I could use some advice. I am in the process of buying my first rental property. I just learned that the appraisal came in 10k under the asking price.

It's a turnkey deal so there's no room to renegotiate the price....

Real Estate is so freaking boring… and yet that’s all we talk about. Why – is it because this is all we are interested in?How about the meaning of life – would you engage in a conversation about the meaning of life? H...

I have a turn-key rental with Mack Companies in suburban Chicago that has been vacant for FOUR MONTHS!A small sample of my issues with the management:Finding out a tenant has moved out weeks after the fact. When the m...

I read hundreds of questions in the forums every day. I see a lot of repetition in questions. People ask things like "Do I need an LLC" or "where do I advertise for tenants" or "how do you collect rent payment". We al...

I will be rehabbing my investment property (property manager will oversee) and am wondering if contractors expect some upfront payment (e.g carpet layer to buy carpet, cabinet maker for kitchens). I currently have a s...

I found a deal the other day that looked like this:
$100k for 3/2, 1600sf, decent yard, decent location, comps could maybe get to $150-175k, no mortgage - house is paid off.
Whats the problem, right?!

This house n...

I have read that the best thing to do when taking over a loan "Subject To", is to immediately inform the lender so that everything is out in the open up front. Three thoughts on this, and I'd like your input:

First,...

Sherman Bridge Lending-User BewareFalse promises, bait and switch hidden fees and spiked interest rates.Name of their game-- keep you locked in the hard money as long as possible.I've been using Sherman Bridge for the...