Jimmy Chin
First rehab - contractor went MIA
Hey everyone,I'm currently rehabbing a property for rental and my contractor is now MIA. I've tried calling, texting, and emailing but I'm not able to reach him at all. This has gone on for a week now and he has left ...
Matt Shields
Real Estate Professionals. Please Read. Are we legal?
Recently my account was temporarily suspended for violating the forum rules because I had a link to the following disclosure, but I was only trying to reduce my liability and stay legal: Arizona law regulates how r...
Mark Ferguson
Update on me and my flips including a $500k + purchase
Hey everyone, I have been busy this year and have not had a lot of time to post on here. I thought I would post a quick update on what I am doing. 1. I am up to 16 rentals. I bought five more in 2015 and plan to buy 1...
Cameron Riley
Do you Run a Credit check; Why Or Why not?
- Credit Checks are a major deciding factor? - Have you ever had success without running a credit check? - Great applicant, with poor credit, that’s the only issue, would you take a chance on him?
Joe Au
Good Debt vs Bad Debt
Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
Paul S.
140k at 1,250 rent
There are many properties for sale in my region, but may not cash flow. Here is an example (remember that this is California)
$140k for 1,400 sq ft
3 bedroom, 2 bath
Rental rate = $1,250 a month
At 20% down, that w...
Joy May
Government taking over property ownership
I’ve heard rumors about plans the government is getting ready to set into motion that will force home owners to give possession of all private property over to where no one will be allowed to own their own homes. As s...
Account Closed
Zillow officially enters the house flipping business...
The full story is on Bloomberg.com here: Zillow wants to flip your house should you want to read all the details.For those with TLDR syndrome the gist of it is:Zillow has now joined the ranks of high tech real estate ...
Randy B.
Does updating a rental property tend to bring a higher caliber of renter?
We have two 4/2.5 SFRs in Murrieta, CA that were built in 1988. They have never been updated so they still have those ugly oak cabinets in the kitchen and bathrooms as well as the old fixtures and plastic shower/tubs ...
Matthew Von Dwingelo
How We Purchased a $650k Triplex with $0 of Our Own Money (pt. 1)
First things first, I am in no means an expert nor am I an attorney (Consult an attorney & please don't take this as legal advice)... I just figured that there are some learning experiences in this deal that may b...