David Harris
Where to go with a 4-unit multi-family property (In over my head)
About four years ago I got a 4-unit property with a FHA 203K loan, I was 26. The goal was to fix it up, live in it and rent the other 3 units out to cover the entire mortgage and have a a slight profit. I was gettin...
Bill Coleman
Need a service for tenants to pay rent electronically
I am looking for a reliable and inexpensive service that allows tenants to have rent automatically paid directly from their bank account monthly. Does anyone use a service like that? I've had Intuit recommended but it...
Deisy P.
An applicant asks if I discriminate against "ex ex felons"
An applicant contacted me on marketplace and asked me "So use discrimate against ex ex felons". They asked to come see the place and I said, as long as you meet the requirements we can move forward. They then proceede...
Linda L.
What you should be concerned as 1st lien holder if there's 2nd loan?
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
J. Martin
Recession Predictor: Leading Index of Economic Indicators
The Leading Index of Economic Indicators has been a pretty good indicator of a decline in economic activity, since it was published. The index uses nonfarm payroll employment, the unemployment rate, average hours work...
Ryan Evans
Being a lazy millennial is starting to pay off
I’ve always been the laziest person I know. By far. From childhood, I never really saw the point of having a job. I knew some people didn’t have jobs, but made a ton of money and did whatever they wanted. I just figur...
Tecsia Evans
Sell or rent investment property?
I have a new construction home that my husband and I built in 2020. We are trying to decide if we should sell or rent. If we sell after living in it for 2 years we would make about a $800k return ($400k of this amount...
Melinda A. Harleaux
What is the best city to invest in for passive income?
I live I Los Angeles, so prices are too high for rental properties. Looking to invest out of state for passive income. Any suggestion for the best cities?
Maurice Blackledge
Investing in TurnKey Rentals as a new investor
I am in the process of finding my first rental property to buy and hold while gaining a bit of extra cash flow.My question: Is it better to start out with TurnKey investment properties? I know it will typically involv...
Cheryl S
Help with the 2% 50% Rule
Hello everyone,
This forum has been invaluable to me. Thank you for sharing your knowledge.
I live in CA, and I'm looking at a duplex out of state. No way could I afford anything around here.
Anyway, the duplex ...