Paul Willis
How close to a war zone is TOO close??
Hey everyone!I thought this might be an interesting discussion, and I wanted to see your thoughts.The context: I am currently evaluating an out-of-state duplex in Richmond, VA which is in a C class neighborhood with u...
Jason Hatfield
Quit Claim subject to Existing Mortgage Deed
I am currently in a BINDING contract with a SELLER of a residential piece of property an I am the BUYER for the sum of $20,000.00. The contract is seasoned, and is sitting at a Title company ready to close. There is a...
Zach Fulton
Made a costly mistake regarding asbestos(Vermiculite insulation) on my first
I bought my first renovate and hold property. I was aware of the vermiculite insulation(That has the risk of containing asbestos) but knew it didn't serve as a threat as long as it wasn't disturbed. My plan with the l...
Matt A.
Appraisal worked to our benefit
While looking for a potential flip candidate we came across a fantastic deal on a 2 unit conversion - built in 1920, 3k sq., that was previously converted to a physician's office 30 years ago. This was subsequently co...
Jason White
BRRRR strategies for housing/economy crisis
I wasn't involved during the last crisis, what is to be considered when using a BRRRR model?My thoughts:- There must be a certain cash flow rule of thumb that will allow you to reduce rates if needed to avoid vacancie...
Antonio Porta
Foreclosure, to buy or not to buy?
Any advice given is very much appreciated.. I have about 100k to invest, currently I have 1 investment property one block from a College and it is currently rented to college students. It is a very good income produc...
Shelly Uy tesy
Tenant failed to occupy and pay property within 5 days
I need help! I got a tenant who signed a Texas rental Agreement and supposed to pay security deposit and first month's rent and occupy property within 5 days as stated on the contract he signed on Jan 29. He promise...
Rosie Sanchez
Fair Housing Threat Following Lease Termination
State: TX
Here is the situation.
Last week a tenant came in and verbally attacked our office manager. This tenant was irate. He was shouting, screaming, and threatening our office manager because our maintenance tec...
Chris Kennedy
Need Insurance Advice! Closing with non-paying tenant in place...
Hi fellow investors,I'm in a unique situation I have not had to deal with before and would like to get some opinions on the best way forward. Here's the deal:I have a single family home under contract for $25K, with a...
Juan M Restrepo
Keep my Engineering Job or Become a Real Estate Agent
Hello guys, I currently work as a consultant for a software company. The pay I get is decent for my specific profession, but I make a fixed salary regardless of how well I perform. I was considering switching to be a ...