Carl Schmitt
"Flipping a short sale is illegal"
I'm sure all the "flippers" out there read the subject and said, "That's not true!". I would say it all depends. The reason I'm writing this is because as I was speaking with a "short sale expert", she informed me t...
Nat C.
Poor relations with tenants
With all of my properties, I would rate my relations with my tenants as an A to A+ with regard to our correspondence, courtesy and on time rent payment.I have only 1 tenant where the relationship is very poor. This is...
Mathew Fuller
Where do you park your rental income?
Hello BP,
I have a few questions:
First
I recently acquired my first tenant in a house a hack. Today I opened up a new checking account with my bank, and I either need to have direct deposit setup with a minimum ...
Nat Love
Negotiating with seller/seller finance/first time
So I am very new to REI, no experience, and no properties yet, but I just had my first phone call with a seller who may be open to seller financing. She is a very sweet elderly woman, not entirely retired from being a...
Edward H.
How to find investors for an Event Center
Hello -I'm part of a group that owns and operates an event center in the Twin Cities. We have a separate LLC for the building and one for the business. We are looking to raise a little more capital to get us through...
Michael Poloncic
Tenant breaking their lease
Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent. Two of them decided to move out in December without informing me. One of them acciden...
Sami Gren
prospective teneant with 3 cats
hi,i have an apartment in a class c area, a great tenant with good income and credit scores but 3=he has 3 cats, i usually do not accept pets but i am thinking if i should make an exception. what are your thoughts?th...
Alex Scotte
rent increase during the pandemic?
My tenants have not missed a payment despite COVID-19 and their lease is up in a couple months. I will be asking them to renew. For awhile, I was planning to raise rent a little because costs for the unit have gone up...
Michelle Marty
What the heck is going on!?!
I have a rental house that is high end and priced competitively for the neighborhood/sq. footage. I've showed the house to 4 prospective tenants and two expressed interest and said they wanted to move forward. I gave ...
Jaden Ghylin
How do these large apartment projects make financial sense?
Can someone help me understand how these large apartment developments make financial sense? It seems like the rents do not justify the upfront cost to develop these projects. What am I missing?
Below is a link to...