Leor Fay
How to calculate potential profits
Hey everyone, I listed a property at 168KI got a cash offer for 140K w a 2 week closing.Realtor Fees 4% (-$5600)Closing Fees 1.5% (-$2100)Remaining Mortgage ~ 73K (-$73000)That leaves me at $59300If i substract my Ini...
Adam Gonzalez
Has Anyone Taken The Bootcamp Classes Here?
Has anyone signed up and taken the Rookie Bootcamp, Multi Family Bootcamp, or STR Bootcamp? If so, what did you think? Loved it? Hated it? Very useful? Same stuff you can teach yourself here or online? Curios as to an...
Robert Adkins
Eviction Process for tenant
Good Afternoon all,I have recently purchased a property from an individual that used it as rental property. The tenants that lived there moved out 4-5 months ago but there belongs and lots of other junk still remains....
Ken Latchers
Better Arbitrage Idea
Since I was on a soapbox on a different thread here, I want to give my opinion on Arbitrage. Recently, Eric Moeller who is running an Airbnb success type business, has abandoned the Arbitrage model in favor of a c...
Josiah Guyer
Appliances in Lease Agreement
I purchased a duplex as my first investment property on July 30th. The property is already rented at $750 per month per unit, which is a little low for a 3 bedroom 1 bath in south central PA. Typically a 3 bed 1 bath ...
Frank Gucciardo
Tenant Died - Working out next steps
I found out yesterday that one of my tenants was killed in a car accident early Saturday morning. I feel terrible to say the least. This is in my three family property and he was room mates with another guy who is h...
Jon S.
How to Acct for deposit after broken lease
Background: Tenant broke 1 year lease, which would have ended Dec 9th. She had some late fees accruing and didn't pay October 10th rent, and let me know Oct 12 by text that she was breaking the lease but wanted to sta...
Nathan Gesner
Illegal Evictions: Share Your Story!
Illegal evictions, also known as "self help" evictions, can get Landlords and Property Managers in a lot of hot water. I personally know a Landlord that always keeps utilities in his name but passes the bills on to hi...
Ryan Fulmer
BRRRR refinance with rooms rented out individually
Hi all,I live in Philadelphia and am planning on using the BRRRR method for my next purchase of a three-bedroom. When I run the numbers, it makes more sense financially for me to rent out the bedrooms individually ins...
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forclosed on
I owned a property that went through forclosure. I have been told that if the bank sells the property for less than the balance on my loan, that there can be a defficiency judgement. However, i was also told that if...