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Do you ask applicants for their current landlord's contact info? I do, but never call. A few years back I was put in an impossible spot. I was evicting a rotten couple, not an easy thing in NJ but I got lucky, and the...
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I am planning to buy a fixer upper and make it a B & B. I'm torn about using a general contractor vs. doing the general contracting myself.CONs of Hiring a General Contractor:1. They are reputed to suck big time ...
I bought a house for $1...not $1 deposit...but $1 total purchase price. Here's how I did it: [LINK REMOVED]
Has anyone done this before?
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Hello BP,I currently have a verbal agreement to purchase a home for 90k. I met with the children over the weekend who inherited the property from mom. The house has already gone through probate and they are ready to s...
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I drive a very old sedan. Most of my tenants drive nicer cars than I do. Now that I am considering purchasing a new(er) car that probably will be nicer than theirs, I am wondering whether to keep the old one to commu...
Hello,
I've spent some time reading these forums and more than once I've heard of middle or upper middle class real estate investors amassing large amounts of wealth, $5-10M net worth, over periods of 10 or...
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I am in the process of loan shopping. Can anyone tell me if it's possible to avoid so many credit inquiries when loan shopping, or just purchasing period? If I'm buying 5-6 houses per year, that could be very ugly o...
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I am starting this topic to open a dialogue regarding acceptable investor returns. What I mean by acceptable investor returns is as follows:
THE TOPIC:
At what point is the investor being greedy?
I will use the ex...
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Hello,
I am seeking help with a situation involving my tenants and their previous management company. I recently purchased a duplex, and the previous owner had employed a property management company. One of the apart...
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Let me start and people can add:1. Deeding a property in their personal name to a LLC.Why, because you now have additional costs and are getting no asset protection since your LLC didn’t buy the property (and 99% of t...