Don Chambers
Listsource equity way off
I am ready to start a direct mail campaign and planned to mail to absentee owners with equity. Using listsource I pulled my house, and see the the combined mortgage amounts are the original amount of my loans. One l...
Catherine W.
Inhereted Tenant Eviction help in Columbus, Ohio
Hi All - We have a problem. We purchased a duplex on 6/30 and are currently living on one side. There were previously two guys living on the other side; one moved out on time as notified by the prior owner (which w...
Michael Ablan
Insane Mentally Ill Tenant. What to do?
Hey everyone! I've got an interesting tenant situation on my hands and was looking for some advice.Some backstory:I closed on a 4 unit building with 1 inherited tenant. To say she is a hoarder is over simplifying th...
Bienes Raices
Buying property from a wholesaler
Other than making sure the wholesaler isn't fly by night, are their any tips or things to watch out for? Thanks.
Sylvia B.
Fallout from tenant breakup. How would you handle this?
Just wondering how other landlords would handle this situation. I would like your input before saying what I did.Tenants are a young unmarried couple, no kids. Man has the bulk of the income, woman can't afford the re...
Michael R.
Hire a "Handyman" or sub each Job?
I am about to start a rehab on a duplex I own. I am wondering if I should hire one person/company to do the entire job, or hire out someone separate for each thing. In the past I did the work myself and this will be t...
Charlotte Dunford
Syndication contract - help
For a syndicator, when you go under contract, do you sign on the contract with your own name? Or the LLC you and your LP's will form? What I want to know is that would my LP need to involved in the contract phase at a...
Timothy W.
Prepping for Cap and Trade effects
Alright,
As wrong as it is, it's a reality. No use pissing and moaning - we're going to have to deal with it. What exactly does it mean for us and what exactly are we going to have to do? I've m...
Michael Lerch
Need advice on taxes for S-Corp (good beginner lesson)
So I formed an LLC and opted to be taxed as an S-corp in 2012 thinking I'd save money on payroll taxes when I make a ton of money, well... like most new investors I only made a little... $1,650 I paid myself out of a ...
Aly W.
Police broke down my tenant's door - by accident
In 8 years of landlording, I haven't come across this one yet. I got a call from my Sunrise, Florida tenant on Saturday, saying he and his wife are out of state on vacation. Their mother-in-law stopped by that afte...