Mark Gruetzmacher
Foreclosure-Doublewide on land-Mold
Hey everyone, just thought I would run this by you guys and see what your thoughts are. I came across a foreclosure that was on the market for $35K. It was a 1999 28x60 on a basement and 1 acre of land in the city s...
Dan Fitzpatrick
Tenant Just Planning to Walk at End of Lease
I inherited a tenant when purchasing a 4-plex. He has been a problem from day 1 - 4 people living in a 1 bedroom, extremely dirty, does not meet scheduled maintenance appointments, infested with cockroaches, etc. Af...
Andrew S.
Has anyone successfully evicted a groundhog (woodchuck)? How?
I have been battling a groundhog in the backyard of one of my rental properties for quite some time now and I'm running out of things to try (very persistent groundhog...). The fellow lives in a fairly overgrown buff...
Jon Wu
Using coliving to BRRR my way to 24% cash on cash
Hey all,Wanted to share my story of my 3rd deal. At the close of the refi it was at 23.5% cash on cash and a 9.4% cap rate in a market where comparable multifam is trading closer to ~5.3%.I'd done two others (maybe fo...
Mark J.
Lessons Learned - Two Years in the Life of a Newbie REI
Well, hello there. It's been some time since I've been actively posting, so I thought I'd drop-in and update y'all on my experiences over the last two years.First, man I'm exhausted. But also exhilarated! Seeing the c...
Katherine Earle
Inherited Tenant Story
Ok, this is less of a question and more of an opportunity to learn from my mistake. In my lack of concern because they all had leases and we were paying cash (no bank requirement), I didn’t require an estoppel certif...
Julie Dillon
Single tenant found “passed away” in her apartment
So the police want to keep the apartment untouched until after they get the results of the autopsy from my deceased single tenant. After googling how long autopsy results take that could be 4 plus weeks.
Can they do ...
John McKinnon
The first investment, how do you transition existing tenants?
The offer on our first investment property was accepted today, time to start thinking like a property manager! Its an older 3 unit property with tenants in the first two units and the third is partially remodeled/demo...
Tracey B.
Are rentals really a smart choice?
On several other re forums this has been a topic of great debate. There's several "gurus" who claim investing in rentals in dumb. Feedback on this please. Why or why not invest in rentals. Aren't they a great replacem...
Mark S.
PMI: Knock It Out or Keep Investing?
Read an interesting article recently about viewing paying PMI and viewing it as an interest expense on a diminishing principal amount (as you make monthly mortgage payments and pay down principal and your PMI s...