John Snow
Formality of an offer
After overworking every number possible in a possible flip property, I'm ready to make an offer on a property. I'll be meeting the homeowner Monday to discuss that offer. I came across this property prior to it bei...
Mary Jay
What is the proper way to deal with the security dep notice if no forwarding address?
The tenant broke the lease and moved out and left a mess
I sent the message that the secutity deposit is not enough to cover the expenses after the tenant moved out to the last known address of the tenant (which is m...
Chris Rose
About to close on first 4 plex, inheriting 3 late paying tenants
I am about a week from closing on my first rental property, a 4 plex apartment with 1 vacant apartment and 3 apartments rented on a month by month lease. The current owner inherited the 4 plex from his dad after he pa...
Erich Henson
Had house fire. Board up company did work without my permission.
I'm looking for a little advice. I received a bill for $1000 after a house fire on one of my rental properties. The company says they boarded up my house because the fire department called them after the fire. I ne...
Levi T.
Towing Tenant Vehicles When Rent Is Late
I had this idea I've been malling for about 5 years now, it's related to car title loans with process collections, it's always been complicated so I never got past the legal phase... but then the other evening it hit ...
Gabriel Ehrlich
Million dollar opportunity
I have been approached by a family to help build a real estate business with them. They propose a 1 million dollar investment to begin with. If we are profitable the first year they will add another million, and this ...
Jason Chen
Insane 20 room motel deal
I have an interesting success story to share.A number of years ago, I posted about a 20 room motel in Central Florida that was a bank foreclosure listed for sale for $160,000. I ended up winning the property for $180,...
Tzvi Balsam
Getting calls do not know how to handle
Hello,I just sent out my first mailer using @Jerry Puckett In NJ somwhere.I started getting calls yesterday and it is a disaster, I will try discribe all the issues one by one.Someone calls while I am in the car I ans...
Joe Splitrock
Happiest Places to Live and Most are in California!
I am always interested when "best places" lists are published to see the effect it can have on growth of cities. I know in my city of Sioux Falls that when we have made it on many lists and it attracts people to reloc...
Mitch Kronowit
HML actions in case of default
Originally posted by Jon Holdman:I'm taking back a house this week because the borrower hasn't been able to sell it.
Jon, sorry for the thread drift, but I've been wondering, when the lender (you, in this case) fore...