Brian Gibbons
Negotiating with Home Sellers - Getting their real timeline
The third stepyou need to get the sellers feelings about how they really feel about certain issues.You've got to uncover what the sellers real needs areif the sellers have their head in the sand we call it the "ostric...
Kurt Hines
Security Deposit in Metro Detroit
Hi everyone! I'm wondering what security deposit everyone is requiring in Metro Detroit. Currently I am at the state max of 1.5 rent in Plymouth, but I am considering lowering it to increase my tenant pool.What has ...
Jeff Flaherty
Tax Lien Foreclosure
I understand 95-99% of the time tax liens don't end up in foreclosure but in the event it did would the certificate purchaser be responsible for the mortgage on the property? I'm assuming so since it seems silly that ...
Rich Thomas
Long distance investment
hello all, I'm somewhat of a newbie in the field. I have owned and run a 2 family home for 6 years. I am currently in the process of selling the 2 family in the hopes of upgrading to something larger with a 1031 like ...
Mike Kalob
"Real" Contractor Accepted Payment Terms
It seems every contractor wants at minimum 1/3rd, 1/3rd, 1/3rd (or more upfront), despite advice on here to not put more than 10% down.I've scoured the General Contractor Payments in the forums and it seems the ones w...
Tycee Tyler
Contractor not finishing my flip!!!!
How do you handle a contractor who was suppose to finish a job in 3 months which is now a YEAR and he is basically saying he messed up the rest of your budget money? I want to cut him off my job and file a lawsuit wh...
Daniel Chen
Question regarding LLCs for my rentals
Hello everyone,I already setup a new LLC for several properties that was rented as our family investment property. I have not yet done with filing the quit claim deed but I talked to my lender and they are okay with i...
Keeton Byerly
25% Expense Ratio - How to I get it?
I've seen several multi-family home listings suggest that a 25-33% expense ratio was not only possible, but commonplace. In my properties, I've been operating at about 50%. Is this something that comes with economies ...
Lawrence A. Kovacs III
I want my father to retire. I want to be successful for him.
Hello All, As my headline states; I want to do this to build a portfolio that can allow my father to retire. That is my "why". I am hoping to begin this journey in the Baltimore County, MD area. My father has work...
Account Closed
When is it bulls--t?
In my local market there recently was a big scandal about someone who was ripping a bunch of investors off. Without going into too much detail, he was a well-known guy in the local community and a lot of the investors...