Larry Spradling
Advice on a horrible situation
Two years ago, I was brand new to real estate and transferred my IRA to a self-directed IRA. I was introduced to a company called Growth Equity Group that specialized in turnkey rentals for folks like me who had IRA ...
Rob Barry
Where did I go wrong? Section 8 Horror Story.
So In late 2018 I bought a package of five of those small brick houses you see all over Georgia (less than $70k each) and had the brilliant idea to renovate them and rent them out via section 8. Today I got a $14,000 ...
Cory Iannacone
From 2 to 18 Units ($1M+ in Real Estate) In 12 Months Using OPM
What’s the easiest way to become a millionaire? Buy $1M in real estate and use other people’s money (“OPM”) to pay it off over the next 20 years.
Prior to November 2017, my real estate portfolio consisted of one dup...
Sylvia B.
Hello, I'm a slumlord
We had a conversation with a guy today and it went something like this:"Hey I saw you hauling some lumber the other day. Whatcha building?""We bought a rental house and I was fixing a safety hazard." (Concrete step at...
Glen Fagin
Patch of Land - Update
I am interested to hear how many of you have actually invested in POL and how your investments are doing. So far I have invested $105,000 in 16 of their loans with various investment sizes ranging from $5,000-$15,000 ...
Michael Beur
DST(Delaware Statutory Trust )
Hello to everyoneIs anyone familiar with DST? Has anyone used it in the past or currently and which sponsor been used and how has the outcome and experience been?I am in the process of selling few of my rentals and d...
Michael Goldsmith
Are Zestimates as Inaccurate as We're Being Told They Are?
One of the first things I learned when I started studying REI, was that the estimates on realty sites like Zillow, etc. were wildly inaccurate. But are they, really? And even so, does it really matter? Let's go ove...
Leon Green
Property Management Fees: Conflict of interest?
As a property manager I'm familiar with many trends in fees/revenue generating practices that property managers charge. Some of these practices do not align the property manager and property owner's interest. For exam...
Josh V.
Cost to replace kitchen faucet?
One of my rental properties in Kansas City is managed by a property manager. My recent monthly owner statement included a $443 charge for replacing a kitchen faucet. Seemed excessive to me so I got a breakdown of th...
James Sloan
Contractor wants a 50% Deposit
Should I be worried if a contractor wants a 50% deposit (initial payment) on a 15 K interior paneling project? The material cost for this project is very linear over time. The first 100 square feet of paneling costs t...