Roger King
LOI's - What do you guys put in them?
Hi - I, too am transitioning from SFH to apartment buildings, and would like to see what kinds of LOI's are out there.
What language, due diligence exits, and other concerns are you using in your offers? Actual exam...
Tony Castronovo
How to inform a prospective tenant they did NOT get approved
After screening prospective tenants and making a selection, am I obligated to let the applicants who did NOT get approved know why they didn't make it? Not sure if it's best to "say nothing"....be vague....or tell th...
Anurag Pulla
Risk with using personal names in lease agreements
Hi guys,Rookie investor here. I was wondering if there is a risk in taking over from property management and having a new lease agreement with the tenant. The property is on my name and that would mean the landlord se...
Melissa Kelley
Charging for Work Done by Yourself vs Highering
Hello Everyone! This is my first time posting, hopping to get some clarity. How do you accurately charge for repairs, cleaning, damages and labor for things you do yourself verse highering someone when your tenant mov...
Brenda Hedges
RCN Capital Reviews
I'm working on a first flip deal in Vermont. I have a single family residence under contract for well below the assessed value. I had applied at my local bank but was turned down because my ratios of debt to income ar...
Jim Breedlove
Analyzing a 28 Unit Multifamily Deal
I'm looking at a 28 unit multifamily deal in Texas and have a question about validating the owner's numbers. The owner provided a one page income statement for each of the last three years. In order to verify his numb...
Mark Miller
Can a PMC legally refuse to send initial tenant application?
During the PMA contract term, can a property management company legally refuse to send the initial tenant application that contains the background check and income information?If yes, then what about after termination...
Jason Yuan
Section 8 ask me to pay back 5 year rent for $44,000
5 years ago, i advertised my house for rent for $780. a lady said she has a section vouch for $760, but she can pay the difference of $20 from her pocket. so we signed the lease for $780, but she changed the amount to...
Nwakaego O.
My contractor has blown throw the allocated budget
Hey everyone, I'm new to this home ownership deal and am currently doing some rehab to my basement. I have had to stop all repairs being done to my house because the contractor sent me a bill of an additional $38K on ...
Michael Johnson
Tax sale overages process
As a new investor certain areas of real estate are appealing; however, the aspect of low risk, no money down with unlimited opportunity for profit is the most sort after. We all know no area of real estate is complet...