Account Closed
Fee for late rent
How soon do you guys start charging a late fee for late rent? I used a standard lease form that my agent provided and it says rent due on the 1st of each month. Then 3% late fee if more than 10 days late. Is that s...
Justin Garrett
Closed on a small apartment deal! 16 units
Hello,
I just closed on 16 units (creative financing) taking my total to 19 units and I am having a freaking blast it's a rush hunting the deal working another 8 unit now. How ever I do have a problem units are in a...
Chrisna Ouk
Cold Calling for Leads Help
Okay, so I'm quite frustrated about Wholesaling, learning everything was extremely easy for me, I familiarized myself with Real Estate and the steps necessary to close a deal, I feel totally prepared, because I did, I...
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Sean Cohen
Help deciding on an investment area
Hello BP ! My name is Sean and I'm a 21 y/o noobie investor from Israel. First of I wanted to thank this amazing site that helps me enrich my knowledge on a daily basis. My main goal is to become a buy & hold in...
Connie H.
Should we buy a single family in very expensive towns in MA?
Hi there,I posted here as a new member 8 month ago. Basically, we finally sold our negative cash-flow condo in south MA and at least got our loss stopped. We plan to buy a single family in a very expensive town - Well...
Adrian Jones
90 Day Flip Rule: In Need of Clarification
Good Evening Investors,Question. I closed on a house on 12/15/2017 and began renovations immediately, with plans to resell. The transfer of deed did not get recorded until a month later on 01/16/2018. I believe the 90...
Joshua Paul
Is Investing in 4 Plex with FHA loan a good idea?
I have been playing around with the numbers and I've found that using an FHA loan (which I am confident I qualify for) I can get a 4 Plex and have a really solid cash flow. This route is very attractive because of the...
Jerry W.
Eviction Moratorium struck down by SCOTUS
Yesterday the United States Supreme Court struck down the latest CDC Eviction Moratorium. They had already signaled in an earlier court case that it was not legal, but left it in place as it was going to expire soon ...
Dustin Crawford
Homes priced well above appraisal
Why are homes in my part of east Texas all priced above appraisal? Even my current home would sell at least $30,000 above its appraisal. Is this normal? It's hard to really do the BRRRR model if everything is already ...