James DuBois
Kris Krohn - Is This Mentor Full of it or Legit?
21 August 2024 | 94 replies
Win-win's are important to Krohn and he feels that an ethical business must include this type of win-win to be worth while.Through the use of private money, and rent-to-owns, he has built a real estate empire of hundreds of single family properties and he is working to make limitless a billion dollar business.How he makes moneyAside from the rent-to-own properties, he is constantly selling and renting.
Sal Ruffino
Looking to dive into REI
19 August 2024 | 4 replies
It is hard to get started and even more complicated if you begin as a passive investor looking for a turnkey opportunity hundreds of miles from where you live.
Chuk Obiazi
Is wholesaling as easy as they say?
20 August 2024 | 24 replies
There are hundreds of thousands of agents in this country who can meet that threshold.
Kirsten Milliken
Remodel resource list
17 August 2024 | 0 replies
I’m looking for a list of suggested products (cabinets, flooring, tile, etc) to rehab the interior.
Ben Stout
HUD Home/Plumbing doesn't hold pressure
18 August 2024 | 11 replies
Even that is a few hundred if you DIY it, perhaps more if you pay someone.
David Shirts
Advice on wanting a 2nd property
20 August 2024 | 15 replies
I would take 0 cash flow on an 8 of 10 appreciation for this century over a few hundred dollars cash flow per unit and appreciation for this century that is lower than the inflation rate.
Elaine Goepfert
PLEASE HELP...being foreclosed on because property is upside down
20 August 2024 | 81 replies
@Jay Hinrichsright - but she did say "the renter wasn't paying high enough rent to cover Kiavi's requirements"so i remain confused.before BK or FC, i think worth (1) talking to an attorney to see what she signed with Kiavi, and (2) calling another lender (or better yet, 10) and seeing what's availablea few hundred for an attorney and $500-1000 for an appraisal - painful to keep spending but i think worth itstill missing info here
James McGovern
Challenges in Using Hard Money Lenders
19 August 2024 | 8 replies
Lenders for this exist just like I exist and have done hundreds of these funding's in multiple states..
Tom Thomson
Insurance Company for Buy and Hold Rental homes
18 August 2024 | 12 replies
Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?
Omar Bortolato
Tax Liens and Tax Deeds. Tools and Calendar
17 August 2024 | 56 replies
Tax liens can be purchased for as little as a few hundred dollars for very small properties.The problem is that each state and county have its own regulations: they issue sale lists of tax liens certificates throughout the year, and auction dates are also different.Also, some states hold auctions once a year, some twice a year, some every month..So, I went on a rabbit hole and compiled a list of the next auction dates:November: Colorado, Illinois, Louisiana, Montana, New Jersey, Ohio, Pennsylvania, Vermont, West VirginiaDecember: Illinois, Louisiana, Montana, New Jersey, Ohio, Pennsylvania, South Carolina, South Dakota, VermontJanuary: Arizona, Louisiana, Montana, New Jersey, Ohio, Pennsylvania, VermontI actually have the whole year mapped out with websites where you can get the sale lists.