Austin Hughes
Move in Day--Tenant slaps dog on video :D
Today was move-in day for one of my tenants. They decided to bring their dog and pay the pet fee and pet deposit. They were "shocked" about having to pay so much for the deposit, but went ahead with it anyways.We sign...
Samantha Klein
Depreciate or expense... property in service day of closing
My question is for the CPA's here...I bought a duplex on July 11th this year, both sides were rented when I took over. I gave notice to both sides because they were under market by several hundred dollars and both uni...
Eric Pierpont
The 15-day rent payment grace period in Maine
I told my tenants they would not be charged a 4% late fee until 15 days from the time payment is due. The 15-day grace period is state law which I will abide by. So now tenants do not pay me until the 13th or 14th of ...
Nicholas Baker Wood
How I turned $10,000 into $90,000 in 30 days!
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $321,000
Cash invested: $8,500
I assisted an investor in purchasing the next-door 8 unit building for an extr...
Steven Perry
$22k First Flip....close to close in 50 days
I am a newbie to the REI world. I closed purchase on my first flip property January 16th. We purchased it with a 6 month signature loan from a local bank with a .5% fee and 6% interest only. ARV Estimated at $215k ...
Dana Brown
A day in the life of a flipper/investor
For those of you who consider yourselves pretty much dialed into the process, what does your day look like? What do you spend your time doing and in what proportions. OR what do you know is the best way to spend your ...
Jeff Filali
Sold another flip today... $12K profit in 45 days
Sold another flip today for a decent $12K profit within 45 days. Was a smaller 2 bedroom property, but the numbers were good enough for a quick update, flip and cash out and will make a good rental property for the n...
Scott A.
How to rehab a Flip in under 30 days
Here's my proposed rehab schedule for a 3br/2ba ARV in 150K range... rehab in under 30 days: *I only use supplies in Stock. I also screen subs well to ensure they will work my timeline before i hire. If they do not ...
Noyessie Hubert
Seller in the eviction with tenant day before closing
Hi,I went over all the fight necessary and the expenses to be able to close. 1 day before closing, when doing the last check, my agent ( who is the seller agent ) mentions that one unit is not vacant as requested in t...
Julie Muse
Swift Flip Success: McDonald St. Profits in a Day!
Investment Info:
Single-family residence wholesale investment.
Purchase price: $10,000
Sale price: $25,000
Contributors:
Peter Vekselman
We purchased a property on McDonald Street, Bl...