Garmeon Y.
Trump Nation suspends FHA rate cuts
Today was President Trump's inauguration. The administration wasted no time and has halted one of Obama's last minute legislations to cute PMI rates. Correct me if I'm wrong, but I thought Trump is pro-real estate? Is...
Garmeon Y.
50% rule flaw - missing out on deals
How much further would you look into a deal before passing? What if a prospective deal is slightly negative cash flow using the 50% rule, but might actually be positive using actual numbers? What's the risk of passing...
Will Gaston
What's the best or most useful clause in your lease?
All:I'm about to begin the annual update on my lease for my student rental properties. What started out as 4 pages in 2006 is currently 17 pages long. And I expect it to fill 1/2 of the Library of Congress by the time...
Diane B.
short sale flipping-I represent buyer
I am a new agent in New York and submitted an offer on a short sale on behalf of my client on a listing that was originally listed with an agent. I was then contacted by that agent and was told that she was withdrawi...
Serj Kalfayan
Always Invest Outside of Los Angeles as a Newbie?
It seems that most of the time when I'm reading about new investors in Los Angeles, they are doing deals outside of the area. I understand it's very expensive to do deals in LA, but are there any other reasons aside f...
Fitzgerald Hall
Real life of a NEWBIE investor
Real life of a newbie investorI've been inspired by Account Closed post, "real life of a real estate investor". With that being said, I believe there's value in sharing my journey with other newbies. I will begin givi...
Sylvia B.
Do these goofy letters actually work?
In 2011 we bought a piece of land between our house and the paved road so that we could put in a driveway and avoid using the (terrible) county road. It came with a house, so we started our landlord adventure. That pa...
David P.
In escrow for property-Should seller or buyer pay cash for keys
Hi Guys,
Currently in escrow for a tenants occupied duplex in Los Angeles. We already got the tenants to agree to cash for keys to move out. They agreed to accept $2500 each (1 months rent) upon move out Oct 2020. ...
Bog Morgan
Realtor Isn't Being Helpful in Finding Properties
I have worked with a realtor on several deals over the past few years, including commercial properties. I told her that I am looking into flipping houses (all cash deals), and when she sends me the MLS listings she m...
Mindy Jensen
What is the WORST thing a tenant has done to your property?
I've heard the horror stories from landlords about how the tenant they were evicting poured cement down the toilet, played hammer darts in every room, ripped out the copper, or left piles of garbage for the landlord t...