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I have a buddy who bought a duplex in Chicago about 1 year ago using FHA loan, he has owes $58,000 but it’s worth $160,000. He recently lost his job and the bank won’t allow him to refinance and pull out any equity...
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Been listening to the podcasts for a couple years now...starting to become more knowledgeable and confident...I think?! Anyways, I hear Brandon turner say in the podcasts “just buy the first deal!” I know this deal is...
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I am renting a house that is going to be on sale soon. My lease will finish at the end of this month and I can move out or renew a 12 months lease while the house is on sale. My landlord will increase the rent 10% if ...
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Here is the scenario.
Due to a defect in the furnace it may have caused the a/c to run while furnace running causing a high electric bill. Tenant is asking to reimburse electric costs.
If it proves the case, how wou...
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Hi all, I've recently transitioned from lurker to active participant in the forums here, so thought I would formally say hi. My first purchase was 5 years ago, house hacking with my buddies as roommates. Knowing very ...
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Hi All,I'm pretty new to REI but I was wondering how most people who have done partnerships would handle a large unexpected cost in a rental property. Here is the example that I'm thinking about:I form a partnership w...
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I have a a tenant in a SFH and her lease is up on January 31, 2016...I'm not interested in renewing her lease...we've sent her a certified letter notifying her to that fact, but I'm concerned about her vacating by the...
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Several years ago, when I had less properties, every place I had was rented with people doing some specialty maintenance work at a refinery. I had the same 63 people renting from me for over a month. Now I have abou...
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I have a contractor asking for more money because of an estimating shortfall on a design/build project. He's saying he underestimated the electrical and plumbing. I'm not inclined to pay him more, but the project se...
I checked the website of Rentprep and Smartmove, it says you (landlord) can pay or the tenant. How does that work exactly? Do I need to collect a check with the application from the tenant and then pay it as I screen ...