Hi Everyone, long time lurker, first time poster. I recently purchased a 6 bedroom/2200 sq ft. house near a small university in our town. The contractor that bought renovated it himself with the thought of putting co...
I've converted to being a pet friendly landlord. It seems over the past few years that 75% of the applicants have pets so it makes sense to do so. Conversion of flooring to accommodate this is expensive and I charge...
I keep hearing about how the rich file bankruptcy not because they are in trouble but as a strategic way to build more wealth. For example Donald Trump, Rich Dad's Robert Kiyosaki, 50 cent, Henry Ford even Walt Disney...
Hello all, my rental property's fence fell down and PM fixed right away. I asked my PM to ask that neighbor to share the repair fee, PM said the neighbor told them the fence is belongs to me. I then asked PM to send m...
Hi Everyone!We took possession of our first rental on July 15th and we are self-managing it. We've prepared a pre-screening questionnaire with guidance from Heather & Brandon Turner's Managing Rental Properties b...
Hi all,
I've been investing in real estate for 10 years, mostly BRRRR in Midwest and Georgia, STR in TN/NC, and recently bought an industrial warehouse in GA. I got it by accident and not really sure what I'm doing n...
I'm wondering if anyone here has run into this and if so, how you dealt with it.I'm currently listing a rental as a private landlord and not getting a lot of hits except one applicant with solid scores and income. The...
Hello BP -
Turned down the purchase of a home today with the following details:
$220k purchase price $270k ARV (built in 2008, just needed to be cleaned)
Needs ~$20k in light work (paint, faucets, yard cleaned) ...
So a few Army buddies and I each chipped in 10k each to buy rental properties under an LLC. As the years have gone by it appears the "buddy" that runs it has been lieing to us and we dont own the properties that he sa...
I have seen several conversations lately which have had some form of Due On Sale or Alienation Clause concept in them. As such I want to address the topic and provide a little opinion as well.
First let's start wi...