I've been talking to realtors in the areas around Las Vegas, and they are not very encouraging about buying property for short term rentals. Yet AirDNA ratings are high.  I know there are some strict regulations, so w...

Mortgage Update: Outlook is not good.The economy continues to shudder to a halt. As I write, lower manhattan looks like a ghost town. My coffee shop typically turns about $1,000/day. As of 15 minutes ago, Carlos had t...

How Do You Screen a Vendor?

In 2005 I bought a home in Park City, UT. I did a solid renovation on the kitchen and changed the flooring throughout. Then I rented the home for 2 years. My loan was an ugly 80/20,, no-doc, negative amortization ...

Hi everyone. I'm looking into getting my first investment property and considering buying a home in Springfield, IL and turning it into a MTR. The reason for this is because Springfield looks to be a low-cost entry po...

Hi

I talked to a potential applicant whose husband is paid hourly.

What documentation would you ask for from a potential renter who is paid hourly? (eg 1 month of recent paystubs, longer?) Or would you...

I'm past the biggest hurdle to getting started:  Belief.The second hurdle, I understand is taking action, which I'm past.  Speaking to Mortgage specialist, Real Estate agent on board, and lining up accounting even bef...

For those of you who are in the middle of a rehab project, are you still letting your contractors work on the project? In our case, there are no more than 5 people working there at the same time. If not, can we reques...

Hi everyone

My Name is Leanne I am from the smallest state ever lol Rhode Island. I went to school to be a school teacher but as time went on I realized I love kids but from a distance lol -- no seriously these teen...

Since last year, I was pre-qualified but lost out on offers for two homes, each with over 20 offers. In one instance, I offered $125,000 over the asking price and still lost. Rochester, NY, has become one of the hotte...