Aaron Helmholdt
Where flippers find their properties
This post is for all the rehabbers and flippers out there. I have a long term buy and hold strategy but have recently been interested in learning more about flipping and doing maybe 1 or 2 flips a year. I want to ...
Hendrix P.
Where Should I Have My Tenant Send The Rent Checks?
I'm in the process of purchasing my first rental property and trying to get all my ducks in a row. As of right now I have't settled on a property management company and not sure how long it will take to settle on one....
Brandon Ness
Tenants Making Rent Payment
This is my first rental property- a duplex in Sioux Falls, SD. Inherited one tenant, who has been good so far. The other tenant I moved in; fully vetted, including employer reference and last 2 landlord references, al...
Peter Schiff
Feedback on harsh mortgage terms
I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...
Nick L.
Subject-to - seller paying the 2nd mortgage - what should contract look like?
Hi. I am working with a seller on a subject-to deal. Here is the info:
Owes 47k on first (payments = 387/mo PITI)
Owes 7k on second (payments = 90/mo PITI)
The seller has agreed to continue making the payments on ...
Ricardo R.
Pro-rate or Not to Pro-rate last month's Rent
Have a question for you guys and seeing if you can help me out.... We have tenant's that are moving out mid-month 16th. They gave us a 30 days notice (as per the lease). Our lease specifically states no 'partial payme...
Account Closed
selling "shares" of real estate
My brother's family owns a few very nice homes in a resort market that he rents out. The rentals are primarily during the summer season as that is when people visit the town. Of course, they are having a harder time w...
Marky Suazo
Almost BRRRR: following up on my second deal
A Brief Introduction
I’m sure many of you can appreciate the blissful feeling of completing a deal. There is an unrivaled joy you feel from receiving the first rent check or when the funds from a flip/refinance final...
Page Huyette
REO: Should I show investment analysis to the bank?
I'm considering purchase of an REO triplex and am wondering if it's prudent to share the investment analysis from my agent to the bank I'm hoping to secure financing from (not the bank that owns the property)? Her an...
Elizabeth J.
Managing your own multi-family property in Chicago
My husband and I are looking to purchase a multi-family property in Chicago. I plan to be the property manager, though we no longer live in the area. I plan to coordinate all of the maintenance/upkeep and have peopl...