What would be a fair split or structure for the following situation?I have two friends with solid capital who are looking to start investing with me. I would be doing all the work - finding properties, renovating, ren...
Hello All,I am house hacking my first deal and am in the process of determining what I would like on the lease. I would like to hear what things that might not be common that you guys add on your leases to help protec...
I had an interesting conversation with a police officer the other day. We discovered a bum sleeping in a dumpster bin enclosure. We keep running him off however at night he returns. The cop said the best way to rid...
As part of a 1031 exchange, I am buying a property in Florida. The seller is offering owner financing (a wrap loan subject to their existing conventional loan). Their loan has impounds for insurance and property taxes...
My tenants are a couple - she calls me “hon”, He calls me “babe.”. Every time they do that , I mention my name is marci . I like to maintain a professional profile which is why I correct them . not a big deal. Just cu...
Hi all,Had my first conversation with a portfolio lender, and thought I'd share how the conversation went and what their products look like. I'll hit the high notes of the conversation, then afterward I have a few que...
I know many people believe it is very important to have a mentor when you start the business. My question is, is it smart to pay for one? I have seen a few people who believe each way but I thought it would be best to...
I have been struggling to find someone to refinance a fully tented industrial building of mine. I was originally looking for a 75% loan to value. For a reasonable interest rate, knowing today’s markets. I’ve been told...
We recently purchased a 100 year old duplex with plaster walls and ceilings. One unit was/is occupied by an older couple (>70) who have lived there for close to 20 years (we let them stay). Their bedroom ceiling i...
Hi everyone, new member here. I have a couple rental houses, one of which will be vacant soon. The applicants are an unmarried couple with a two year old. Together their income is sufficient but separate it isn't. I ...