I currently have a 1rst floor tenant who has been a reliable payer of the rent for the last 2.5 years. They pay 1050 for a 3 bedroom apartment that currently would rent for around 1450-1500 in the present market. ...
1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.
Hi all,
This is my first post on BP - I looked around for similar questions/answers and couldn't find a good match so I figured I'd go ahead and post; hopefully this is the correct forum for my question. First, a li...
Hey guys - we just started renting out a unit and have someone who is interested but refuses to do background checks (says: I am not applying for a job - why should I do a background check). He claims to have sold his...
We closed on a triplex in March. The old landlord informed us the first floor tenant is always late but always pays. I don't like the fact that he's late all the time. It's now March 9... He texted me and said he shou...
I was thinking of writing into my lease that tenants are required to pay rent through an online rent collection website. Can I legally require new tenants to pay rent online and that no checks/cash will be accepted?
I have a question for investors who are experienced in both "Subject To" and "Wraparound Mortgage" deals.
I have a guy who wants to mentor me in the following investing strategy:
- Put a house under contract for a ...
I am a new investor in the Tulsa, Oklahoma Market and I have been studying real estate for about 6 months now. My first investment was a partnership on a flip project. We are about two weeks away from completing the r...
I own a nice home in a nice area. Similar house on the corner just closed for $710,000. 3 bedroom home, 2.5 bath, nice but really kinda basic. It's a great neighborhood and the best school in the county is just dow...
Hey Everyone -
I was just reading a new member introduction from @Howard Scarrott , where he mentioned the challenges of investing while working full-time and I thought I'd solicit advice from the rest of o...