Kelsay Ann Richards
What criteria do you follow when looking for a deal?
22 July 2021 | 5 replies
If you don't know how to do the math and when broker or friend will help you then you should stay out or the real estate business or just cross your fingers and pray.As for the area you invest in, I would definitely stay away from investing out of your area and I can write books on the reasons why you lose a huge percent of your potential income, or even lose money and hate the real estate business.Never forget that nobody represents you.
Angel Glancy
Waiving Inspection to Purchase Property???
21 July 2021 | 5 replies
Waiving the inspection simply means you are willing to lose your earnest money to get the deal under contract.
Mike Schorah
Should I Flip Houses Or Should I Buy A Multifamily Or BRRRR?
22 July 2021 | 6 replies
I actually managed to lose money even as a long-time GC with a partner who had deep, deep pockets.
Vincent A.
Illegal B.C. Landlord Tenancy Situation
18 October 2021 | 11 replies
Tenancy laws freezing rents during Covid until end 2021 and only allowing to increase rent (5% ish) once every 12 months - the landlord is definitely losing potential capital.What could/would you do in both the Landlord and Tenant situations?
Mike M.
Lake Norman NIMBY mafia style intimidation
25 July 2021 | 9 replies
There would be a 3-strike you’re out rule for violations with an increasing fine structure for the owners before losing their license for the remainder of the 2 year period.
Chad Green
Vendor performed work I didn't authorize, what to do?
24 July 2021 | 8 replies
So here's the bill:1 Service call (July Special) 1.00 $100.00 $30.00(30.00%)No Tax $70.002 Labor (defrost and clean condenser coil) 2.00 $100.00 $20.00(10.00%)No Tax $180.003 Co2 Coil Cleaning 1.00 $25.00 $1.25(5.00%)$1.43(6%)$25.184 R-410a Refrigerant 2.00 $65.00 $0.00 $7.80(6%)$137.80Subtotal (without tax) $403.75Taxes $9.23Grand Total ($) $412.98As an aside, the fact that vendor added refrigerant is a red flag to me, as it's my understanding that cooling systems generally don't lose refrigerant unless there's a leak, in which case the leak needs to be addressed.TL;DR: AC not cooling.
Kevin Chisholm
My very first BRRRR method purchase
24 July 2021 | 0 replies
Thanks to new lender and great Realtor we didn't lose the investment property.
Peter Morgan
Vacant apartment high electricity bill!
26 July 2021 | 28 replies
Also you are losing money with a couple months vacancy.
Elisabeth Lernhardt
1031 exchange elimination and the unintentional consequences to
4 August 2021 | 14 replies
The 34-year-old owner of the business told me, he could not send employees to do the job, because he would lose money!
Charles Tucker Kimbrough
Appraisal nightmare could lose deal in Montana
25 July 2021 | 2 replies
I have a deal that may be in jeopardy in Polson MT. We have been through 2 months of appraisals with 2 different appraisers both of which have refused to appraise our property because they claim that there is a lack ...