Sean Bramble
Anyone done a "Morby Method" deal? Zero down creative strategy
23 May 2024 | 35 replies
I’ve actually been involved in creative real estate cases (suing and being sued) in Small Claims court in two states multiple occurrences, in Superior Court in two states multiple occurrences in each state, Bankruptcy Court (which is Federal Court) multiple occurrences, and 9thCircuit District Court of Appeals (which is also Federal Court) multiple occurrences.
Ashley Nelson
Financing for a 10 unit post rehab ARV 750K?
23 May 2024 | 1 reply
The ARV would be 780K at a 8% cap rate and I'd have a government contract to rent the units out to vetrans.
Orien Kuang
MTR in a 4 unit building
23 May 2024 | 11 replies
Also ask the local corporations and government agencies who they use for setting up corporate housing.
Alexander Timberlake
Eviction in Texas - Freddie Mac Loan - 30-Day Notice to Evict or 3-Day Notice to Evic
22 May 2024 | 1 reply
However, Texas Eviction is telling me that since my loan is "federally backed" (my understanding is that this means that Freddie Mac or Fannie Mae owns my mortgage loan) that I have to post a 30-day notice instead of a 3-day notice.
Brian Plajer
Tax/financial planning services
24 May 2024 | 17 replies
Correct me if I am wrong but Joe Schmoe with no experience and no education can call himself a financial advisor.There is no governing body that administers the term 'financial planner' so I put litte weight into that title / profession, whether it is fee based / non-fee based.
Novak Inklu
Tenant seeking advice
23 May 2024 | 3 replies
The apartment would most likely be classified as a condominium in the US; individual owners and renters of single family homes/units in a multi-story, multi-unit building, with security, facilities, and common areas.To the point: My landlord has informed me he is raising the rent by 8.5% upon contract renewal in October, but read on.Dubai has government regulations concerning rental increases.
Melissa B.
Best Way to Reject a Prospective Tenant
23 May 2024 | 3 replies
(We don't want government officials coming after us and it being on our burden to prove why we're exempt.)
Alexander Merritt
Quantity vs Quality Rentals
23 May 2024 | 43 replies
Usually, only through the intervention of government in the form of low-income property improvement grants and rental subsidies can marginal properties in marginal areas be made profitable.
Skyler Lehman
Property management Pricing
22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
Nathan Gesner
How did you learn to manage your rentals?
22 May 2024 | 20 replies
HUD, Fair housing, State Government, Local city councils, it's overwhelming.