Arthur Banks
FINALLY!!! Closed on my 203K.
I plan to write a very detailed blog on my 1st experience using a 203k loan, but for now, I wanted to shout at the top of my lungs, that I FINALLY closed July 3, 2014 on my latest acquisition. A 2 unit - each unit, 3...
David Coombes
2% v. 50% Rules in Saint Louis
Today For the last several months I've been analyzing properties listed for sale in the Tower Grove and select South City areas of Saint Louis to buy and hold. Very few are meeting the 2% rule though some pass using t...
Josh Edelson
Why are all the insurance companies pulling out of disaster areas!?
GENERAL DISCUSSION:California has fires. Florida and South Carolina have hurricanes. All these insurance companies are jacking up the rates 2x-6x or cancelling policies altogether in these and many other areas. If you...
Josh Trup
FTHB OOS REI Multifamily Advice
Hello all! 25 Yo from SoCal. Been researching for the last couple weeks and just got pre approved with my friend who is a lender for up to 600k purchase price on an investment property loan with 20% down. Ideally thou...
Tomiko Graves
What do I do?!?! - Tenants installed kitchen in basement!!
Hi all!I need some advice. This has never happened to me before and I'm not sure how to handle it. When I went today to have my current tenants sign another one-year lease, I did an inspection of the property. To ...
Alonna Johnson
Provision Wealth
Looking for anyone who has worked with or researched working with ProVision in the Wealth Building Program (Tom Wheelwright-Rich Dad, Poor Dad CPA). It's a big financial commitment and would love input before moving f...
Account Closed
My Tenants Want the Basement Finished
Hello! I have a four bedroom three full bathrooms property that is currently occupied. I charge these tenants $2000 per month for rent. I verified the fair market value with Basic Allowance for Housing at $2169.00. ...
Steve K.
How can contracts be anonymous?
3 times in just the past week I’ve witnessed sellers discriminate against buyers because of either race or sex. Humans simply can’t be trusted not to discriminate if given the chance. We’ve put laws in place to make d...
N/A N/A
50% / Itemize
Operating Expenses seem to be a big shade of gray for investors. Especially for a newbie like myself who has never run an investment property. Do the vets recommend itemizing expenses when running a cash flow statem...
Terry Portier
How to become a Hard Money lender?
Hello all, I want to become a hard money investor. What do I need to get started? What’s the going rate, what should I charge? Thanks in Advance.