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We had someone come to Birmingham from Miami over the weekend to check on five houses that he bought for ‘clients’. Here’s a snapshot of the situation: He’s owned these properties somewhere around a yearHe’s never se...
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What would you do? We have an artist community here and I've had a new tenant (white) and her boyfriend (black) sign a lease last Friday. This is in a historic black neighborhood - it's important, you'll see. They gav...
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My awful tenants in Hawaii have had a last-minute drama. Over the past 4 months they have incurred numerous HOA violations, the police breaking up fights about 2-3 times a week, flooding of my kitchen causing $6,000 o...
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It was a year ago that I closed on my first flip. The night before I closed, I almost walked out on a $4,900 deposit because I got scared. Thankfully, my step father was good enough to walk through with me and ca...
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One of the neighboring tenants filed a complaint whereas one tenant added a blow up pool in the backyard and he cannot sometimes cannot access the back unit with his truck. Out lease doesn't mention blow-up pools, so ...
I'd like to get some opinions on debt. I'm 23 and have 6 figures on school loans, which don't bother me a bit, matter of fact I refinanced them from 12 to 20 years to free up cash for REI (cutting my interest in hal...
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This question was inspired by the discussion entitled "Caught Tenant Smoking Weed" started by @Faisal Farnas. As marijuana becomes legal in more U.S. states, many landlords and homeowners will find themselves facing t...
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“Conservative underwriting is dead.”
Rob Beardsley brings up a great point. It’s extremely difficult to be an active real estate investor in this market if you are using extremely conservative underwriting technique...
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Hi,I am a new investor and actively looking for deals. I have researched some of the HML's and didnt' really like to percentage of "skin in the game" that is required upfront. So, I decided to go the PML route. I a...
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Hello, ***I want to acknowledge ahead of time that I did not screen well enough and that I made a HUGE mistake in my tenant selection***I finished my FIRST EVER rehab in a pretty solid Milwaukee area probably B-/C+, a...