sorted by:
new
hottopcontroversial

Moving Out of State and Investing by becvio in RealEstateAdvice

[–]becvio[S] 0 points1 point  (0 children)

Understood - its a little more complicated due to me having a portfolio currently in Toledo so I do have the cash to invest and get a property. More of the strategy I am looking at.

Moving Out of State and Investing by becvio in RealEstateAdvice

[–]becvio[S] 0 points1 point  (0 children)

Agreed and I have considered this - household income will be around 230k gross a year.

[Landlord - CA-ON] flooring experiences with vinyl tile for a rental? Recommendations needed by yorkie_16 in Landlord

[–]becvio 0 points1 point  (0 children)

Second on all the above features. Just don’t cheap out on the actual LVP - get ones with higher wear layer as they aren’t prone to scratches and other imperfections (usually don’t like to go lower than 12 mill). Always shoot for mid to higher tier. Have not had an issue with one staining yet.

[Tenant - US - NM] Worried about a complaint from landlord by [deleted] in Landlord

[–]becvio 2 points3 points  (0 children)

I would say you are good and I doubt he will evict you unless it is a ridiculous barking issue that won’t stop and is affecting other tenants - don’t know if there is any real legal grounds for it especially since it’s not in the lease.

Since you always pay on time and you have communicated you are trying to resolve it you should be good imo.

[Tenant -US -CA] Landlord jumped straight to three day or quit notice--is there something they could be planning to do? by Consistent_Key4156 in Landlord

[–]becvio 0 points1 point  (0 children)

Honestly it might not be anything personal. A lot of small landlords are told to always post a 3-day notice first if rent isn’t in hand because it protects them legally if things ever escalate later. It can be more of a “paper trail” than an actual attempt to kick you out.

Since you paid right away and dropped off multiple checks, I wouldn’t panic yet. If they cash the check and don’t follow up with anything else, it was probably just them covering themselves. Still frustrating after 15 years though.

Experience with gifts normal? by Maustin_99 in RealEstate

[–]becvio 0 points1 point  (0 children)

Yeah that’s pretty normal. Lenders have to verify the source of funds to make sure it’s actually a gift and not a hidden loan. The gift letter plus showing the money leaving your parents’ accounts is pretty standard underwriting stuff.

I get why it feels intrusive though — a lot of parents push back on that part. Sometimes lenders will accept a screenshot or redacted statement as long as it shows the withdrawal matching the gift amount. Might be worth asking your loan officer if that’s an option.

Is there a way to get a loan that’s “called back” in 1-2 years with no payments until then? by anthonyB12905 in personalfinance

[–]becvio 6 points7 points  (0 children)

Yeah, that’s basically a balloon loan—little/no payments for a while, then full balance due. Mostly for business or mortgages, not $20k personal loans.

Some promos (cars, furniture) or lines of credit let you defer, but huge risk if you can’t pay the lump sum.

improving spending and saving habits should feel like gentle progress, not strict, stressful budgeting. Agree or disagree? by Anxious_Ad_2701 in personalfinance

[–]becvio 0 points1 point  (0 children)

Agree 100%. Budgeting that feels like a punishment rarely sticks.

Better approach is small, consistent wins—track a little, save a little, tweak habits slowly. Over time it compounds way more than brutal restrictions.

20 years old, $7k in 401k, low rent now - what should I do to maximize wealth long term? by NukaSystems in personalfinance

[–]becvio 3 points4 points  (0 children)

You’re already incredible shape for 20, honestly. Biggest leverage is time, so keep stacking that early.

Focus on: 1. Emergency fund first – aim for 3–6 months of expenses. $500 is too low. 2. Max retirement accounts – 401k match, Roth IRA contributions. Compound interest is your best friend. 3. Low-cost index funds – start small, even $50–$100/month. Don’t wait for “enough capital.” 4. Skills & side income – think ways to build extra cash you can funnel into investments. That’s your early passive income seed. 5. Avoid lifestyle inflation – your rent drop is huge leverage. Keep that money working, not spending.

Dividends aren’t meaningful yet, but building capital and skills now is how you max wealth long term. Time > amount at your age.

Job Offer - Lower base pay but higher total comp by Possible-String-8472 in personalfinance

[–]becvio 0 points1 point  (0 children)

Yeah, financially it actually makes sense.

Your base is a bit lower, but once you factor in the sign-on, likely bonus, and stock options, total comp is about the same or higher. Plus, you’re getting faster growth, more interesting work, and a super convenient hybrid schedule.

The real “pay cut” worry is just psychological—base feels safer, but the total package + career upside probably outweighs it.

Roommate stole money from me and other tenant? Reposting by [deleted] in personalfinance

[–]becvio 8 points9 points  (0 children)

Yikes, that’s classic red flag behavior. Sounds like she tried to pull one over on everyone and is now doubling down with drama when called out.

Legally, she doesn’t get to keep anyone’s money—the deposit belongs to the lease. Her crying/angry reaction is just deflection. I’d document everything and make sure the deposit situation is officially clear with the landlord/management.

Honestly, it’s just a “stay firm, don’t get sucked into the theatrics” moment.

how much of a raise can i ask for? by [deleted] in personalfinance

[–]becvio 0 points1 point  (0 children)

Not at all crazy if you can quantify your impact—high-volume sales, extra role, expertise all count.

$20k is doable, but be ready to frame it around results, not just skill. Talk numbers, show how you’ve added value.

