Sean Taylor
Proper Expectations for Low Income Applicants (Chicago)
My wife and I have purchased our second rental property and this time are working in a lower income area of Chicago (South Shore). The average household income is around $25k/year and we have our 1-units and studios ...
Nick McBride
Why is CAP rate not best for analyzing residential properites?
Question.... I have read CAP rates are not best for analyzing residential properties, and are better for commerical. Is that correct, and if so, why? I am looking into multi-family properties
Garrett F Anderson
College Students vs. Families: Which is better to rent to?
As I am trying to figure out my real estate niche, I keep coming back to the discussion of whether I should rent to (or target) college students or families. To help me decide I was hoping to list the pros/ cons of e...
Maria A A.
Seller Refuses to Return Earnest Money Deposit
Seller in Columbus OH refuses to return $1000 earnest deposit to Buyer despite cancelled contract and demands $500 before returning the deposit. Seller wont sign mutual release claiming they were not given time to rem...
Gina C.
Wholesaling Process for Pre-Foreclosures and Foreclosures
Hi guys,So I recently became a landlord and I’m testing other ways to make money in real estate. I read up on wholesaling and wanted to try my hand at it. I bought a list of homes in the early stages of the foreclosur...
Anthony Wick
Inherited Tenants vs Empty Units in winter
Closed on another duplex in the Des Moines, Iowa area (Ankeny, 8 miles north). This duplex had some recent upgrades to flooring, painting, hot water heater, appliances, etc.
Due to the upgrades, the seller sold this...
Jordan Cardwell
Looking for First Property New Orleans
So. I've read quite a few books about investing, I've listened to most of the podcasts, and I've networked with a few local investors. The number one thing I've learned is the best way to get started is to go buy a pr...
Account Closed
Section 8 hedge against recession or STR
I have around $100k and a VA loan to invest after selling my house. I am considering rehabilitating cheap properties including mobile homes and renting them as section 8. I think it would be a reliable income through ...
Diane Perry
Need agent w/ NAID to rebid in PA
There is a HUD home that I want to purchase. I missed the owner occupant period, and because it is showing up as IE, insurable with escrow, which would seem to indicate it needed less than $10,000 worth of work, a who...
Keegan Darby
How long do you prefer tenant leases are??
If your strategy is long-term buy and hold, how long do you prefer your tenant leases are (in a class C area)? And, why?
A) Month-to-month
B) 6-months
C) 1-year