Michael Sanders
Question about sales and negotiating with private sellers
Hi, I have a couple of questions about sales and negotiating with private sellers. I have done a couple of wholesale deals before, both with private sellers, but feel like sales and negotiating is one of my stumbling ...
Justin Donohue
Move Out/Security Deposit Return Letter
Does anyone have a sample letter that they send their tenants after they move out? This would be the letter that you send them along with their security deposit that you may or may not be returning in full.
I...
Neil S.
First Multifamily Fourplex in Chicago
Hi all,
Buying my first multi family, a fourplex in the Southside of Chicago. This is a turnkey property that will be completely renovated with brand new finishings and will be managed by the same company. It...
Gorden Lopes
Question about backing out during inspection contingency
Hello folks!This forum has really helped me a lot as I go through my first deal of buying a SFR in Huntsville Alabama. I will definitely post more details about the numbers and what the final outcome later but in the ...
Michael Donatucci
Previously undetected issues on cash only deal
Hi ll,I am closing on a cash only deal in a couple of weeks in a very hot market in Philadelphia. The property closed showings after 72 hours, and called for best and final within the next 24 hours. Knowing this I bro...
Sage Jankowitz
Do you adjust your property insurance as your loan is paid down?
I'm reading a book right now that suggests it might make sense to lower your property insurance as you pay off more of your loan. So if you take out a $200K policy to cover your $200K house, but then pay down $100K of...
Eric Pierpont
The 15-day rent payment grace period in Maine
I told my tenants they would not be charged a 4% late fee until 15 days from the time payment is due. The 15-day grace period is state law which I will abide by. So now tenants do not pay me until the 13th or 14th of ...
Mike O'Connor
Ocean Front Vacation Rentals
Hi all - My extended family and I are currently on a week long vacation in Garden City, SC (south Myrtle) and are all staying in an ocean front beach house (extended family is here, so we all pitch in to make it feasi...
Megan Mason
How to Start Investing in Section 8 Housing: Advice Needed
Hi everyone,
I'm looking to get started in real estate investing, particularly in buying and renting homes to Section 8 tenants. I’m intrigued by the idea of providing affordable housing while generating steady ren...
Account Closed
condo investment
I am thinking of buying a condo in Maui, Hawaii. I have an offer in for $42,000 2/1.5 mountain/ocean view. It has tenants in place paying $950/mo. The HOA fees are $668/ month, this includes elecricity. the bank is c...