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So funny story I thought I’d share. I recently put in an offer on a short sale house and when talking to the listing agent he said “man I love these short sales!” So I said oh really why? And he said because he rents ...
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Contractor is a month past deadline and not even half way done with job. (Only demo..rough plumbing and some rough electrical).On my last visit to the site about 10 days ago there wan no progress from my previous visi...
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We just had our first accepted offer on a house that I knew would have some underlying problems. After the general home inspection, we discovered WAY more than we were willing to take on for our first rehab/rent so w...
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Hi BP, I'm trying to compile a list of worst landlord headaches ever, to use in a direct mail campaign. Whats the worst call you got from a tenant?What has been your biggest pain from owning a rental property?If you a...
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Long story short:
- This guy, call him "Yao", bought a house for $400k a few years ago
- For whatever reason he wants to get out from under the mortgage but he's been making all his payments. His credit history is b...
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Is there a serious risk of hyper inflation happening with trillions of dollars of printed money being pumped into the world economy by governments around the globe? Historical evidence shows that when too much money c...
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This is just the start of my journey, both for this property and for my REI career, but I learned a lot in the long time it took me to get this property under contract. Want to share what I learned along the way in th...
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Hi guys,
I got a house under contract that also came with an unhappy tenant. The tenant's wife was living at the house under a L/O contract, which expired 8 months ago. The couple got a divorce, the wife moved out,...
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My wife and I have a NNN property in rural MS which is going great. The lease is guaranteed by the parent company, so even if store goes dark, we get paid as long as the company is solvent.We live abroad and are cons...
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I was recently on a phone conversation with a fix and flip investor who was giving me advise on rehab costs. I explained that a particular house I was thinking of walking away from was not a good deal because it was t...