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I am hesitant to write this post because I don't want to brag about my successes (it's really a team effort). Besides, the kind of money I've made on this deal is just the sum total of headaches and aggravation and ti...
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Hi all, I’m coming close to buying my first rental as an out of state STR. I have been in contact with a local property manager who charges 18% to manage the listings on their accounts (Airbnb, Vrbo, etc), take care o...
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I was served with an eviction for late payment of rent and we had court December 4th. We both showed up but the landlord stepped out and when the judge called for us she didn’t come back in the room so I was asked how...
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I have $400,000 to invest for my mother. She is older and would like to have an opportunity to have higher returns on her money at this point in her life. We were initially looking to flip homes, which would potential...
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I know flippers sometimes write penalty phrases into contracts ("must complete by XXX or pay $/week/month"). Do you ever pay your GCs extra when they get it done on time or early? Or, are they being paid to do that al...
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I put an offer in on my first deal on May 1st this year. My rate lock at 4.25% in the GFE expired on June 17th. After months of poor communication and performance on their end, I finally got final approval to close ...
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Hi! Some of you may remember me. I'm getting a divorce and we have a beach house that's $150K underwater. We tried short sales, but that was out. He came up with an idea that we work as partners with an LLC. No! Now ...
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I am moving out of my current residence and plan on turning it into a rental. From what I can tell if I sell the house within 3 years after moving out, I will not have to pay capital gains tax. The rule is if you...
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First time poster. Have never owned a home, and I love my apartment in Chicago (which I rent). I’m saving for my first investment property and I’m thinking to either look for a house-hack in Chicago (which would be ex...
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Hi all,I'm wrestling with a rehab question regarding panel walls. I'm about to purchase an 18-Unit apartment complex with full panel walls and popcorn ceiling. What is everyone's view on panel walls? Of course it's...