But your right this is how these guys get away with this stuff for so long..  

(Not that they actually set mortgage rates - but they influence them.)You now know that as you look at 2/1 houses that anything priced near or above $145,000 isn’t worth pursuing in the short term… so you look for ones that are cheaper than that.  

Hey all, Been listening to the podcast for a couple years. Haven’t made it over to the forum til just recently. Looking forward to learning from everyone. 

@Amy Lin - If it were me I would have an experienced attorney start the eviction process immediately.They are probably going to hang on as long as they can rent free as they have the closing proceeds.They might care about their credit if they do plan on buying another place, so you might have some leverage there.

I always request a Builder’s Risk Policy.My question has to do with what I need to tell the Insurance Agent in terms of how much property insurance I want.

I'm particularly passionate about owning long term rental properties and growing my portfolio.Excited to learn and connect with you all!

Purchase price: $194,500 Cash invested: $51,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Sometimes, when I buy a property, I am ok to have a short-term lease with the owner until they move out, but I agree that there seem to be too many variables right now that add uncertainty to the deal.Is the Title clear?

Either that wall is taking on a load and the studs are bowed or they installed them to long and bowed them in place.

If you sacrifice short term profitability on your PM company for the long term benefit of building the PM company that will manage your future portfolio it should pay off.