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Background
I started my journey with REI Nation (formerly Memphis Invest) in 2019. At the time, I already owned a few properties. While they generated some cash flow, I found the effort required to manage them wasn’t...
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I wanted to just post my experience from the last two years of being a landlord in Washington, D.C. In addition to being a landlord, I am a police officer. The beginning , the first three months after the purchase I h...
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Economic Update
(Monday, July 20, 2020)
In a previously unimaginable turn of events, the ...
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I’m looking for advice /guidance on countering a price quote I received for a Tax Deed in Mobile, AL to gain ownership of a vacant lot. Scenario (real): price quote came in for $3000 on a tax deed for a vacant lot whe...
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I am currently under contract for an SFR in Texas. The house was recently remodelled but after the inspection, there were some issues found. Although the cosmetic finishes look quite good, there are some fundamental...
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I see that there are a million companies buying Land Contract notes. What is the standard percentage they pay? Based on the following, $30k note(balance) with 8% on a 10 year note.
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I made an offer of 130k on a duplex that was listed for 200k, it was approved by the seller and we began escrow. However, the appraisal came back at 136k, I'm wondering what I'm missing here? My intension is to use t...
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Hi all,It seems some property managers look to charge one months rent to find a tenant, on top of the 10% of rent collected. Is that normal? It seems that a property manager should be incentivised to keep tenants long...
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We are all familiar with issues related to service animals (specially trained and certified dogs) and assistance animals (such as emotional support animals of any species or breeds).This post suggests a compromise res...
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I have about $150k to invest into my 5th property. I am leaning towards and all-cash buy in Memphis with a fantastic turnkey operator. My focus is on cash flow. What am I not thinking about??I am leveraged on the othe...