I am in the Tampa Bay area and Wall Street has completely screwed things up here. They have pumped so much money into homes here to rent them out that the inventory is now just crack houses. I am sitting on money b...
I just had to evict some tenants, and they told me that if I get a judgment against them, they'll "just file bankruptcy so [I] never see a dime."My first instinct was to laugh out loud, but then I thought, "Hold on--t...
I'm applying for a $125,000 construction loan. Lender wants 1 pt. and is offering 5%, due in two years.He wants the 1 pt. ($1250) upfront. I told him I'd prefer it be deducted from loan proceeds. He claims it's refund...
Hi guys, I’m new to investing and currently House Hacking my first property. I am preparing to purchase my second property by studying and learning as much as I can of different strategies while I explore the possible...
Has anyone every heard of analyzing a rental property by taking 26% (or 74% of the monthly rent) off the monthly rent and multiplying by 60 months to come up with an offer price?Ex: $500/mo rent x 74%$370 x 60 = $22,...
Looking for suggestions/recommendations for locating mom/pop owned multi-family apartment buildings. Can you purchase lists of these owners? If so, do you recommend a reliable source? Any other resources for findin...
This house is in a B - neighborhood in a suburb of Cleveland. The deal is about to close so I am not getting excited about the rehab I am looking for some specific tips on what most investors do.
1 - My close friend ...
Any advice on how to research vacation properties? I’m looking for a lake house property to have for ourselves and rent out when we aren’t there. I’m currently tracking properties that have sold in the last 90 days wi...
For those who don't like the humorously-dry-but-occasionally-dumbluckwitty-medium-winded-yet-have-some-gold-nuggets-here-and-there-but-will-probably-take-time-away-from-your-couch-potato-teletubby-tv-time-kind-of-post...
So i pulled the trigger on 1000 postcards from yellowletters. I went with one of their templates. I've downloaded Sharon Vornholt's script and a couple of others and a rehab checklist. My dad and two uncles run a c...