Jeff Lubeski
Who Pays - Burst Pipes
We had a cold spell last week. I get a text Sunday night from a tenant that the radiator pipe is broken (4 days after the cold spell ended). What I know is that she ran the propane tank empty and did not get it re...
Perry Luo
Question about setting about fund for investors house flips
Hi everyone, I'm new to this forum and new to real estate house flipping. My friends and I (one is an broker, another is an engineer/construction) are starting a real estate investment company. We want to set up a fun...
Shannon Sadik
Rochester (Fairport), NY Multi-Family Home. Good Deal or No?
Hi Everyone, I am brand new to this site, but am really excited to have found this!! From what I have read so far, I've already learned a ton! I have been watching the Rochester market for almost a year now and am mov...
John Acklen
Conversation about Vacancy being "Healthy" for an Asset
I was having a conversation the other day with a good friend of mine who is in the development and asset management world about a property I'm interested in purchasing. The property is currently 100% occupied with se...
Justin Greiwe
Debate: does every LLC need a separate checking
I wanted to bring this debate to the forum that I am having with a friend who is also an investor.
The debate, if an owner has several llcs ( all single member) for holding rentals, and one additional LLC acting as m...
Judy Parker
Belligerent tenant won't pay increase or vacate
I have a belligerant tenant whose lease expires June 30th. He sent me this message. in response to the lease renewal letter I sent him. "you cant legally ask me to pay 1/3 of the electric in an illegal apt. not leavi...
Matt Robinson
What is FHA's 90 Day Anti-Flip Rule?
What is FHA's 90 Day Anti-Flip Rule?Question: What is FHA's 90 Day Anti-Flip Rule?For a number of years now, FHA has enforced a 90 day anti-flipping rule which prevents an investor from reselling a home to a buyer usi...
Nicholas Miller
ridiculously high amount of rent
I have a small, one bedroom apartment that was filled by a property management company with a household of 4 ( 2 adults 2 children ). Being a one bedroom 900 sq ft space I thought a household of 4 was a stretch but w...
Teho Kim
Could use another set of eyes of the house I offered on
As a beginner investor I could really use some extra opinions and see if I should be taking the plunge on this SFH.I don't know if it was a mistake, but I submitted an offer and counter offer on the property.$138,000 ...
Johnny Dlcrz
Do you need to transfer property to llc name?
Hi , I have two rentals I own right out. one is a house with land and the other is a mobile home on leased land in a very good location . I just created an llc for these properties per my accountants recommendation he...