Joseph Banko
WA State Moratorium
How are my fellow WA state landlords handling any non-paying tenants right now? I have one four plex in Tacoma. And one tenant in that four plex not paying, so it could be worse. The only downside right now is that...
Branden Vandette
Letting a property go from unpaid taxes and credit consequences
I made a bad investment on a cheap warehouse in Detroit for my landscaping business. I paid for in cash for 20k 4 years ago. It's in a very bad area and it got broken into a couple of times. Not feeling safe I moved ...
Clayton Swansen
Possible Changes to RE Tax Code
https://www.nytimes.com/2017/04/22/business/trump-...Hi, Everyone! I came across this article in the New York Times today about possible changes in the tax code as it pertains to real estate. I am a new investor, havi...
Burt L.
Rental Property Conventional Lenders That Will Close In An LLC?
I have been looking at doing a DSCR loan but looks like I'm giving up on that as DSCR loans require bank statements anyway and if I'm going to provide that, I might as well go Conventional and have significant rate sa...
Account Closed
Silly What if question. Ethics? Greed?
Old blind guy wants to buy a lottery ticket for a dollar (don't ask me how he got there). He is sure his numbers will hit this week. He goes to give the cashier 100 dollar bill and the cashier explains he can't ...
Wes Glass
Tenant sneaks in pitbull as ESA after signing a lease for a no animal property!
I am a landlord for a couple duplexes. Been doing this for about 10 years. My property management just put in a tenant in side A of one of the duplexes. I have a no animal policy (unless it's service animal which is r...
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
I purchased a single family home good quality location in Chicago’s Northwest Suburbs in Cook County as a personal residence. At the time of purchase, I knew I might not want to stay indefinitely and at some point to...
Bill S.
Just closed on an 8 plex
Closed on a 8 unit here in Denver, Colorado. Actually it's in Wheat Ridge but only local folks will know where that is. Here is the skinny. Found the seller via my direct mail campaign. I was going to try and wholesal...
Account Closed
6-Unit Apartment Complex. My first investment. What pitfalls?
Hey guys & gals, I'm going to invest in a 6-unit complex all cash. This is my first adventure into real estate rentals. My goal is to run it myself for a year, and cash out re-finance after I get a track record.
...
Asish Balu
Closing costs are 14K on a 120K house?? Am I being cheated?
Hey all, Hi all, I put in an offer on a house in Baltimore City and it got accepted. I decided to go 119K with no seller assist, thinking that closing costs would run me at most 5-6% of the property.According to my le...