Akku Kumar
Preparing a Marketing/Pricing Plan to Rent a House Soon After Closing
5 February 2025 | 7 replies
If leasing indeed becomes a major problem, I would consider selling—we'll just have to see what happens!
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
I know during covid some started giving them access remotely, but this is exactly why I think it is a problem.
Robert Liu
New build with delta build services in Cape Coral
5 February 2025 | 69 replies
Many of the problems I hear on this forum and in personal messages to me from other investors can be solved through more frequent and detailed communication.I have multiple emails to the construction project manager asking for an estimated completion date that have gone unresponded.
Marc Robinson
Community input on a small mobile home park, distressed with high vacancy
13 January 2025 | 10 replies
Here’s MY general feeling; if a MHP isn’t TOH, or I can’t easily switch from POH to TOH, then I might as well purchase an apartment complex and have less problems.
Warren Peasley
Selling primary residence / new home into LLC?
29 January 2025 | 7 replies
Buying a new primary residence has nothing to do with the capital gains exclusion.It is when you go to sell the new house down the line you'll run into a problem.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Kurtis Sargent
First time remodeling project - Learned a lot
27 December 2024 | 0 replies
I removed the chimney and added modern HVAC, making it the only house on the block with it, significantly enhancing its value.
Tiamo Wright
Why is Zillow so bad?
21 January 2025 | 5 replies
There is no one with experience in actual real estate high up in the company, which is the problem with most tech companies masquerading as real estate companies (including brokerages).Let me know if you want to know even more. :)
Christi Wolverton
Credit card payments declined
4 February 2025 | 7 replies
Here's the bigger lesson I learned: If a tenant asks for special considerations, or reduction of fees - those are ALWAYS the ones who are the problem tenants.
Charlie Loomis
From Master Metered to Indivdual
19 January 2025 | 6 replies
How are problems with the Metron sub-metering device handled?