John Underwood
Corporate transparency act blocked nationwide
26 December 2024 | 21 replies
They made it sound like it was something easy to comply with, but if anyone who is a beneficial owner has their ID expire or they move, you have 30 days to re-submit the paperwork.
Guillermo Perez
Rate my first BRRRR
8 January 2025 | 22 replies
@Chris Kay finding a quality, cost-effective contractor is extremely difficult:(There are thousands of contractors that are great talkers, but rarely perform within budget.Standard bait & switch is to lowball a bid, then once they get started all sorts of things "pop up" that somehow their bid didn't cover.
Jennifer Turner
How to modify terms of a seller-financed mortgage?
13 January 2025 | 8 replies
If the owner submits a completed application before the servicer starts the state foreclosure process, the servicer can't foreclose until the following occurs:the borrower doesn’t qualify for, or rejects, the lender’s loss mitigation options, orthe borrower accepts a loss mitigation offer but fails to fulfill its requirements."
Allende Hernandez
Do you run screening in all the potential tenants?
11 January 2025 | 15 replies
Hi Allende, I agree with the others—everyone aged 18 or older should submit an application, go through the screening process, and sign the lease.
Allende Hernandez
Is it legal (or a good idea whatsoever) to reimburse screening fees?
11 January 2025 | 9 replies
Once I submit their application to the screening service, the money is spent.
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
This isn't just high risk your talking about Zach, your talking about compounded high risk.
Anthony Miller
Aspiring Residential Investor
7 January 2025 | 11 replies
-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Jonathan S.
Passive Real Estate Investing
15 January 2025 | 10 replies
This is a straightforward process that we’ve followed to consistently deliver high-performance properties, and it does not require secrets or gurus.
Gamal Harding
Property Management is Much More than Collecting Rent…
23 December 2024 | 9 replies
•Tenants demand prompt, high-quality service and without caring about cost •Vendors seek to earn as much compensation for their work as possible.Balancing these needs requires thoughtful stewardship, strong communication, and a commitment to fairness.
Gary M caceres
Water bill went up super high
16 December 2024 | 20 replies
The most common reason for a high water bill is a toilet that constantly runs or flushes.