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Results (10,000+)
Saurabh Kukreja Things to consider when buying a property with tenants
14 June 2024 | 1 reply
It's supposed to ensure there are no surprises after closing.
Forest Wu Any good property managers for Las Vegas (Single Family Homes in Rhodes Ranch area)?
14 June 2024 | 3 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
PJ Cuddihy Tile Contractor/Wannabee investor
13 June 2024 | 1 reply
PJ, I"m surprised noboby responded to your March posting yet, but I'll do so.
Brian Freeman My Story of being scammed by Morris Invest and Oceanpointe
15 June 2024 | 54 replies
Linwood Ave from Dave Koehn | PDF Attachment8/29/2016 - Received photos of 2021 Linwood Ave from Dave Koehn at Morris Invest8/29/2016 - Brian Freeman e-mails Dave Koehn of Morris Invest to take the Linwood property8/29/2016 - Nicole Meckley emails Brian purchase agreement8/30/2016 - Nicole Meckley emails Dan from Paramount Title9/7/2016 - Sale closing of Property9/12/2016 - Nicole Meckley sends me info for the cost to rehab; ($5,100) | Estimate Attachment | Wiring Instructions10/3/2016 - Nicole Meckley responds to Brian Freeman that the flip is now complete and they will send photos and start marketing the property;Note that the property never needed to be “marketed” as there was purportedly a tenant already in place at the time of sale of the property (see 12/13/2016 below)10/13/2016 - Nicole Meckley writes that the flip is complete and she only has a photo of the furnace because there’s a tenant in already;Note that if any rehab was done it was while there was a tenant occupying the property10/18/2016 - Nicole Meckley writes all of the contacts at Oceanpointe to start rent deposits;Note that Oceanpointe likely received and collected a month rent without remitting it to the new owner from closing date of 9/7/201610/31/2016 - I notify Morris Invest that I have already been cited by insurance for an improper dog breed;11/15/2016 - I write Clayton Morris that I never saw the before & after rehab photos; I ask for the lease paperwork.11/18/2016 - Bert Whalen tells me he will send me the photos personally;11/29/2016 - Nicole Meckley writes an email with photos after the flip that are of poor quality; she sends the repair estimate that states what was fixed; | Part 2 | Estimate11/29/2016 - Brian sends payment by wire via Wells Fargo $2,55012/13/2016 - I inform the Morris Invest team that I still do not have a copy of the lease;12/13/2016 - Clayton emails me a one page lease signed by a Kent Stork on 7/2/2016 (prior to my purchase of the property - I did not notice this at the time)Copy of lease4/17/17 I write to Clayton Morris informing him that the taxes doubled from the advertised taxes for the property;11/2/2017 - I write to Clayton informing him that I am being sued by the Marion County Health Department; | Copy of Summons and Complaint11/3/2017 I write to Clayton Morris asking if it’s normal to get sued by Marion County; he replies yes that his office handles it;11/3/2017 I write to Clayton Morris informing him that is was a surprise there were so many reported issues with the property;12/29/2017 - I inform Clayton / Oceanpointe that I was cited again and he tells me that they are working on it.
Mike M. How much should a PM involve Landlord?
15 June 2024 | 30 replies
I don't like surprises
Sukhman Sahota Seeking Guidance for First Investment Property Rehab
12 June 2024 | 8 replies
They are going to be able to navigate unexpected issues and guide you through the project. 
Corbin H. How to fund massive unexpected repair
10 June 2024 | 40 replies
I'm surprised you've owned this home for ten years and only have $200,000 in equity.
Nathan Gesner How much reserve should you maintain?
12 June 2024 | 9 replies
Yes, higher income makes it easier to handle unexpected repairs but the property or group of properties itself should have a reserve.  
AJ Wong Coastal Investors find reasonable operating costs in Oregon
12 June 2024 | 2 replies
It's no surprise that the most popular relocation destinations are in some of the lower cost of living areas. 
Jeremy H. Under water - higher equity is better?
11 June 2024 | 4 replies
Family emergencies and unexpected illnesses all can come to pass.