Nick Tarantino
How should a person invest in real estate as a beginner?
I know a person who has about 140k to invest. This person has an interest in rental properties and flipping houses. If they want to make a living off passive income from real estate, how do you think they should get s...
Eric Gard
Should I purchase it?
I'm going to check out a 2 bed 1 bath mobile home tomorrow. Everything sounds good, he had to move for his job. He is asking $8000 or $3000 down payment and make payments.
The mobile home is a 1972 14x60.
He comple...
Jason Graves
Helping 15 year daughter buy first house. Wife’s not a fan
Today we entered into a contract to buy a 3 bed 2 bath House in Kansas City Mo for $145k. The house will rent for $1500 to $1700 per month.I’m teaching my daughter how to create a monthly budget and will set up a sepa...
Paul Cordero
Can a seller deny offers financed by certain banks?
I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...
Jason A.
Help, served with Building Code Violation in Sacramento
We bought a foreclosure in 2008 in Sacramento County that had a large addition and we didn't check for permits. I know, I've learned a valuable lesson.
We were trying to refinance the property and for whatever reaso...
Aaron T.
Thinking about buying an old elementary school-turn into hostel
I am looking at an elementary school that has been abandoned. I am thinking I can turn classrooms into several small pods or rooms like a hostel. put in a pool and some nice common areas to make it kind of a pod resor...
Josh Polston
Tenant Refuses Stove - threatens to withold rent
[punchline at the end] I have a legacy tenant that has been living in the building since purchase (7 years ago) and they recently killed their gas range with only one of 4 burners working. When they notified me it wa...
Anthony Williams
Contract assignment
Can I assign a contract on a property that has an existing mortgage on it? Its not in foreclosure yet.
Ken Latchers
Landlords - What are all your practical Money savers?
I thought it would be nice to have a collecting point for day to day money/time savers for rentals. Some things I do or have seen on the forum so far:
Remove storm doors.
Advertise rentals on craigslist
Remove or lo...
Kirk R.
MY Realtor has started Working for THEIR side.
I have been working toward a buying a house using a Realtor as my Buying Agent. Deal is supposed to close the end of this month January.Summarizing, I made it clear to MY $#@!ing Realtor that I did NOT want my deal t...