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Tenants are escalating mold situation
19 November 2024 | 15 replies
Even if you are in the right, what happens if you need to fight it in court?
Scott Champion
I have $200,000.00 cash to invest.
21 November 2024 | 20 replies
Does that sound appealing?
David Griffin
Section 8 tenant
16 November 2024 | 9 replies
We re currently in court and have been for a while.
Marc Chale
Tenant Ready to Settle Debt Following Eviction
16 November 2024 | 2 replies
Tell them what the courts decided on.
Scott Blevins
Section 8 investing
21 November 2024 | 18 replies
No eviction protection so since you gave to settle on someone with and low 600s credit score if you have to go to court they get to charge for their time on that.
Jose Remor
Leaving a property management company.
25 November 2024 | 19 replies
You have to know how to screen tenants well, know the landlord tenant code thoroughly, know how to send proper notices, when you can charge late fees, what to do if a tenant doesn't pay etc.I can't tell you how many owners have come to us over the years who thought they could manage on their own and got all the way to court, only to find they didn't follow proper protocol with notices or the late letter etc and have the case thrown out and have to start again.Also, are you local to do inspections?
Shane Pearlman
[Timely] Tax appraisal changed property from 4plex to duplex / 2 townhouses?!?
15 November 2024 | 7 replies
[Timely: appeal deadline Monday Nov 18 2024 - need to submit by Friday 15th - tomorrow]The Property: I own a 4 plex in Seattle (magnolia) Washington bought in 2014.
Bruce Lynn
Everyone wants to buy a foreclosure until they get to see inside the property
1 December 2024 | 134 replies
Needs like $10,000 in cosmetic repairs and curb appeal.
Aditya Kohli
How to find mid term rentals for 3Bed 2 bath property?
19 November 2024 | 19 replies
Mostly appeals to larger family units but we've had traveling nurses bringing their family, folks needing a place for outpatient surgery, also people between moves, etc.
Luis Maza
Real wholesalers - or hype pricing - my numbers are not adding up - dilemma
15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?