Craig Sparling
Chicago vs the world: Forgone opportunities?
13 December 2024 | 18 replies
Only by reviewing past buy/walk decisions and market decisions will I be able to hone my chops for future decisions.
Shawn Lucas
Into/Beginning the journey
13 December 2024 | 5 replies
My purpose behind my decision to pursue REI is to gain financial freedom for wife and I, my future family as well as have the ability to make sure my parents are well taken care of once they reach the retirement age.If I had to label myself I’d want to be known as an open minded rental investor for all long term, mid term and short term investing, with the occasional flip for quicker capitol to put back into another rental.
Anna Granofsky
Shared Housing Advice
18 December 2024 | 6 replies
I do not want to police the house; the nonprofit will make monthly/quarterly visits to insure their specific rules are being followed.
Willard Moshenek
FHA Loans Refinancing
15 December 2024 | 3 replies
FHA rates are actually lower than conventional right now even though there is a monthly mortgage insurance it’s not much in most cases.
Shaheen Ahmed
Property taxes on rentals
18 December 2024 | 15 replies
@Shaheen AhmedI don't know the Ohio markets as well as I know Pennsylvania but (1) taxes can vary widely among counties, cities, municipalities, etc. and (2) the problem right now is that interest rates are so high (although taxes and insurance increasing certainly doesn't help.)What are you trying to accomplish?
Chris Olandese
Tenant threatened to move out
18 December 2024 | 13 replies
(This is a blessing IMO.)So I said I understood her decision and would contact her with further instructions.I sent her a move out letter via email the following day with a couple of options for a timeline, info for scheduling a final walk through, etc… now she is ghosting me.
Francisco Ruiz
Snowshoe, WV - Condo or Home
16 December 2024 | 11 replies
A good realtor will have all the revenue and provide whatever is needed to make a sound decision.
Lynkeisha Dixon
Single vs. Multiple LLCs for Property Portfolio
14 December 2024 | 1 reply
Generally speaking solid insurance and a good umbrella policy will provide ample financial protection for most liabilities.
Kyle Luman
Cash flow vs equity discussion in recent Podcast
13 December 2024 | 13 replies
WikipediaLow crime rate: Never invest in any city on this list: The most dangerous cities in America, rankedLow operating costs: Good indicators of a pro-business climate include:Property taxes: State Property Tax Rates - Rocket Mortgage.State average insurance cost: Insurance - ValuePenguinState income taxes: Tax FoundationLow risk of a natural disaster: Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.
Alfredo Ahumada
Acquired Tax deed property at county action with 2 deceased owners
11 December 2024 | 4 replies
Most title companies will never give title insurance on properties bought at tax auctions.