David Bowles
New purchase, current tenant is not current on rent
Hi Guys! I recently had a seller (another investor) agree to a 45k purchase price (cash) on a house with ARV of 60k. The house had a full gut rehab 4 years ago when this investor bought it. The current tenant is “all ...
Casey Serafino-Lee
How to even start with Investment Properties....Prefer Out of State
HiI am a newbie investor. I am interested in investing out of state as I live in California and our tenants rights are awful here. It is so difficult to get rid of bad tenants....plus the ROI here is not great. I a...
Andrew McGuire
I'm Buying Negative Equity Properties and I'm Excited About It
I purchased 1 and UC for 2 properties this month two of which I'm keeping as Long term rental. The first 699 E Gold Dust, San Tan Valley AZ comps around 375K and I purchased for 393K so I'm lost about 18K equity by p...
Bill Gulley
HEALTH CARE LAW UPHELD
It's law, the Supreme Court held that the Affordable Care Act (Obamacare) is valied under the taxing authority.
Yes, I know healthcare is one word....
However, states can opt out with the Medicaid portion. Now what?
Rich Weese
obama says we're doing great! Why don't I feel all warm and fuzzy then?
Obama sounded almost giddy on how well the country is doing. The stated unemployment rate only ROSE to 9.9%. HOORAY! (however, when you include EVERYTHING in that category, it is 17.4%, almpost a record high)He says t...
Jim Tiernan
Anybody else having issues with Mack Companies in Chicago?
I have a turn-key rental with Mack Companies in suburban Chicago that has been vacant for FOUR MONTHS!A small sample of my issues with the management:Finding out a tenant has moved out weeks after the fact. When the m...
Wendy Black
Comedian John Oliver on Mobile Home Perils
This made me cringe...We've got mobiles rented in NorCal by people of very modest means and have been mindful of that.https://slate.com/culture/2019/04/john-oliver-mobile-home-rent-rolfe-last-week-tonight.html
Rickina Velte
MLS & Wholesaling
Everything I read and hear says you can't wholesale from the MLS...and I'm wondering why that is? If I find a potential property that is priced below market value, am I not able to put it under a contract because I ca...
Scott E.
Airbnb Guest Refuses to Leave or Pay Rent for 540 Days
In an upscale neighborhood in Brentwood California a guy rented out his guest house on Airbnb.His latest guest has now lived in his guest house for years, she hasn't paid rent in 540 days, and she is saying she will n...
Edward Damhuis
Cap rate... I don't understand you.
I know what the definition of a cap rate is but for some reason it's not sinking in. Can someone please elaborate just a tad for me?