Thomas DeMoss
Rental Payment Procedure - tennant make bank deposit
I need feedback on this method of payment for tenants. I have given them my business bank account number and instructed them to take all payments to the bank and deposit them either by check or cash. Then send me a...
Justin Silverio
Security Deposit vs Last Month's Rent?
I'm new to landlording so please bear with me.
I'm closing on a condo in the next month and I'm not sure if I should collect last month's payment or a security deposit. The condo is in a low income area so I don't...
Jorge P.
Water coming into My Basement Rental - AHHHHH
Pic #1: This is the water I found in one of my rentals that’s about 5’ below grade. This came AFTER we had finished doing a foundation waterproofing around the perimeter of the house! - How could this happen!?I had t...
Alex Scattareggia
Any Insight/ Unexpected Scenarios on a potential Boutique Hotel purchase.
I apologize for the length of this post up front. There is a lot of info to unpack, and I am really looking for some help from folks with experience in a property of this size. This is a property that I have been int...
Remone R.
Seller hasn’t signed termination of contract
So here’s the deal...
We are technically under contract on a property in Texas and a few days before we were to close we got the appraisal back and it came in 8k under the contract price. Now since it’s a fha loan we ...
Harry Walker
Are you legally wholesaling?
It's been a while since I've been in real estate. Just really getting my brokerage back up & running. Needless to say I've been bringing myself up to speed on the new laws and surprised at how many people are br...
Katharine Chartrand
How do I serve the Bank of America
I had a purchase contract with the Bank of America on a house. They "cancelled" the purchase contract and told me I am not getting my deposit back. They are not in a strong position legally, but they will likely be ...
Michael Ealy
From Bankruptcy to 1,000 Units (Part 3 - How to Build an Empire)
Here’s Part 1Here’s Part 2I will answer the question: how I went from 1 house and an 8-unit building to over 1,000 apartment units and more importantly, what I learned along the way. I share my story NOT to brag becau...
Caleb Haynes
I keep getting outbid on home offers I’m making
I keep getting outbid on home offers I’m making on single family homes. HOW MUCH OVER ASKING PRICE DO I NEED TO OFFER?I’m looking in the Tyler, Texas area, doing a conventional loan.I offered day of, full asking price...
Brandon Sturgill
Guaranteed 21% Annual Appreciation? Columbus, Oh?...where else?
How is your MF market price appreciation?I hear a lot of folks claiming their market is on "fire", but nobody ever supports that with data...our local MF market in Columbus, Ohio has appreciated at a year-over average...