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Buying investment property in Florida -out of state
Currently living in California, but I have my sights on South West Florida, the Gulf coast exclusively. I flew there twice last year and looked at properties with some agents. I'm looking in the $100 K price range but...
Jordon Nichols
How long do lenders typically honor a Pre-Qualification?
Hello everyone! My question is pretty simple and straight forward. How long do lenders typically honor a Pre-qualification? I plan on using either an FHA or a VA loan when I get home from overseas in about 2 months to...
Corbin H.
How to fund massive unexpected repair
I had a sewer line collapse at my rental. The city came out and said it isn't city responsibility. Insurance came out and said it isn't covered. Plumbing company doesn't have a payment plan. All in they want $20k that...
Chris Johnson
Selling our rehab business as a going concern
I am currently rehabbing homes in the New Orleans market and have done so for several years. Our typical rehab is an historic home renovated from the studs out and will sell for between $200-400K. Gross sales in 2013 ...
Gates Mueller
Sellers Not Sending Counter Offers, What's With That?
Over the past few months here in San Antonio I have encountered numerous situations where I send in an offer on a property and receive a flat out "no" or "we are declining your offer." I always encourage clients (sell...
Kevin Harris
Tenent suing me in Indianapolis Indiana, need help
Tenant removed my shed and replaced it with a larger one. Tenant gave me 30 days notice to vacate. After 45 days, tenant moved out and left the shed, I learned that because of its size, it required a permit to be th...
Michael Healy
What if you're not handy???
So, something has always bugged me a little bit reading these forums and blog posts. If someone is self managing a few MFH, why does everyone seem to feel they have to run over at 3am to deal with a clogged toilet? W...
Jeff S.
It is getting tougher to be a small-time landlord
I see the day coming when you can't afford to manage a small portfolio of rental properties.The tough part for me has been getting maintenance done for little stuff. I have had so many handymen over the years, some li...
Walter Pape
Dodd-Frank / SAFE Act regarding MH investing
Hello BP!!
During some research I have came across Dodd-Frank and SAFE act regulations with seller financing. As a new investor should I meet with a RMLO and/or Real Estate Attorney:
Before I start maki...
Jerry D.
First time eviction
Heading to court today to file an eviction for the first time. I have done everything possible to avoid the situation. Some people are just no reasonable. The cost is going to be $192 to file the paper work. I am in T...