Jay B.
Chicago tenants refusing to answer messages about rent payments??
So I haven't heard from my tenants in 1 month. I'm a long distance real estate investor and my PM company has called, texted, e-mailed, sent out smoke signals but tenants are still refusing to answer. They initially s...
Brook Vosler
Why do REI dislike or avoid life insurance?
As a real estate investor and financial advisor I usually understand the mindset of other investors. Individuals in real estate are usually more willing to take on risk which is often rewarded. I understand REI’s usua...
J K
Massachusetts Multi Family Investing Help
All,
First post for me but from what I have read thus far, this forum is great.
I live and work in Massachusetts in the Financial Service industry and have amounted a small (>100k) in cash over the last couple of ...
Michael Plaks
Refinanced interest - is it tax-deductible?
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
Matt Millard
Is a self directed IRA even worth it?
Even with using the lowest cost IRA provider out there the fee for 4 separate accounts is over $600 annually assuming my wife & I open a Roth & traditional each. If I put this in one of my best investments th...
Jessica Wood
Can’t enter rental unit - active water leak
Our NIGHTMARE TENANT has been given a 7 day notice to vacate. There is an active water leak coming from her apartment for the second time. We told her we’d be bringing plumbers by this morning. She ADDED A LOCK to the...
Amy E.
SmartLocks vs. Locksmith
I've only been in business a short while, but own three rentals. One I had to turn over already due to the quality of tenants, and it just happens to be the house with the most door locks I've ever seen on a 1200 s.f...
Ryan Jenks
Investor in California
I grew up in an atmosphere where my family had rentals and so now at 32 I currently have a house and duplex that I rent out here in California. I think I will lean towards apartment complexes as my next purchase and ...
Michael Noto
Diary of a Flip: Single Family Colonial in Plainville, CT
We closed on a single family flip this past Tuesday (June 23rd). We will be posting the progress of this flip here on BP. Here is a breakdown of some of the key numbers.Purchase Price: 85kRehab amount: 31kBeds/Bath:...
Nicolas Botia
Duplex House Hacking - Good Investment Or Not?
I’m thinking about house hacking for the first time with an FHA loan 3.5% down.There’s a duplex that someone is selling me off market at $220k in a very good area in Tampa, FL (West Tampa is the area). 2/1 each unit a...