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Houston Flood Damaged Homes - What will happen to them?
Hi Everyone,Due to the extent of the flooding disaster in Houston, there are going to be a lot of flooded homes. What is going to happen to them? There are going to be many distressed sellers. Many homeowners will wan...
Kyler J Sloan
Represent Myself and Seller as a Dual Agent
My neighbor wants to sell me his house and I was wondering if it is possible for me to represent both of us in the transaction as a dual agent? Thanks.
Burt L.
What is DSCR Lender Really Looking For On My Bank Statements?
In seeking a DSCR cash-out loan, I've learned that lenders want to see bank statements. I had thought DSCR's were only property based, but lenders I've just begun to contact are saying I need to provide bank statement...
TaRa Mehta
Hesitant to allow pets, but want to!
Can ya'll share your "lessons learnt" about allowing pets in your rental property ? We have only had one rental property so far and have always had a "No Pet Policy". Now I'm getting ready to market my second one and ...
George P.
my commercial agent: "over 8% CAP does not exist"
i have been working with an agent that has been working on commercial RE only for the past 10 yrs. he is an older guy, around 76. we looked at a few properties together and when i told him what i was looking for "arou...
Adam Faber
How much would you pay for a virtual assistant?
Hey everybody! Quick question for you guys -So I know this isn't a new idea, and it's been floating around in my head for a while, is there a need for a good virtual assistant for vacation rentals? I'm talking about a...
Darren Wendroff
Purchasing Rental in Detroit, advice?
Hi all, I'm looking to purchase a rental in Detroit. It's in the 48238 zipcode, close to the University District and Marygrove College. It's a 3/1, 1400 sq feet and renovated. It's about $35k, all brick, no central A/...
Michael Johnson
Renting to college kids, owner occupied/ how liable am I?
Im planning on buying a single family house in Fort Myers, Florida, and rent it to college kids. Rent out the rooms and I'll live in the garage (dream come true kinda).NOW, if I tell the tenants, "Sure have people ove...
Tom Wallace
LLC for rental properties?
I currently own 3 single family properties which I rent out. I am in the process of trying to secure more. I have a simple DBA. I am thinking about forming an LLC to provide myself some protections. At the same time,...
Ian Clayton
Making Cash offers and rehabbing with money partner
I'm going to start doing buy/rehab/sell deals with a money partner. We'll be 50/50 profits and losses. The purchase and rehab will be funded 100% from his money. I will be doing all of the finding and project manag...