Jim K.
Do You Understand How Ugly This Is Going to Be?
There is nothing sane about what you have to be prepared to do in order to make a start in this business. Please take that as a given. The only thing I can fully agree with Grant Cardone about is his statement that re...
Alicia Marks
QOTW: What are your "hard pass" items when evaluating real estate
Welcome to our Question of the Week! We have a lot of people who are entering the world of real estate investment who could use your wisdom. When evaluating a property, what are your automatic no or exclusion list ite...
Lauren Van Riper
Tenant wants extension - you will not believe the reason
Long post - HELP.I got an email this morning from my tenant that I sent a non-renewal letter to last month. I gave this tenant an extra month to find new housing as it is very difficult to find housing here. She has ...
Cal C.
Reserves are almost an absolute necessity!
They would be an absolute except a few people get lucky and put everything they have into a rental property and nothing goes wrong for a year or two, giving them time to build up cash reserves. Then again a few peopl...
J Randall
Why are real estate agent commissions so high in NYC?
Highest property prices in the nation, maybe the world. Yet commission rates are untouched. 5-6% is still standard. But how is that possible considering that'd be more than most people make in a year? $100,000 I he...
Jimmy C.
Why do we pay higher than taxes than most countries?
I was listening to talk radio today and they discussed corporate tax rates. I was surprised to learn that our country pays some of the highest in Corporate taxes in the World. Of course they were talking about how e...
Laura H.
The Shell Game - Pay off Debts or Invest?
I'm trying to take the approach of having my money work for me instead of the other way around. The struggle, however, is balancing what looks good on paper with what I want to do; being disciplined and careful, but n...
Ryan Billingsley
Showing wholesale deal tonight!
We have a property under contract that we are going to wholesale. We have 6-7 people interested in the deal already in two days. We are going to meet 3 possibly 4 people at the property tonight to show it. How many...
Charles Bailey
When to or when not to pay contractors
When should you pay a contractor? Should you pay them in increments, with a deposit in the beginning, again midway through the project and lastly once the project is complete? Or is there a better way to protect both ...
Kenny Oliver
Flying out to see the property
Hi guys so I'm flying out to see a property in New Jersey today.
It's a duplex one unit is being rented one is vacant but set to be occupied in April.
I'm going to see the vacant unit with my agent today but I had...