Rashad Jones Jennings
Looking to purchase a Quadraplex. Here are the numbers.
I’m an agent and 1st Time Real Estate investor and I want to run this deal by you all. The quad is in a good area and fully occupied. It brings in $3,150 Monthly in rent. Estimated mortgage payment is $2,400 Monthly. ...
Chad Mayo
Am I forced to get licensed or hire a licensed contractor?
Does anyone know if I would be forced to hire a licensed general contractor in Louisiana for a rehab on 1300 sq ft single family residence if it's not my primary occupancy? What about other states? There's no structur...
Chris M.
Property Manager unauthorized nondisclosed fees
My property manager just sent me rental statements. She charges an agreed management fee. However every month since i hired her in January she has added erroneous, unauthorized non-disclosed fees which she takes out...
Corey Ascolani
Small IL City will not release insurance funds after property sold.
Hello, I am having no luck having insurance funds released by the local City. Below are the facts. Location: A Small City south of Champaign/Urbana about 45 mins drive.Initial Date: August 2022 A Fire happened at a SF...
Tim O'Brien
Analyzing whether to sell or rent out
I'm wondering how one would consider cash flow in a cash out refi. Do you use the new mortgage payment for cash flow? my situation; have a house worth ~$290-310k. refinanced and have about 51k in cash out, and a PIT...
Cheryl C.
Tenant using security deposit for last month's rent
I'm really annoyed at a petty tenant whose lease is ending. I was wondering what, if anything, you fellow LL's would do. A middle aged doctor rented a property from me as a weekend retreat. His lease is up the end ...
Account Closed
How would I find the ARV on a property with comps that haven't sold in the last year...
I absolutely LOVE BP... (Had to put that out there)I found this REO that needs a full rehab... I would like to flip it. The realtor that showed me the property only found two properties, one with less square footage t...
Scott Weaner
Unit Floods Right After Lease Signed!
My new tenants unit flooded 2 days after signing the lease. It was caused by a clogged AC drain line. This has required removing carpet from 1 of 2 bedrooms, and will require replacing laminate flooring in a large par...
Brandon Stiles
Insurance on flips when acting as GC?
I've read up on a bunch of posts about insurance for flips but most of the answers were very specific to the individuals situation and I wasn't able to find the info I was looking for.I'm going to be buying my first f...
Ron Hetor
New Maryland Realtor wants to start wholesaling
Hello,I'm new to being a Realtor (about to take the PSI test) and I'm new to investing...could I be any greener? I'd like to start wholesaling through my own marketing efforts and have some questions before I begin. ...