Mike Schorah
Only half of wholesale contracts are done by professionals
Does this sound accurate for your market?I’ve been following my local REIA’s Facebook Group for the past 6 months. I went through the previous 3 months of who did how many wholesale contracts. Only half of them were d...
Bob Smith
Investing for tax deductible vacation
I have a little cash to invest and was looking to buy a SFR in one of the oft-mentioned cash flow cities... Indy, KC, Cleveland, etc... but I keep getting lured to places like Phoenix as it's always nice to have an ex...
Devon L.
APR% for Investment Property higher?
Hi all, Quick question, I'm in the market for my first investment property and the first mortgage company quoted me 5.427% on a 30 fixed mortgage. The 2-3 family units I'm looking at are between 55-70K. One company ...
Allen Lopez
How do you make sure your PM is working hard?
How do you make sure that your PM is working hard to get great tenants in your unit?I bought a house about 2 months ago, and hired a PM that looked great. Here we are about 1month and half in, and still don’t have any...
George P.
Is it high? (Good Faith Estimate - lender's charges)
It appeared to be unreasonably high but I wanted to check with the group.
On Good faith estimate the loan originator stated the following figures to be charged by him/his bank (in addition to credit report fee):
1. ...
Robert Burns
Supplement Retirment Income
I'm quitting my real job after 40 years of the rat race and want to supplement my retirement income with real estate investments. I'm considering buying a mobile home park. Any ideas on that? Also I would appreciat...
DAVID GAGE
People giving insufficient info on applications
I've started using the application off of BP because its so complete and thorough. Since I've been using it I have handed out a dozen or so and have only had one person fill out the entire app. . One lady was even app...
Brandon Holley
rental property inspections and licensing fees unconstitutional
From our Local MAREI team! The Southern District of Ohio, in Columbus ruled that the City of Portsmouth Ohio’s occupational licensing requirements imposed rental property inspections and licensing fees upon the landlo...
Larry Flanagan
Does this new spec home cost breakdown look realistic?
I have been considering building a spec house. A GC gave me these costs for a house he built last year. They seem low to me, I am concerned he may be jerking my chain. They are for a nice 2,682 SF two story with 9...
Ping W.
Unauthorized occupant of rental property
Our single family house was leased out to current tenant from June 1st. There are 4 authorized people who were supposed to live there on the lease. They are consisted of the main tenant (a store owner), his younger br...