Atul Mohlajee
Commercia;l properties loans recall after 10 years
I bought two commercial properties in 2017. Both of them have 10 year loans that are fixed for first five years and adjustable rate for the last 5 years. Both these loans are amortized over 25 years and I have decen...
Robert Mittendorf
I own a house in a state I can't visit, should I rehab?
I got a deal on a major fixer on the south side of Chicago. I bought for $60k and have unofficial offers (both informal and offers that fell through) for up to $170K. I have architectural plans, permits, and the house...
Bill S.
Another reason to do quaterly inspections
Saw this in the local news.
Large MJ grow operation in rental
Couple of thoughts
1) Applicants supplied their own background checks. - Never allow this. You stay in control and do the checks. I'...
DJ Smith
St Louis investors
new investor looking for other investors to work with in Missouri. My partner owns a real estate company and is looking for assistance in flipping
Chad Huffer
Why do banks remove appliances from REOs
So, I've looked at many REOs and they have all had the Appliances removed; I always assumed that the previous owners took them to salvage what they could before the foreclose.Recently there was a property in my neighb...
Bryan Satter
Out of state property maintenance
As an out of state investor I am dependent on my property manager to update me on status of property. We talk regularly, but that doesn't mean I am always fully aware of any potential deferred maintenance or tenant tr...
Dana Whicker
Bank Reporting Old FC’ed Mortgage As Active Delinquent!
Lesson Learned! Always check your credit regularly from ALL of the BIG 3 reporting agencies.Cliff notes are at the end of this post.Right at the peak of the housing bubble in 2006 my wife, a single public school teach...
Rachel Fairweather
Theft of Hot Water Heater and A/C Unit
Just bought our third rent house and 3 days after closing it was broken into and the hot water heater and the window A/C unit was stolen (presumably for the copper). Haven't had this happen before and want to know how...
Callie Edward Muckelroy
Basement Laundry Room Access
Not long ago, we added two sets of laundry hookups in a walk-in basement of a 4-plex, which previously did not have any laundry facilities at all. (See my post from several months back). That project is done. The prop...
Carrie Smukal
Offering housing to Veterans
I am purchasing a home in Wisconsin and offering it for rent. I have had a veteran ask me if I would be interested in offering this home as a Veterans home? It sounds interesting to me and would like to entertain this...