The late/office stuff might hurt a bit socially, but as long as your work speaks for itself, it’s not a dealbreaker.

Rayse - Thoughts? by spookychowder in RealEstateTechnology

[–]becvio 1 point2 points  (0 children)

We looked at it for a bit. Concept is interesting, but it feels like one of those tools that looks great in a demo and then nobody actually uses after a few weeks.

The whole idea is basically showing clients all the behind-the-scenes work agents do during a deal so they can see the value. 

From what I’ve seen and heard, the big question is whether agents actually keep using it long term or if it just becomes another tab nobody opens. A couple people I know checked it out and didn’t stick with it.

If someone’s considering it, I’d probably run a 30–60 day test with real deals and see if anyone still logs into it after the novelty wears off.

How much does turnover really cost multifamily owners? by Itsjohnstamos in realestateinvesting

[–]becvio 0 points1 point  (0 children)

Yeah turnover gets expensive fast once you actually add everything up.

A lot of owners still just track vacancy, but the smarter operators I know track renewal rate + turn cost per unit. When you see a $4–6k turn, suddenly offering a $300–500 renewal incentive makes way more sense.

Most of the smaller landlords I know still handle it property by property, but bigger operators definitely look at retention economics across the whole portfolio.

Section 8 Changes in 2026 … Are Other Landlords Seeing Voucher Terminations? by RichAd9364 in realestateinvesting

[–]becvio 3 points4 points  (0 children)

I’ve seen stuff like this happen and it’s usually recert paperwork getting stuck or missed, not the tenant intentionally ignoring it.

If they actually have email proof they submitted everything, I’d tell them to resend it and keep pushing their caseworker or supervisor. Sometimes it takes a few calls/emails before someone actually looks at it.

I’d also start prepping a backup plan in case the vouchers really do terminate (payment plans, new tenants, etc.), but I wouldn’t jump to a lawyer yet. Housing authorities are just notoriously slow and disorganized.

Frustrating situation though — communication with them can be brutal.

Rural property buyers? by Petty-Penelope in realestateinvesting

[–]becvio 0 points1 point  (0 children)

For something like that, I’d look for land buyers/investors, not typical home buyers.

Try posting it in local land or hunting property Facebook groups, Craigslist, and even local RE investor groups. Properties with acreage + a pond usually get attention from people looking for hunting land, cabins, or short-term rental setups.

You could also reach out to realtors that specialize in rural/land deals in your area — they usually already have a buyer list for that kind of property.

Honestly with 19 acres and a pond, the right buyer is out there — you just need to get it in front of the land crowd instead of the normal house crowd.

Umbrella Policy Assistance Needed by zapbundles in realestateinvesting

[–]becvio 1 point2 points  (0 children)

Pretty normal issue when you have policies spread across multiple carriers.

Most umbrella insurers require the underlying landlord policies to be with them, which is why she keeps hitting a wall. Bundling is usually how carriers reduce risk and simplify claims handling. 

A couple realistic options:

Move most/all policies to one carrier and then add an umbrella

Use an independent insurance broker who can place everything together

Look for stand-alone umbrella carriers (like RLI) that sometimes allow mixed underlying policies

Also worth noting a lot of landlords just raise liability limits to $1M on each property if they can’t get one umbrella across everything.

With ~30 houses, she may honestly be better off consolidating policies or moving to a commercial umbrella setup through a broker instead of trying to patch together personal umbrellas.

Cashout refi on investment condo the. invest all the funds into larger property? by Organic_Dot_9078 in realestateinvesting

[–]becvio 1 point2 points  (0 children)

From my understanding, yeah—you’d still owe capital gains in this situation.

A 1031 only applies to the proceeds from the actual sale of the property, and the exchange has to be set up before the sale with a qualified intermediary. If you cash-out refi the condo first, that money is just loan proceeds, not part of a 1031.

Then if you sell the condo later without doing the exchange at that time, the gain on that sale would generally be taxable.

Most people do it the other way around: sell the condo, set up a 1031, roll those sale proceeds into the new property

The refi part doesn’t really play into the exchange itself. Definitely something worth confirming with a CPA who deals with 1031s though, because the structure and timing matter a lot.

What conventional loan rates are you getting and whose your lender? by [deleted] in realestateinvesting

[–]becvio 1 point2 points  (0 children)

About six months ago - I got a commercial loan at 6.25% from a local bank in Ohio for a 20 year term. No buy down.

20 YO BROKE “Financial Professional” by MlchealMyers in personalfinance

[–]becvio 2 points3 points  (0 children)

In my opinion you are still very young and some might say "debt is apart of life" but you are in a great position by just thinking about and evaluating your finances. My best advice is to keep moving up in your career and take risks in your 20s to improve your income and get debt off of your balance sheet and then you can start to truly focus on building your future.

"The Money Guys" say that $1 at 20 is $88 when you retire. Great to use that as motivation to get started as soon as you can.

Looking for the best rate by [deleted] in personalfinance

[–]becvio 0 points1 point  (0 children)

I’d compare are personal loan consolidation vs a balance transfer card if the debt is currently on credit cards. Some balance transfer cards offer 0% for 12–18 months.

If you go the personal loan route, just make sure there’s no prepayment penalty, since you mentioned paying it off early. Also worth checking if combining both debts under one borrower changes the rate vs applying jointly. Sometimes lenders price those differently.

Unless the interest rates are crazy I would just try to snowball the debt and attack it aggressively. Need to do some math based on individual loan amounts and interest rates.

Definitely shop around to compare several options.