I feel really bad that someone who is pretending to be me stole your money and is making me look bad!

Maine is a tenant friendly state, but there are many reasons to evict besides people being bad such as you are going to do work on the property.

Hi Everyone,This is a new situation for me. I bought a 5plex in a nice area, I also live in one of the units. One of my inherited tenants on the third floor is moving out and buying their own home in April. Their leas...

That’s not a bad idea, I may just do it that way.

I can understand the desire to have a great cash flow and high ROI with no $$ in the deal, but I don't see the point in running your numbers based on that goal, and making a decision based on those number.....especially if your real plan is to put 20-25% down anyway......If you can find a place that cash flows well with zero down.....and isn't a BRRR deal, then that's pretty awesome6.5% ROI isn't "bad" .....its just not great.....there are other OOS places that have the potential to do better....but some of them come with a higher risk (lower class neighborhoods etc).

Do they say that about Bankers, Grocery Store Owners, Doctors (well maybe doctors..bad example) plumbers, etc?

Isn’t it a bad idea to have real estate of any kind in a S Corp, too many tax issues??

All this makes it sound like it's a bad Wholesale deal.

If you buy a deal that can't survive a correction, it's a bad deal.if it's a good deal, buy it....buy it RIGHT NOW.Passing on opportunity is FAR more risky than anything else.

I started diving more into the financing side at the end of last year and became a commercial and hard money broker.I've seen a lot of loans (on good deals) rejected due to these reasons:Not enough down payment / liquidityLack of experienceBad creditCitizenshipI feel bad when there's a good deal (70% rule, sometimes 60% rule) and the borrower loses it because they can't get financing for it.