Hello everyone,I am curious what percentage profit everyone looks at when they are buying a deal.I currently have 5 properties(1.3M equity) that gross $5700 a month then after expenses I’m left with $2636.Is this a go...

hey everyone,
i've been reading up on short sales and had a question. I'm actually interested in a property that is on the MLS as a short sale. It's been on the market for 160 days now. Originally bought for $340,000 ...

I have an applicant that only meets my 3X rent income requirement when she adds in her child support payment. And meets it only by $50. Do you allow people to use child support as "income"?Her smart move report came b...

Hello,I have about some equity in my primary residence.  I am in the process of moving into another property and was going to sell my current home and use the funds to purchase more properties.  I recently heard a pod...

This is one of those confusing tax issues that does not have a short answer: do I need to send Forms 1099-INT to my private lenders, and do they need to send me Forms 1098?Part 1: Forms 1098 from private lenders to in...

I have a property manager. The property manager will handle repairs automatically that cost less than $250. He nets these repairs out of the rent I receive. he provides a statement that shows the rent received, the...

You can add Citi Mortgage to the list of no resell for 30 days. I am going to counter the 30 day requirement and will let you know their response.

I’ve been very fortunate to have done several hundred wholesale deals that have gone very smoothly. It’s not uncommon for issues to come up in a deal but I can almost always find a solution. This is one of the few tim...

Does anyone know how people typically value PM companies when/if they sale them?

I had court hearing last Tuesday. The tenant did not show up so the court ruled in my favor. The tenant has 10 days to pay before we can go to sheriff. Today, I received only $600 payment. The original unpaid balance ...