Will K
Closing Costs Seem High...
I am looking at purchasing two 3-unit townhouses as a package deal. Each townhouse is $90,000 each, for a total of $180,000. I am going to get a separate mortgage note for each property.
I talked to a bank the other...
Roger Doe
Making Bank Happy
What do banks look for? Are there any loan officers/underwriters here that can chime in?
Here is what I know. I believe that loan officers make about 1% on loan amount. So, they are always looking for solid invest...
Randall Degges
How to Handle Business Banking / Bookkeeping?
Hi there!I'm a new REI and am closing on my first rental property (a SFH) today. I'm also closing on another in a few weeks. I'm planning to acquire 20 properties over the next year and a half or so and have funds set...
Johnny Situ
What kind of application/app/software do you use for your rental property management?
Hey guys,What kind of application (desktop or mobile) do you use for managing your properties? I am kind of a old-fashioned guy who is using Excel to do all the calculation and book-keeping, I think it's time to try s...
Kwabena Dean
Tenant Uncooperative on Move out.
I have a tenant that is supposed to be moving out today. She is giving me the run around on turning in the keys.Backstory: We started the lease under a property management company. The tenant was always late with the ...
Dawn Anastasi
Why I won't take double security deposits for bad tenants
I read advertisements for other landlords' rental properties. Sometimes they say "if you have any evictions, it will be a double deposit". I wonder, why accept more money just to take on a bad tenant? I think those ...
Sabrina H.
Want to setup an LLC in Colorado (partnership with my mother) for investing in rental properties
Hi! I'm fairly new to the site (been browsing for a week or so) and haven't landed on exactly the information I'm seeking, so I thought I'd post my questions instead.
My mother sold her house in the southeast recen...
Account Closed
Lakeland, Florida - non paying tenant, how to collect money owed?
So I have a tenant in a house my LLC owns in Lakeland Florida that isn't paying. He didn't pay December and was pulling my PM by the nose that he'll just be little late which became "I can't afford this place anymore ...
John K.
Cool things you do that others don't?
Does anyone as a landlord do anything they have thought is cool and has worked out well?
For example, I had refrigerator magnets made for our property management company with the phone number to call for iss...
Christopher Sica
"Investing in Duplexes, Triplexes, and Quads" The Book
Hey all!
I just about finished this book and found it to be pretty incredible to read and learn from. For any newbies out there like me, this book was really helpful and explaining how people build and creat...