Hi everyone, my name is Wayson and I currently live in the Washington DC area, but looking to invest out of state due to how expensive real estate is in the area I live in. I'm starting to learn more and more about re...
Hello all, new to the group here. I currently have 6 traditional rental units and looking to potentially refinance one of the properties in order to buy another investment outright. I'm debating a traditional rental i...
I am looking into purchasing a hotel. The numbers and cap rate look good. I am getting a copy of the bank statements and taxes. I have the occupancy rates. What else do I need to look at before I send an offer. Manage...
Thank you in advance for any insight or advice you can provide! I will explain in detail the scenario below but will start off with the abbreviated version (TL:DR) version first.Thanks!TL:DRTenant suppose to be out en...
Went over to a rental property today to work on a leaking basement window. One of my tenants was at home recovering from surgery on his arm. While I was there, a vein in his arm ruptured and he started bleeding heavil...
Today was my worst day ever landlording. I evicted a 86 year-old lady and her 50-something unemployed daughter. I purchased the property back at the end of May. Right after closing I gave the lady the option of paying...
Hoboken/Downtown JC have seen some robust appreciation growth over the past 5 years or so. I'm wondering whether investors feel that we are at or close to the top of the market in the area or if we'll continue to see...
Hi BP,Last week my contractor informed me that he has requested to enlarge one of the rooms in the house, but explained to me that if I add a closet I will end up expending more money than intended. Here is the situa...
For anyone that was able to quit their 9-5 and move full time into real estate (or something else) I'm curious to hear your stories. How did it play out? What was it like? How long did it take? What did you learn?...
Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "...