Jimmy S.
Would you rent to a section 8?
Long story short I never dealt with section 8.
She is a single mom with 5 kids, yes 5 kids. Right away I can see the kids damaging everything. Rent is $1050 a month and section 8 will pay for $800+ each mon...
Mahesh Sam
What is different about Chicago Multifamilies
Of all the major cities in the US, Chicago seems to have MF listings that have numbers that look better, at least on paper. I can find multiple listing in the 300-500k range and have 9-12% net cap. No other city has ...
Angelique F.
So I jumped on the band wagon and bought a fixer upper..........
I was told all these wonderful things about how I would get my money back for the work I put into the home. Ahhahhaha, no, that's not the way it works. You got repairs and you got improvements and only the REPAIRS c...
Matt Devincenzo
Cold calling for note leads
So I've begun researching purchasing notes, and found a few different threads with the suggestion of cold calling people that are in contact with note holders. Bankruptcy attys, financial planners, CPAs, title compani...
Shaun C.
My First Flip. 8 months and Counting and Hopefully $150k Profit
This is the After:This is when we bought it:This is going to be an in depth write up of the work we completed on my first flip, located in a wealthy suburb of Detroit that will hopefully net us around $150k (eat that ...
Jimmy S.
How would you handle this?
O boy here goes try to make a long story shortHad first, last and security upfront.Couple moved in july, he was arrested in september.Rent was due September 1st never paid still as of today. I was forced to use their ...
Jerry Benson
Tenant threating to Sue
I'll try to keep this brief. I have a rental property in Charlotte, NC and the gas fireplace hasn't worked for awhile. While my property manager was in the process of getting an estimate, the tenant (without approva...
Stephen Dispensa
The Property Management Fee that can actually make you MORE Money
Property Managers and their fees are an almost unavoidable part of building a real estate portfolio. But what if I told you that your property manager can charge you a fee that will actually make you MORE money in the...
Billu Lal
Scammed by restoration company
I live in Katy, texas. We had a leak under the kitchen sink and i raised an insurance claim. I called a restoration company to mitigate and they had me a sign a contract which sounds like assignment of benefits AOB (...
Ria Lamb
Putting a 1031 exchange property into an LLC (3 years later)
Three years ago, my husband and I did a 1031 tax exchange for a rental property. The property is still a rental property and will continue to be, at least for the forseeable future, but I would like to put the propert...