Dar Fornelli
Tenants paid full rent late, but have not paid late fee
For the second month in row, my tenants have paid rent 3+ days late. My lease states the following: Shall tenant(s) accounts not be paid in full by 4:00 pm on the 2nd day of the month, a late charge of twenty five dol...
Alana Nevares
Repairs are eating cash flow
Hi, i had posted few months back, i invest in Cleveland (University heights, Cleveland Heights, Garfield, Euclid). Have 5 properties (1950s). We did inspections, being out of state we work with management companies, s...
Cedric Jenkins
Is it impossible to overcome a minor mold issue?
Hi, BP family. Quick question..We found a property being sold as is for 25k. However there’s a mold issue (not severe). Work needed is 8k.ARV is 63k. I believe I can leverage the fact that there’s mold to lower the as...
James Floyd
Empty Lot Money Pit
I only posting this for general thoughts and hope there is something I haven't thought of. I am not asking for legal advice just opinions if you were me. Any feedback would be appreciated. Ok here's my little situatio...
Matt Liu
Tenant threatening to sue me for falling down stairs
I inherited lousy tenants in a property (year lease) who are threatening to sue me for a slip down the stairs. She didn't seem injured but yadayada had to go to the doctors and did xrays yadayada. Now they're saying s...
Matt Heath
What are your strategies to obtain more properties with limited cash?
Hello, Can you share what some of your strategies are to obtain multiple properties and continue to grow your business? I see people out there with several million dollar portfolios and I wonder how they obtained this...
Joe Kim
Out of State Investing - NEW and IMPROVED
I recently had a post "Out of State Investing-SCAM! False promise land of cash flow".https://www.biggerpockets.com/forums/88/topics/351...I may have given the wrong message that out of state investing is not a good wa...
Arthur Banks
FINALLY!!! Closed on my 203K.
I plan to write a very detailed blog on my 1st experience using a 203k loan, but for now, I wanted to shout at the top of my lungs, that I FINALLY closed July 3, 2014 on my latest acquisition. A 2 unit - each unit, 3...
Yonah Weiss
I'm a Real Estate Investor, but my Degree is in...
Do you have a college degree? If so, in what field?
Has that helped you in your real estate investing? Or do you think you could have done with out it?
I am a firm believer that our path in life has lead us where we...
Kathlyn Lewis
Tenant late with rent - what to do
Hello!
New to the Landlording game. We recently bought a duplex in Boise, ID and inherited tenants. This is the first month we are collecting rent.
One of the tenants has informed us that she will not...