HI all, just getting started, looking for first deal. I found a MHP locally FSBO, it is 34 units over 7 acres, city water, with septic tanks which owner claims to empty yearly. asking $800k, brings in $91k/year, accor...

Hi Everyone,Due to the extent of the flooding disaster in Houston, there are going to be a lot of flooded homes. What is going to happen to them? There are going to be many distressed sellers. Many homeowners will wan...

I had 4 different roofing companies assess the roof of my long term rental. All but 3 have recommended replacing the roof completely. It already has 2 layers of shingles, needs a cricket for the add-on chimney, new pi...

So I was listening to the podcasts the other day - and I could have heard wrong - but a guest said that they always come in at 70% of the asking price and then deduct rehab costs below that number.  When I run this ou...

Dallas-Fort Worth apartments seeing boom in leasing

I hope I learned how to post this link.

I want to thank Jon Klaus, friend, and proud Texan for this article. G...

Im sure, like me, you have quotes posted around your work area or in your notepad. What are they? I have several:

"Someday is Today"
"You are your own limitations, you are your own success"
"Whether you think you c...

Has anyone ever offered a tenant who is behind in rent and has filed for bankruptcy cash-for-keys to get them out?We have a property in Memphis that is being managed by a property manager. The tenant paid May rent, bu...

Argg!! Hate living in Section 8 low income housing, so many problems, but since I'm poor, Guess I have to suck up to it.
Since last week, I have a problem with my neighbor (who are also a tenant on section 8 housing ...

I hope I'm doing this correctly. Thank you in advance.

3-unit apartment complex
Asking Price = $119,500 (I easily understand that this is way too high)
Total Monthly Rents = $1,235

Using the 2% rule, I would need ...

We see much discussion on how to find deals and buy deals. However not much is mentioned about how to handle the leads when you get them or HOW to CLOSE a deal.A great closer will out perform someone with superior kno...