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Results (544)
John T. Bill Dispute with Contractor
4 June 2015 | 20 replies

Perhaps I have been lucky to avoid this on the first handful of properties but I recently had my first dispute with a contractor.  I received a bill for much more than we agreed to.  I called several times to try to s...

Michael Plaks Explained: RE Professional & K-1 syndications
14 April 2022 | 5 replies

Before we start...  This post focuses on one highly technical issue related to syndicated investments: taking K-1 losses while being a Real Estate professional. I recommend you first read my earlier post on the overal...

Johann Jells What to do about a sanitation summons on a 3 family?
28 July 2018 | 16 replies

So I just received a summon in the mail for an infraction 10 days earlier: the recycling was put out too early in the day. It appears to be for $110.  I could pay it, or go to court and see what happens. I'm sure when...

Nick Littleton Advice on lending for an inexperienced landlord
7 December 2022 | 12 replies

Hey all,I have my first rental finally built that we paid for through private lending and equity through our personal house.  The goal here is to have a lease signed, put a renter in there, and cash out refinance the ...

Daniel E. Borrower Fighting Foreclosure: Part 2 - Mediation Request
29 January 2019 | 30 replies

Borrower has now requested mediation. What should I expect with this?We have long been proponents of renegotiating the mortgage. But the delinquent property taxes are too high.Borrower's take-home pay is ~ $1,500 - $2...

Anne Whalen Tenant Behind on Rent, lease up in a month. Best action to take?
14 June 2019 | 19 replies

Hi everyone, We have a property in Pittsburgh, PA (we are in California) where the tenant hasn't paid their rent for a couple of months. They have been good tenants up until recent medical issues and have fallen behin...

John Collins Buyers agent fee of 3%
23 August 2019 | 18 replies

I am using one of those 1% listing services for a $215k condominium (pricing it very low to sell, great condition, just want liquidity) and am wondering do I really need to give the buyers agent 3% at this competitive...

Ryan Biankowski Purchasing Property BEFORE Sheriff Auction Tips?
2 March 2018 | 18 replies

A property that I've been following in pre-foreclosure for a year now has a set date for a sheriff auction in about 2 weeks.  I've located the lender (out of state if that matters) and contacted them but I'm waiting t...

Dan O'Neill Question on management fees
24 March 2018 | 14 replies

Looking for some perspective on management fee. Some background: I toured a 15 unit property with a pm rep and the company worked up a budget for the property based on something similar they manage. The budget has ...