Danual Berkley
Which is more important, high ROI or bail with no loss
I'm a total newbie here and I've been practicing crunching numbers to decide if a unit is worth it or not. I'm kinda stuck on which is most important to make my decisions on buying or not buying, good ROI or selling w...
Harry Gamble
PM sued for security deposit
My colleague owns a property management company, and he has been sued by a tenant who wants his security deposit returned. The owner of the property instructed the PM to keep and send him the deposit because the tena...
Bryan Hancock
Are People Programmed to Sell Their Time?
I find it quite puzzling that most people insist on relying on selling their time as their sole livelihood and will go to great lengths to trade their time for money more efficiently. These same people never attempt ...
Jason Malabute
After 3 years of failure...I'm finally a GP on 342 doors
In 2010, I was looking to open a wine bar in Los Angeles. I made a costly mistake of partnering with the wrong person. This led me to losing thousands of dollars. Basically, my former partner chose to prioritize his ...
Indra Tanudjaja
Heloc question (to pull at closing or not)
Hi. i am wondering if other had similar situation.my Heloc just approved at Bofa.my plan is to use the heloc funds for flipping (down payment/rehab cost).currently, i don't have any property to flip yet (have few real...
David Zimmer
HELOC question - notify bank before using it for investment?
I recently closed on a HELOC and noticed verbiage in the contract that I was required to notify the bank if I plan to use the money for investment, rather than for personal use. Is this common? I assumed the money was...
Sheree H.
GA DOL lien holding back refinance!
I’m in the middle of refinancing a number of properties, and the title search brought up three liens from GA Dept of Labor on my LLC. My accountant says it was miscalculated, but will take about 5 weeks to get them cl...
Stephanie Johnson
Certificate of Sale vs. Deed (Alabama Specific)
Can someone let me know the difference between the Certificate of Sale vs. Deed and what can be done with each? Having made a few purchases via the Delinquent Tax Sale List and receiving a Certificate of Sale, what i...
Anthony L Lee
Single house duplex conversion
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $45,000
Cash invested: $35,000
Owner financed five thousand down, 10 year, 7 year call, 6%, large three stor...
Nehru Raju
Negative Cash flow on Second property
Hi,I recently purchased my first rental property in VA and it generates positive cash flow around 250 after all expenses, insurances etc.I am trying to purchase another property(Condo) in Franklin Park, NJ. With HOA a...