I reached out to a lender and I was told I had to have capital of my own. I thought you didn’t have to have capital? He told me any lender is going to require me to have capital. He basically told me to save up some m...
I have a tenant who is month to month and is a lawyer who has a checkered past to put it nicely, he is a felon, but has been given his law license back. He has stopped paying rent, and told me he will not pay, or move...
Account Closed I Live in Detroit. I proudly live in Detroit. But for the past couple of threads about my fine city I’ve stayed silent to see which direction it would go; but I’m back to answer any questions you may ha...
Hi all,
I am curious about how people are successfully operating rental arbitrage businesses. I own multiple rentals in the south/mid west and recently I was approached by an aspiring arbitrager to lease out one of m...
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Hello,I have a contractor that is requesting 50% of what he quoted the job up front. It isn’t a super large sum of money, but I’m curious on what type of things I should do/look for to protect myself. As of now all I ...
Today we sent our investors a special update on the impact of Coronavirus to the Las Vegas market. I thought it would be helpful to share it here.
There are multiple canceled events and conferences. Hotel occupancy i...
Some Perspective... 0.15%
That's the percent of American people who have Covid-19 at the time of this writing. NOT even 1% of the total population.
Suppose the disease were to quadruple before this is over, that w...
Hi everyone! I am totally new here, so I hope you'll excuse my newbie-ness.I am located in Southern NH (about an hour north of Boston). I've been looking to buy a home for myself and my two boys. It's been very diffic...
Everything has gone wrong all at once. I have 13 doors- which you would think would be able to handle about any issues that popped up, but the issues have happened too fast. I had insurance require roofs to be done- s...