We all know Cleveland Population is Declining every year. I hear a lot of reasons, but other than jobs as being the main reason, I cannot seem to find other reasons that make it reasonable for the declinning populatio...
@Brandon Turner and others often talk about making sure you have cash flow AND equity going into every buy-and-hold deal. But are there any circumstances where you'd pay full retail if the cash flow is good enough?The...
I was picking up the rent from one of my tenants tonight, and it occurred to me when they pulled up....every single one of my tenants has a considerably nicer car than me. Also almost all of my tenants (Except the one...
I have 15 rentals in Colorado that I have bought over the last five years. Most of the houses I purchased from $80k to $130k, made repairs and rented for $1,200 to $1,600 a month. I looked at my last couple of purchas...
About 6 months ago I reached out to my property manager in writing and ask them to raise rents on all my properties by $25. I reminded them to do this about a month before each lease renewed. When I got my lease re...
I'm curious if anyone on this forum has had success with out of area or out of state rentals over the long term. Investors in expensive parts of the county often have to go far away to find good cash flow and good nu...
I was pressured to place an auction bid on behalf of an acquaintance of mine. I didn't want to do it because I wanted the house for myself, but he told me he would hire someone else (and outbid me) if I said no. ...
Welcome back our Question of the Week!
We took a short break from our weekly question while we rolled out the new forum design. Thank you to those who have provided feedback for continued improvements. Our community ...
What's up with all the low income, cheap property "deals"? "I bought a house for $30,000 and rent it out for $700! I'm going to make a great return!"You are completely neglecting future CAPEX. What happens when you ne...
My name is Ami and I have made a pretty big mess of things. Here are some details of my life:- Sales Manager of a sales team in the IT universe earning about $85k/yr- Wife has an office job paying her $60k/yr- We owe...