Randall Cornelison
Looking for #6 SFR in Oklahoma City
Getting some financing on my last BRRRR. Due to the over-reaction to COVID, local banks are a bit skittish. Thankfully, I have a good relationship and a little dirt on a local bank, so they'll do 75% of ARV on a hou...
Yariv Morchi
Condo workers going Union -- Should I be concerned?
HiI live in a condo building in Manhattan and got a letter from management saying that I should expect expenses to go about 12% because the unionization of the building workers.Maintenance used to go 3% in prior years...
Zana Blue
Potential Tenants With Lots of Small Infractions
When I run a potential tenant through the clerk of the court and they have 6 citations in 3 years...speeding...running stop sign...no insurance card etc...to me that indicates a failure to obey the law and follow the ...
Brandon Brown
Uneasy feeling about applicant
I hired a real-estate agent that we have worked with in the past to find us tenants. Recently we had an open house where we had a several potential applicants walk through and many seemed interested. One in particular...
Serge S.
SFR mortgages suspended for one year
https://apple.news/AFcOFEwVhQx2kC15f0FIqegFannie and Freddie ordered to suspend mortgage payments for a year, smaller banks expected to follow.
Paul Sandhu
Does anything illegal go on at your STRs?
There's a group of guys in one of my places. They are here for work. Every day after work they go fishing in a river. They don't have any licenses. I know they are catching fish, because I see them cleaning them. ...
Matt Blackman
Chicago Investor: how bad is split faced block?
Hello Everyone,Currently I am looking for my first rental property in the Chicago land area. While I have been canvassing the market it appears that the majority of the inventory has a split block exterior. So far I ...
Brent Davidson
Is it worth building a spec home in a downward market?
Some friends have conviced me to look at getting into building homes and selling them once complete. Would doing so be a bad idea, considering the timing of the housing market?
Even the NY Times has an article tod...
Art Maydan
Coronavirus & Tenants "Self-Quarantining"
I'm starting to run into tenants not wanting to accommodate showings, repairs, appraisal inspections, whatever. In Chicago, we can enter after giving 48 hours' notice. I always try to keep it amicable and make sure th...
Mindy Jensen
Title Didn't Relay Water Meter Install Requirement at Closing
A friend recently purchased a house. The water company told the title company prior to closing that there is no water meter, and one would need to be installed within 90 days of closing. Water company asked title to r...