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We live and have rentals in northwest suburbs of IL. Our tenants have lived in one of our rental houses for 1 year and 3 months. They are responsible tenants, always are paying their rent on time and keeping up the pr...
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Hi; I'm a new investor who had the privilege of pitching my plan to a panel of experienced members at my local REIA club. They told me lease option deals weren't popular in California because you run into problems wit...
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Hi guys,So my tenant just moved out of the place and wanted to get your feedback as far as what you all think is reasonable to deduct.Above are the pictures of damages caused by the tenant.Before Move-InDuringMove Out...
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Hello, I would like to know if anyone in their right mind would hire someone who knows what they are doing, but has no insurance or a business name. He does work on the side and has his brother and side helper to get...
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I am on the path to purchasing my first home. Ultimately, I plan on "house jumping," for lack of a better term. I would like to buy my first home, and after a few years of living there, buy my second home, move into t...
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Hi, my banker said - We are needing a minimum extra $20k in cash flow in order for this to debt service at 1.25x, which is the industry standard lowest it can be to approve loans, your's now is .98x. Is it possible t...
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I am in Illinois. I will allow a single dog of certain breeds and age in most of my rentals. there is an additional $50 a month charge and an additional 600 pet deposit. I have a potential tenant that is interest...
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Hi!I'm in need of some advice for dealing with two problem tenants. I recently purchased a 4-plex in Arizona and inherited 3 of the 4 tenants (2 out of 3 on Section 8). At closing, I immediately accepted a 4th tenan...
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Hi BP! Last year I teamed up with my longtime buddy and purchased a 4 bedroom (single family detach) house near campus while we are finishing up our degrees.We use 2 bedrooms for quiet living/study, and offer the othe...
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Thought I’d get the consensus from the rehabbers here who are doing at least a few flips per year.
How are you maximizing your time when it comes to finding rehab deals? It’s been incredibly time intensive for me to...