Muhammad Ahmad
how can I improve my credit score
Hey Guys!I got pre-approval in December but could not close the deal and now I applied for another pre-approval last week for new construction that I found but it will probably close by august or September. That means...
Account Closed
My experience of a year of investing in Buy, Fix, Rent
So last year I bought, repaired and rented 10 houses. These were in a town on the other end of the US from my residence and I personally only saw 3 of them before buying them. Below are some of my experiences. 1- No...
Brandon Hicks
Meth Lab Busted in my apartment and the kid wants his stuff.....
I had a tenant die (of "natural" causes I believe) 3-4 weeks ago. Apparently her son decided that her apartment, in my building would a grand place for a meth lab.I found out about the dead tenant and the lab in the s...
Matt John
Rehab costs - add to basis or take loss that year?
When you purchase a property and immediately rehab before renting out, do you add the cost of the rehab to your basis of the property, or do you take a loss that year? Does it make a difference if you have a bunch of ...
Brie Schmidt
Advice - Plumbing Problem - Idiot tenants
So my idiot tenants used paper towels as toilet paper for some time and clogged their 3rd floor bathroom. The first floor and second floor tenants have not been having problems. We had the handyman out about a month...
Nathan Faselt
Can fee MGMT make a margin on outsourcing work on top of fee?
I am looking for some feedbackIf you have a management company working for you and they bill you $500 a month to mow your property. But then they turn around and get a landscaping company to do it for $350 pocketin...
Phil Davis
Plumbing costs...include drain lines and vents?
In putting together a scope of work for a property I am planning to offer on, I am referencing J Scott's "The Book on Estimating Rehab Costs". As it pertains to plumbing, does the $200-$300 per fixture figure in "rep...
Justin Ash
Failing to plan is planning to fail...
Fact.The US government is totally bankrupt, Social Security is running out of money, and that the Federal Reserve is rapidly engineering its own insolvency.How do we find value to soften the impact?How do we make bett...
Adrian Stamer
Non recourse loans available to purchase multi property portfolio
HelloUp to this point I've used local small banks for commercial loans. These are always recourse. I am also aware of Fannie Mae and Freddie Mac loans which have favorable terms including being non recourse but accord...
Cordell M.
LLC and Self-Managing
My dad, brother and I have an LLC for buy & holds & manage our own units.My brother is an accountant/CPA, handles the finances.To be a property manager in the state of PA, I'm of the understanding you need to ...