Mike V.
Blanket Loan vs 5 Conventional Mortgages
I'm looking to purchase 5 new units in a short period of time. My question is: Is it better to take 5 individual mortgages, one for each property or a blanket loan?Background: These would be short term vacation rent...
Josh Prihoda
REPS hours vs Material Participation Hours
What is the difference between REPS hours and material participation hours? My understanding is that material participation are hours that you are actively doing for your properties (day to day and trying to improve t...
Mark Douglas
Removing 1031 Exhange 2017?
Came across this article from IPX 1031. Is there a chance this could go away? https://www.ipx1031.com/the-republican-blueprint-for-tax-reform-poses-threats-to-sec-1031-and-real-estate/
Donald Hruska
Illegal units in 2-4 unit buildings - Chicago
Hi all,
I'm doing research for my first purchase which I'm hoping to make sometime in the next 12-18 months. I plan to purchase a 2-4 unit property in Chicago and live in one of the units.
Very frequently I see in l...
Tad Murphy
Getting family on board
How do I get my wife to get on board with me to try real estate investing? She is very skeptical and does not like risk.
Account Closed
How to deny two short term tenants
Hi Everyone, We are renting to traveling nurses and I had two nurses apply for one unit. One application came back with an eviction, bankruptcy, late payments, and low credit score. The other came back with a low 600 ...
Kieran Hatley
New member from London, England. Utter newbie.
Hello,I am a 26 year old guy from London, England. I am tired of being a stooge, working my ass off for a company that pays minimum wage, and getting nothing out of it.I have been wanting to make mine and my wife's li...
Joseph Ret
Legal question concerning security deposit
I have a ex tenant who was month to month and violated their lease agreement by damaging the house, not paying rent and water Bill's. They have moved out but they have come back two months later asking for their entir...
Joey English
Easy on the people, hard on the problem
Easy on the people, hard on the problemI learned my property management system from David Tilney. He has a fantastic course that will change the way you view land lording in general. One of the things David says is, “...
Mike Huggins
Use Security Deposit in this Situation?
I have a situation where the boiler room pipe sprung a needle size hole, spraying a very small amount of water against drywall. From the beginning of the lease, I have instructed the tenant to look at the boiler roo...