Thomas Ingrao
Agent doesn’t want to “lowball”
So I found a property that has SERIOUS potential. The duplex is owned by an elderly couple, both of which were moved into a home and this is an estate sale. Asking price is $27,900 and assessed value is $19,800. The h...
Kimberly Carver
HVAC disaster - advice needed!
Hi all -We have been landlords for 5 years with very few issues. Everything that has come up we have been able to fix within a day. We take great pride in our homes. I am sick to my stomach with an issue we have been ...
Scott W.
the danger of a 401k loan
I'm sure it's been discussed before but I'd like to tell something I see (correct if I'm wrong):a 401k loan should be among the last resorts for borrowing. reason being is you pay it back AFTER taxes. if you live in ...
Chris Bingham
What systems and processes do you have in place as a landlord?
Here are some of my current systemsI have a main website for all the properties I manage. I set up a new website for each property with pictures and info on the property. These sites are referenced in each ad that I p...
Jen L.
What's your avg move-out reno cost? Still cash flowing?
Hi investors,My first tenant moved out after 7 years and it is costing me $7-8k to fix! What's your average move-out reno cost? And how many years of cash flow is it wiping out? This is my first move-out and I"m fi...
Justin Westmoreland
Average Profit per flip
I'm wondering what is the average profit per flip. I attended a RE seminar and the guy teaching the class was saying he won't do a flip unless he makes $50k profit minimum. Which sounds amazing if that is true. I'm lo...
Sharon Tippett
Can you really get started with no money and bad credit ?
I keep seeing these Investors advertizing that you can start wholesaling/ rehabbing with NO money and/ or bad credit ? I don't want to pay for these courses only to use up what money I do have to line their pockets. T...
Jonathan Greene
Why You Need a "Deal Killer" In Your Life as a New Investor
The adage about who you surround yourself with is accurate. The five people you spend the most time with will influence you. But as a new investor, sometimes this advice leads you to only have cheerleaders in your lif...
Philip Hy
Are buy and hold's really making money? Big picture question
I'm wondering if we're really making money. Not a rhetorical question, but would like genuine feedback. Here's the scenario. I want to live off of cash flow so I buy a lot of SFR. I then currently make about 550 cash ...
Mark Forest
LLC or sole prop
Yes I know this topic has been discussed many times. However I am accumulating more properties and I need to make a commitment to either forming an LLC or just staying a sole proprietor. I have heard and read that l...