Garrett Strating
401K Loan @ 4%...fund down payment and receive the interest?
Hi all! Been scouring the forums and web around this topic and wanting to see if anyone looked at a 401K loan from another lens. While I understand some of the drawbacks and implications of a 401k loan and the fact ...
Chris Armstrong
Thoughts about what to do with cash flow, reinvestment and growth
I just want to get the perspective of some folks who have a little more experience in this area than I do, I would love to know the other perspectives that I am not seeing. One of my favorite quotes is " you don't kno...
Jesse Streett
buying a foreclosure. What inspection's should i get done?
hey guys,So i put a cash offer on a forclosure $80,000 ranch style home built in 1993 it has been vacant for almost a year now. My dad is a contractor so the inside of the house is taken care of as far as remodeling w...
Susan McCormick
Land contract or option?
Selling a mobile in a park-no land to a young couple, want to finance for 6 years, 7% int., $1500 down, sold as is, pymts. 300 mo., they pay lot rent $300 mo and ins. (policy made to me?) and taxes. SO , Q: which is t...
Shewp Gittens
Calling all experts: Newbie trying to get creative
So I just listened to the BP webinar and am trying to figure this out. I live in Hollywood, FL and pay $1400 in rent. There are quite a few properties in the area for under $100k so the mortgage payment would be consi...
Rudy Ratner
Providing laundry for tenants
First time land-lording, so go easy on me :)
The area my property is in has coin-op laundry in the basements which seems to be common on other similarly rented properties in the area. I would deem the neighborhood a...
Michael A.
What is a reasonable price for replacing roof on a duplex
Purchased a 2500 sq duplex close to Dayton, Ohio. It has a shingle roof. About 3 layers. Roof seems to be in its last days and causing some moisture intrusion. I got quoted by one roofer for $6000 to tear off the shin...
Brad Chatman
Can I get a second opinion on this rental property analysis?
Hi All,I'm working with a house flipper/property manager and considering buying some of his properties. in his pro forma he shows this property at a 20.87% cash on cash return based on his assumptions; however, when ...
Steven Mitchell
how do you protect yourself from cut floor joints?
We recently bought a house, after getting two foundation bids, a stinker with cut floor joints. This added another 10k to the rehab and killed the deal for us. How do you guys protect yourselves from this? We talke...
Clarence Bell
Attorneys for Building Code Violation?
Hi everyone,I just recently received a building code violation summons from the city of Chicago and had a question. Do I have to appear in person or if I can have a family member represent me on my behalf and/or just...