Tim ODonald
Down payments and Reserves
3 September 2018 | 0 replies
We have had 3 parcels of land (small country town) plus the mobile home rental and had to sell all of it do to personal reasons and major home repairs on our own home.
Marshall Baker
Start investing with multiple units or just one...Plan A or B?
3 September 2018 | 2 replies
I work as a sales manager for a major telecommunication company which supplies me with a steady income.
McKensie Hogstrom
[Calc Review] Help me analyze this deal SW Cedar Rapids IA
22 September 2018 | 13 replies
Once you determine the current condition and life expectancy of all major components and appliances you can adjust the CapEx reserves requirement.What are you including in the $200 Misc?
Gabriel Benavidez
My Brother wants to invest
3 September 2018 | 3 replies
Well typically you'd want to get a lawyer involved to draw up a contract, since he's your brother I'm not sure if that's what you want to do but regardless you need to agree on the terms of the business relationship beforehand to prevent any disagreements and disputes:1) Who makes major decisions (ie renovations, evictions, selecting tenants, etc.).
Thomas D.
I this illegal to do with my condos?
12 September 2018 | 78 replies
Even if it was legal you run several risks. 1) You would permanently damage your reputation in an industry where reputation is vital to get deals. 2) You risk major tax implications related to large capital gains. 3) Comps are not solely based on on the units you want them to be based on. 4) Even if this hypothetical plan worked exactly as you laid out you would be extremely over leveraged and underwater on the other units as you pulled out falsely inflated equity.
Steve Vaughan
My BRR (no Refi or Repeat) pics, #s and takeaways!
20 October 2018 | 44 replies
@Caleb HeimsothUsed to date a Wiccan art major who wore a cape in college.
Jessica Wood
Tenant changed locks - 24 hr notice to change back?
8 September 2018 | 13 replies
@Jessica WoodIf it's a standard ten-buck doorknob made by Defiant or Kwikset or Schlage or pretty much any other major American manufacturer, there's a very simple solution if you ever really do need entry, if there ever really IS an emergency.
Ed Taslak
[Calc Review][Newbie] Help me analyze this 4-Plex
3 September 2018 | 1 reply
Everything looks like its in great shape, all 4 units are rented (I believe too low currently) and the only major thing is the kitchens of all 4 units are old.
Kristie Giles
Where can I get used cabinets besides the ReStore and KSL?
28 September 2018 | 3 replies
Call the major remodel contractors in your area and ask them that exact question.I would also set up searches on Craigslist.
Nick Colvill
Buying multiple properties in year 1 - can I keep this up?
24 September 2018 | 161 replies
If you notice majority of experienced people on here were trying to help you.