The setup: Roommates A,B,C signed lease and roommate D agreed to move in a month later and add himself to the lease. B+C are a couple. A is me. A+D paid 2/3rd deposit under A's name, and C paid the other. B has no jo...
Hey Everyone,I'm currently in the process of looking for my first house hack on a duplex or a triplex. I'm planning on getting a FHA loan and are saving up for the down payment and reserves right now. But the thing is...
We have a NPL on a SFR property in Illinois with a foreclosure sale date next month. Borrowers finally came to the table for a loan mod earlier this month (they have been disputing the debt for a few years). They subm...
I PM just recently just evicted a tenant that has not paid rent for over 6 months and have damages to the property that could be in the range of 6-7K. I am asking if I should have the PM try to collect from tenant thr...
Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
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Hi All,A lesson I recently learned the hard way:I own several multi-family homes in nice neighborhoods, targeting young professionals and young families for tenants. At first we said no pets, but all of our best appli...
We just learned today, from a visiting real estate broker that the apartment we are renting in Connecticut is in forclosure. He didn't inform us and we paid him two months rent for nothing. Any advice on how to get ...
For those who have investments in self-storage or other real estate categories touted as "recession proof," how are your investments performing right now?One of the things that attracted my husband and I to invest in ...
Good morning all, we just bought a triplex in Phoenix which was fully occupied about 2 months ago. We assumed the lease of the 3 units, rent collected is way below the market average but we thought we will bear the l...