After hanging around these forums for about half a year now, I've noticed that the word "Guru" gets tossed around quite a bit, and (understandably) not in a good way. It's a label that tends to be used interchangeably...

Have you ever had a tenant that just won't leave? I'm already down 3 months rent, the tenant has been officially ordered evicted, and they won't leave without the sheriff going down there with my PM and physically rem...

I have been noticing a trend. And the trend goes like this: the return on investment for those attending 4-year universities is decreasing substantially. For the amount you pay to attend college, it is in many cases n...

My wife has finally ran her 1999 Volvo into the ground with the transmission going out and it would cost more to fix it than the car is worth at this point in time. Let's be clear that we are looking to buy a 3+ year ...

I wanted to share an article with all of you but could not do it as an article due to either my misunderstanding of how to post an article or maybe the restrictions of the extranet usage here at work. So I will share ...

I was served with an eviction for late payment of rent and we had court December 4th. We both showed up but the landlord stepped out and when the judge called for us she didn’t come back in the room so I was asked how...

A little over a year ago I bought a triplex in Chelsea with 2 tenants in place. I've poured a lot of money into repairs because previous landlord didn't take care of anything, then I put in a 3rd tenant. I've been luc...

I'm in the Minneapolis area and I'm trying to find a creative way to try and buy a stellar property at auction. I have no experience with foreclosures. There is a house just down the street from my development. It was...

Hey guys,
I am looking at buying my first investment property. Here are the numbers:

Asking 160k, but I plan to offer much less
Units are 2/1’s, rent for $595 each
Built 1984
Tenants pay utilities

Income: $595 x 4...

Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...