Harrison Alley
What financial situation do you recommend before buying a rental?
My wife and I make about $100,000 a year total, we have ~$38,000 in student loans (total), we have no other debt, and we'd like to get started renting out properties. We currently live in a two bedroom apt that we onl...
Kristin Cofflin
You Can Get 2 FHA Loans in Certain Rare Situations!
Hello all! I currently own a town home that I want to rent out in order to house-hack my next purchase and begin my REI career. My main issue is that my current property is under a FHA loan. So, I emailed my original ...
Derek Robinson
Interesting situation, buyer about to lose $10k in earnest money
I've got a house under contract, I'm the seller. Buyers offered full price, $1,000 due diligence and $10k earnest money. It is supposed to close Monday, the 31st. We just found out Wednesday that their lender didn'...
Randel Malone
Can I get a HELOC Im in a weird situation
I am wondering if I can get a HELOC I have a very interesting situation. I started pay my house through owner financing after a while the deed was signed over to me I still owe about 15k but should quite a bit of equi...
Trevor S Foster
Partnerships & Networking. Let's create a win/win situation
Although I'm new to RE. I'm a hustler by nature. If we can both make money, then let's get it done. I'm a full time employee with a lumber company, we supply building professionals with all supplies needed to build a ...
Account Closed
How do you make seller financing a win-win situation?
I am brainstorming and searching for ways to make seller financing (of a SFR) a win-win situation. Does anyone have any creative ideas?Scenario: The landlord is burnt out, near retirement and has some health issues. H...
Brendan L.
How to remedy situations like loss of electricity or heat?
Novice landlord who just took on my first set of tenants. The electric company shut off the electricity after the previous tenant had left and so new tenants had no electricity and no heat moving in yesterday. Legally...
Burt L.
How to Put Property Under Contract in Unusual Probate Situation?
I have been working with a couple who own a duplex with the father/father in law who died 18 years ago and it was never probated. 20 years ago the husband and father in law bought the duplex as tenants in common with ...
Turgut Oz
How to approach late payment situation, especially with a PM?
I have a rental property in Texas and I hired a local management company to manage it. They placed a tenant who did not pay the first month on time. The rent is due 1st of the month. The tenant paid two partial paymen...
Sean McGrady
In a Unique Situation If Someone Can Give Me Advice
Hi everyone! I am in a unique situation and would like some advice. I currently go to UMD and rent a place close to the school. My landlord is currently on the verge of going into foreclosure giving me the bright idea...