Larry Hucks
raising rent new section 8 landlord
Hi guys,I am in escrow on a house with a house currently occupied by a section 8 tenant in Los angeles county (Lancaster, CA). The tenant is on a month to month lease, which I am thinking about continuing after closin...
Mark Smith
Should I Kill My 401k?
I've been listening to Set for Life, by @Scott Trench. Great book! One of the things discussed in the book is how a 401k locks up part of your income, and that if you aspire to reach early financial freedom then a 4...
John Pruner
Deal gone bad, need advice please
Hi,I came into contact with an Atlanta rehab/investor named Andy on BP in Feb or Mar of this year (2014). He had a house for sale in Altanta that needed some major rehab work (about $15k). The house was not in a great...
Sophia Boro
Why do some investors allow unpermitted work?
There are obvious benefits to acquiring properties that have permitted work, but I want to see if anyone can explain why some folks allow unpermitted work. My curiosity includes how timeframes are affected, the listin...
Andrew O.
Does owning RE question your sanity?
Good afternoon,I was just curious how everyone handles the stress of owning rental properties? Owning RE sucks. I own and manage 20 units all on my own while working full time with a family. This past year has been...
Jonathan Yeh
What would YOU do if you have a large sum of money?
I've been thinking what people would do (or rather, what's the best thing to do) when they receive a lump sum of money for whatever reason.
Would you...
1. Pay off your primary residence (90-100%), and invest the re...
Jeff S.
Living off rentals
While listening to Barbara Corcoran she emphasized the need to have other income while building your real estate holdings. I wonder how many actually live off rental income alone without having put in years of buildin...
Jim K.
Six days before leasing signing, ceiling caves in!
Picture it...Pittsburgh, Pennsylvania, home of old houses with serious problems and the people who live in them. At the end of October, the bathroom sink upstairs springs a leak. The leak flows across the tile floor a...
Brice Hall
A lot of people are being misled
What's up with all the low income, cheap property "deals"? "I bought a house for $30,000 and rent it out for $700! I'm going to make a great return!"You are completely neglecting future CAPEX. What happens when you ne...
Diane G.
I want to wait for the next buying opportunity
I am thinking I won't have to wait for more than 1-2 years... Your thoughts?Most of my coworkers, especially those in the early 30s, have bought and have a mortgage that is $10K in monthly PITI... Tough.....Any job lo...