Beth Matherne
Late fee start date?
Hi everyone! How do you all handle your late fees? What day do you consider late? How much are you charging? We enforce a late fee after the 5th, at $15.00 a day as of now. I’m curious how this works for everyone else...
David Prince
Creative Financing Advice
I’m hoping for some direction on alternative ways to finance a deal. I want to stay away from traditional financing for this one for a few reasons: house is a gut and would never get approved, I’m planning a larger mu...
David Siders
MOVING INVESTMENTS TO FL
I have only done one 1031 exchange. We have 7 SFH in Ky leased to tenants and want to move our investments to Fl. The homes are free and clear. I just stumbled onto this site and want to start learning how to do the o...
Trey Nixon
Raising Money for 20 Unit Apartment Rehab
Hello, Seasoned professional investor in the Augusta GA area. Recently acquired a 20 unit apartment Complex, fully vacant. Incredible in-place long term seller finance terms (awesome!). The deal was 24 units, and o...
Derrick S.
Investor letter (The set-up)
I'd like your input on the letter I'm about to send out. I remember that it was suggested in one of the start-up plans I read here (if I find it I'll link to it) and the idea connected so well with me that I'm doing i...
Brett Hearn
Going on Title with family member repercussions
Hello out there,General question for you all. What are the repercussions for me going on the title of a SFR which my father owns with no debt on the property (currently appraised for 175K. The plan is to fix it up i...
Tracy R.
How to value multiple rental properties w no written lease
A man in my hometown passed away and had rental property that he owned outright. Some of them are now owned solely by the widow, and some are owned jointly by the widow and 2 of her adult children. This would be my f...
Chris Heeren
How does a BRRRR investor calculate how much they make a year?
I receive the majority of my income through Buy & Hold Real Estate and am looking for a way to calculate how much I make a year, sounds simple right? I currently own 90+ rentals and buy 20+ properties a year usin...
Jim Bray
Getting a "YES" for a Loan with limited income and reserves
Hi BP Family!
I am a "newbie" PRO here in the Bigger Pockets community and after lots of reading, listening, watching and learning I have finally found what I believe is a solid "Buy-and-Hold" deal. Its a Triplex ...
Eric Littlepage
how complicated does depreciation need to be?
I'm doing my taxes for 2017 now. I've had a duplex since 2012, with tenants in it since 2013. 2017 was a particularly rough year--my property management company has recorded $5700 of repairs that were done, and in b...