Brian J Allen
The Dunning-Kruger Effect in Real Estate Investing
I haven’t come across many articles connecting the Dunning-Kruger effect to real estate, so I thought I’d share my thoughts.
In short, the Dunning-Kruger effect explains how, when you know very little about a subject...
Arthur McCormack
Newbie landlord mistakes... is it too late to backtrack?
My first tenant ever moved in November, 2020. I set up the lease electronically and rent on autopay.
Error#1: on the first draft for rent and deposit it didn’t go through, came back as NSF three times. Finally the te...
Jaekwan Lee
Do I need to make sure that a deal is under 1% & 50% rules?
Hi folks, I am trying to buy a quadplex to house hack for my family. We are planning to occupy there for 1 ~ 2 years and looking for cash flow after we leave. So my plan is to get experience on managing property &...
PJ Phelps
Newbie from Shreveport, LA
Hello!I am PJ - a stay-at-home-mom, wife, and homemaker in Shreveport. Born and raised in this lovely city. I have been playing with the idea of real estate investing since my father passed and I suppose his entrepren...
Account Closed
Ninja Cash Buyers - What does the name evoke?
Hi all -Thanks for being an amazing community. I am thinking of what I’m going to name my wholesaling business. I bought the domain ninjacashbuyers.com. What does that name evoke for you?Does it evoke positive or nega...
Christopher V.
Do you use any additional addendums to your residential lease?
I was able to secure a residential lease from another helpful BP member that I'm comfortable with, however, I've been doing more research and it seems like some of you use additional addendums to set tenant maintenanc...
Dan Palumbo
Hoping to get clarification on Indiana Landlord Tenant Law
Under Indiana’s landlord and tenant laws(IC 32-31-3-18), a landlord is required to disclose in writing an agent or manager residing in the state who is responsible for managing the residential property. The Indiana l...
Ursula B.
Deal is Officially Dead
Just need to vent...after two long months and four (yes four!) attorneys trying to get my first Fannie Mae deal to closing, my deal is officially dead.Deal was a townhouse where the HOA foreclosed as well. HOA would ...
Eric Love
My Tenant Compliance is Top 'O the Mark. Is Yours?
If not here's help:1) Convert all your documents, especially your lease to simple, plain language. Tenants can comply only with what they understand. Think about it.2) Avoid "cookie cutter", same-for-all type l...
Mark Stone
Home owner's insurance
Hey everyone, I just got a new quot for my homeowner's insurance on the triplex I own and in live in.I noticed the premium jumped from $1480 to $1743, is this typical. I mean a $263 or 17% seems a little fishy to me. ...