Hayden Haddad
Making an offer on a Property tonight
While continue hunting for my first rental property deal, my agent showed me an Apt yesterday and the price seems to be less than usual. It's a two bd apartment that usually sold around 30% more than what the seller i...
Gulliver R.
Accepting bookings from Guests who don't have any reviews
Hi All,Would love your advice. Would you accept booking requests from guests who don't have any reviews? (background info: their identity has been verified on Airbnb, they don't have any bad reviews, but they don't ha...
Daniel D.
URGENT Help Needed - How much to offer on a 16 Unit Bldg?
Hey Everyone,
So i have a dilemma on how much money to offer for this building. I have a person that is selling a 16 unit apt building, in a great town, with low taxes. His family owns over 5-6 million sqft of comme...
Mike Dawson
Dissolve LLC or change name?
Hi all. I have a Wyoming LLC I created to buy a specific property. I ultimately did not close. I want to use this LLC but I do not want to keep the name. It will still be doing real estate activities. I have a D&am...
Gwen Fyfe
Would you blacklist whole family of an evicted tenant?
This is a bit of a hypothetical, but I'm starting to think it's going to happen at some point. It's also a funny story. :)I'm currently in the middle of evicting one of my tenants, Nora Jerk. Nora is a single lady wit...
Samuel Cardenas
Raising Rent or Notice to vacate
So, I'm purchasing my first piece of rental property and the rent in the neighborhood is starting $1,100. The current tenants are paying under market value at $850. They are on month to month with no contract and I w...
Herndon Davis
13 Rules to Vetting Private Money Lenders
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
Scott P.
Multifamily maintenance/capex budgeting
I'm looking at a multifamily building: about 100 years old, 6 units plus 2 long-term businesses, 4 of the units recently renovated, ~$700K to buy, $92K potential income. The proforma shows $1,200/yr maintenance (along...
Nick Reuter
HUD Proposal Would Eliminate Seller Financing
I did a quick search but couldn't find this posted in the forums (only on a few blog posts) - looks like HUD is floating a proposal to eliminate seller financing unless you become licensed as a mortgage originator. He...
Manesh Hardeo
Expected Returns
What in your opinion makes for good cash on cash returns? Now I know this can vary depending on the risk of the area, but generally speaking what do you expect?
I see companies advertising 25% cash on cash returns...