My dad and his wife recently passed away in February. And since then I was made the executor. They left behind a mobile home that their upside down on. They owe first mortgage $66000 and second mortgage $35500 and rea...
Several people asked this question of how to invest a $1million to get a safe return of 10%. Many of advice given were buy 10 SFRs for $100,000 each, 5 SFRs for $200,000 or a $1,000,000 apartment and collect $100,000 ...
Hey Everyone,Just closed on my first flip in Maryland. The seller smoked heavily in the property, house is 1250 sq ft and is a rancher style. I was thinking we needed to remove carpet, scrub walls, and then prime, but...
Has anyone had an experience with a rental with an HOA in financial trouble? We bought our first condo rental, in a 40 year old complex near a major university. The property is mostly investor owned as rentals are no...
I would like to start my own construction I already have the inventory - Land The idea is to build 5 - 6 new homes each year and buy 5 to 10 new lots each year. Finance is already in place for these projects but ...
It’s been some time since my last conversation starter and a lot has transpired since then. Below is an update to assist investors on whether Cleveland’s low priced multi-family market is compatible with both their pe...
What's up BP been a while. I purchased a triplex OOS in November . Two of my inherited tenants always pay on time or within a few day . Now the 3rd cost me a bunch of money by leaving with no notice and trashing the p...
Below is a chart of the interest rate on the 10 year going back to 1880. As we all know the 10 year is a reasonable benchmark for mortgage rates. In other words, or what matters to investors, the 10 year determines ...
Below are pics of what I'm working with. It's an 1880's home and everything I've read says they used pine and the lumber store said it was either pine or fir so I'm guessing it's pine. In my opinion the floor is great...
1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.