Jeff Thompson
Changing the terms on seller financing? (bought $126k, now worth $75k)
Hi everyone, I've have a rental I co-own with my father. We bought this 3/1 in northern California in mid 2008 for 126K thinking how much lower could it go? Today it's worth around $75K with around $91k remaining on ...
Chad Bower
Tenants requesting to have a friend stay short term
I have tenants that are currently in a 1 year lease that expires in July. They have approached me to ask if there friend can live with them until their lease is up. I (landlord) pay for water, garbage, sewer for uti...
Chris Seveney
What would you do in this situation ?
I am looking at an off market deal which is a duplex. The owner needs to sell because they are in a financial crunch. In the short term she was also considering leasing it because of her desperation for Money.
The ...
Amanda A.
I made a mistake! Notice to vacate
I gave my tenant notice to vacate, thinking they were month-to-month. They're not.I had all of my tenants set to expire on August 31, 2019 (or so I thought). After, they were moved to month-to-month automatically. Thi...
Michael Camden
Mechanics Lien ? - Missed Completion Date
Hi All,
We're currently flipping a property in Texas and are at the end of the process. Our Contract with the contractor called for a specific completion date, and we agreed on a cost per day reduction in the contrac...
Jasmine Claye
Help to understand cash flow
what is considered a good return on a rental investment?
I am considering a deal but not sure if the numbers are decent to even bother.
Purchase price: $50K
Yearly rental income: 15K
Yearly ...
Kathy Zickenberg
Reno NV BRRR investing
Looking for some info on the Reno market. I know it’s hot but wondering if any BRRR possibilities there. I’m in CA and BRRRing in Louisiana but CPA has advised us to buy in low tax state
Wesley Pittman
Acceptable "Receipts" for Tax Audit Purposes
Hi,Right now I only own one investment property and find myself already spending more time than I would like cataloguing my monthly utility receipts for the property. I deduct these expenses and want to have proof of ...
Account Closed
With $50,000 you can buy 3 Properties in 2024 – These are the Best Markets
Here is a big pro tip:
Stop buying on the MLS. It’s too expensive! There is a process called “Subject To” and a similar process called “Seller Financing” that gives 1% or more monthly income.
There are other ways ca...
Joe Ruder
bank question
Hello - new member, first post to pro.Can we ask specific bank/vendor questions here?If not, please feel free to delete this and accept my apology!I currently bank with Regions and I am thinking of switching to Bank o...