Michelle Chevalier
Confused about conventional versus DSCR
I am trying to purchase a second SFH investment property. I have one SFH rental that I purchased in 2021 using FHA (it was my primary residence at the time). I am trying to get a conventional loan this time around for...
Christian Brodin
12 Must Knows for Your Property Management Agreement
In 2012 we hired a management company to manage one of our out of area properties in Illinois. What initially looked like a great match turned out to be a disaster, and we had to terminate the company after just one m...
Mark S.
Family Bank - Anyone Doing This?
I just finished reading The Debt Millionaire by George Antone. Decent book (although I would recommend The Value of Debt in Building Wealth by Thomas J. Anderson over this one - somewhat similar concepts). The autho...
Account Closed
Help With Mobile Home Repairs PLEASE!
We just got our first mobile home deal, and are looking for some guidance on working out the logistics of doing mobile home repairs. We are to instruct Contractors/handymen that we solicit to NOT include costs of ...
Cheryle Patterson
Tenant installed window AC in utitlies furnished rental
I have owned a 16 furnished room (dorm style) rental property for 14 years and never had a tenant do this. We rent the rooms for $395 per month and it includes power, water, sewer and garbage service. We keep the A/C...
Jeff L.
Do I need to hire an attorney to create an LLC?
I need to create an LLC for financing as well as liability reasons. This thread isn't about the pros and cons of forming an LLC.Rather, my question is:Should I hire an attorney to do it "right", or is it good enough f...
Jeff V.
Purchase with Bond for Deed with a Lease Option Exit
Hello Everyone...I would like to get some insight/advice on my strategy.I've been doing some digging into lease option strategies lately. Recently Read Wendy Patton's book on Lease Option and Sub 2... Most of her ma...
Kevin Laurion
New Member Looking to Network
Hello,
My name is Kevin Laurion and I want to introduce myself to the Minnesota forum group. You can take a look at my profile for a quick background on my family and I as I don’t want to bore you with that. Haha.
...
D Higgs
How often are you expecting Property Managers to walkthrough
Let's say you have your property, and everything is going according to plan with your REI. How often do you want your PA doing a walkthrough of your tenant occupied units? Is this allowed? If so, is there a difference...
Nick J.
Bank Of America Conference Call, DON'T MISS THIS!!!
So.........................................Here's the deal.
I know a really really really smart guy. He's what I'd call an 'actual expert' for Bank Of America.
Well, recently, I went to him and said, handle all my...