I once owned a 20-acre mixed-use property in Illinois. It included 25 mobile homes, 60 self-storage units, and four commercial tenants. When the time came to sell, I anticipated a solid profit from the deal. But durin...
I got a call from a lady who has a house that's under water, and we struck a price, the contract price is about 70k under what she owes, maybe 20k under market, but the property needs work. Next week I'm rolling over ...
In August 2020, I took on what seemed like a great deal—a three-family property in Manchester. The seller was a terminally ill man who needed cash quickly to support his family before he passed. The lead came through ...
What mistakes do most people make when they buy their first rental property. How should I get started?
Hi everyone I found a property for what I consider an amazing deal.This would be my first property sfh But they want to sell it cash as a quiteclaim deed how Ricky would it be to buy something like that?
I am selling a SFH and during the option period the buyer is renegotiating based on the inspection. I may be getting a higher offer from another buyer, and am wondering: am I still bound to the first buyer's original ...
Hello BP,I am new to REI and running into roadblocks getting finance for my first deal. I just contracted my first deal (a great one I might add) so I have no previous deals to refer to and obviously no credit to fall...
Does anyone do move in specials for their rental units? I have been considering doing something like $100 off the first month's rent or maybe a lower rent for the first 3 months of a 12 month lease. Have you had succe...
Hey everyone,I am buying a 6 unit property under an LLC, when I write up leases do I sign them all under my LLC name? Also do I need to start separate bank accounts under my LLC name and keep everything separate from ...
I'm probably the only person on here that has gone through this, but I don't know of another forum where I can discuss this. I rent out RVs that people live in. I've been doing it for over 3 years. So, eleven months a...