Bill Ward
What to do with $$ if I cash out
I have a single rental, considering selling due to appreciation and just not too interested in the landlord job anymore. My question is what I should do with the funds if I sell, should be roughly $70-80k after all fe...
Ohad Folman
Reasonable property insurance annual cost
Hi everyone,
I'm pretty new here. Recently bought two properties (single and a duplex) in Detroit MI. Looking to insure them (under my llc). I got a quote for $550/m for both. Seems high. It is up to $1m for each pr...
Wendy Black
Need Advice on Switching Gears for Awhile
Hubby and I (both in our mid-60s and retired) have been in the buy-and-hold RE biz for 2 1/2 years. In that time, we've amassed a home and a condo (both with mortgages), another home (held by an IRA), and soon will b...
Ryan Pyle
50% rule is alive and kicking for me
I just finished my 2013 numbers and am once again amazed at the validity of the 50% rule. Here are my numbers for the past several years. The number of units is the average units held throughout the year. To be cle...
Connor Nelson
From Selfies to Real Estate - Finally Realizing the Value of Time
About five months ago, I stumbled across an app on my smartphone that tracks how much time I spend each day on my phone. I forgot about the app and never opened it since I installed it. A couple weeks ago I decided to...
Kenny Colato
Buying rental property before 25
Hello, My Name is Kenny Colato. I have set a goal for myself to begin house hacking at the age of 25 or younger. I am currently 19 years old, what can I do to help me get the loans I need to finance the properties I w...
Jon K.
Renting rooms out where you're living... Advice?
I'm sure most of you would never rent rooms in your own house that you're living in with a roommate, but... I need to. Nice house... quality finishes, though a bit older. I want to minimize damage, and make utilities...
Jon K.
Should I approve this tenant?
Roommate/tenant situation.
Tenant has job and fairly good income ($50K+). Room for rent: $400something. Could easily pay that.
Tenant has a small claims - dismissed case from 5+ years ago.
Tenant has a small claim...
Angel Clark
Joint tenancy or tenancy in common?
About to close on residential home we plan on living in. Bought with my family’s assistance for down payment. My significant other (SO) and I are not legally married and we file taxes separately and overall have our f...
Jeff G.
Qualifying a buyer for owner financing
Hi all. 2 partners and I are trying to sell a SFR via owner financing, and we could use some guidance on what we should / can / can't do regarding qualifying a buyer. Credit check? Current employment? Employment histo...