Alex Smith
Legal Non-Conforming MultiUnit - Financing Challenges
Hi all,I've been a lurker on the forums for some time - I finally made the plunge and made an offer and I am under contract on a triplex in a coastal city in Florida! This is a very unique property, and I have some c...
Russell Beach
Buying 12 Unit....all Section 8 tenants
I'm considering putting in a LOI on a 12 Unit apartment in Virginia where all the tenants are Section 8. I have underwritten the deal and looked at rent rolls and T12 and last operating statements and it cash flows ...
Marcos Carbi
Should I replace the roof with tenants in place?
Hey guys,I just closed on my first duplex and the roof is pretty outdated (20 years old). It is in working condition but has a leak and should be replaced - I want to replace it for personal peace of mind and insuranc...
Tim Shin
Newbie from Houston, TX starting in wholesale
Hi everyone! My name is Tim Shin, I've been working on wholesale deals for 3 months now and may be close to a couple of deals but I have lots of questions and inexperience. I got some Rich Dad Elite training in Wholes...
Michael Campbell
How to avoid probate
Hi allI have been recently contacted by a couple of different people here in Tennessee, regarding properties that they want to sell. both are having to do with the death of the owner. The first one was the niece of th...
Chan Reagan
Landlord tenant law and court procedures
Location: Chapel Hill, NCWhat kind of court/lawyer would a tenant or landlord go through if unfair practices were taking place?There are several things going on in my situation where I am actually the tenant:1. The ap...
Debasish Bhattacharjee
Rental repair invoice without tax id - is valid for tax return?
I have a rental property improvement invoice with no tax id. The handyman refuses to provide his SSN. The worth of repair $5.5K. Is the receipt valid for next year's tax return in California?
Matthew R.
Bought multi-unit with unknown section 8 tenant
Recently bought a multi-unit rental in Minnesota, the price was right and it seemed mismanaged, so there was an opportunity for growth. Then yesterday in the mail I received a letter from the local housing authority,...
Account Closed
Seperate bank accounts
About to embark on my first REI. Do you guys recommend I open separate bank accounts for each property? I'm planning to buy two in the next 6-9 months. Also, how do you handle rent payments. I've read a lot of blogs a...
Stephen Glover
13 Questions To Ask Your Property Management Company
Here are some basic questions to ask property managers during the sales process that I feel are invaluable. I'm a property manager in Richmond, VA and these questions have come from well-versed investors during the s...