicago sell?
Hello world,What am I missing? I realize it's a pandemic, but other similar units are selling, this one will not sell.I own an investment property condo, 2bd/1ba in Lincoln Park in Chicago. It's in the heart of Lincol...
Josh Lang
Help! Closing tomm - got surprised with a much higher disclosure!
I am closing on a rental property tommorow using a conventional mortgage with a local bank in Pittsburgh. (house - hack scenario ... will be living their for a year and then renting out). My decisions and math regardi...
Matthew Paul
New renter is complaining about electric bill.
The middle age woman who has been in my 1 bedroom house has been complaining that the electric bills are high . The old tenant gave her copies of the electric bill as a example , he didnt care . And yes they were ...
Bill Rainsburger
Newbie question on landlord insurance
Hello, I'm in Indianapolis and considering becoming a landlord, in a very limited way, we have a friend of the family that could use their own place to live. In many parts of Indy you can buy a decent small house for ...
Matt Liu
Can a seller add his own money to property sale money to avoid short sale?
Forgive me if this has been asked before - Can a seller add his own money to the money made at sale of a property to pay off a mortgage balance? Say the balance is 43k and I buy the house for 38k - can't the seller ju...
Tyler Jahnke
Well, That FLIPPING sucks! Taxes and expenses?!
Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...
Donald Hasson
BP Podcasts Book Recommedations Aggregated
The BiggerPockets podcasts have been an invaluable resource for information, knowledge, and inspiration. So, first, thanks guys for putting that on and thanks to all the guests as well.
One of the little nuggets at t...
Paul Doherty
In a 1031 if I take out part of the proceeds what happens tax-wise?
If I sell a property I own completely (worth 175k after realtor's fees) and want to keep 50k of the proceeds and 1031 the rest into 2 or 3 new properties how do the tax consequences play out? Do I pay 15% on, say, 58...
Charlie Miner
Existing Tenant Wants to Break Lease
Hello, I have an existing tenant who wants to break their lease. The lease (I inherited) states they are still responsible for any remaining rent obviously. My initial thought is to ask them to be out by X date and wo...
Tim Jacob
Eviction moratorium effect on landlords and property managers
Hi,I'd like to share some experiences on what I have seen in the Baltimore area which is my neck of the woods. As many know the federal eviction moratorium ceased after a Supreme court ruling on August 26, 2021. On...