Shawn Zimmer
What to Do When You Have A Lemon?
In a lot of trouble right now with a fixer upper - major foundational issues, built on a flood plane, and the place is just full of mold. Really thought I was getting myself a good deal but the inspector missed a lot ...
Zach Schnoebelen
Should I hold or should I sell?
I bought a foreclosure to initially do a BRRR strategy but a lot more has been wrong with the house than expected and went way over budget. Now once refinanced rent will not cover mortgage. I’m looking long term but w...
Mel Selvidge
"Real Estate Professional" Loss Questions
My husband and I purchased a vacation rental property four hours from where we live in January. It was gutted when we got it. Working with a contractor who rented it during the renovation, we got it remodeled, furni...
Roland Park
Upside down rental property
Hey. I have a upside down rental that was my first house. Bought it on the high side right before the housing bust. I refinanced it once to get the payment lower because my family was growing and we needed a bigger ho...
Andrew McGregor
Fire damage and tenant deposit return
HiThere was a fire in the bedroom of a duplex that I own. The fire department could not determine the cause. It appears like it started inside the bedroom, there was no burned wires inside the walls or anything. The i...
Glen Friedman
Fund That Flip (FTF) - 87% LOSS - be careful
Folks,
Just wanted to give everybody a heads up on what can happen with online crowdfunding real estate sites.I have invested with Fund That Flip (FTF) for the past 2 years. I invested in 11 of their projects, each ...
Rachel Kennedy
Flip Scenario: Over invested and now we need out
We are in Denver. Bought a flip in one of Denvers hottest neighborhoods. We made a HUGE mistake and lost track of our numbers. We are about 80% done but have invested $625K into a $640K ARV house (I know, stupid stupi...
Cameron Harrison
Expectations for Local and National Markets in 2021?
Hey everyone,
As we approach the end of 2020 (finally) in a hot seller's market, I want to see what everyone thinks is in store for 2021? I work as an agent/investor in San Diego and we are projecting interest rates...
Tony Marcelle
Are homeowners more motivated to sell now?
Is the COVID-19 situation any motivation to get people to sell their homes any quicker considering how people have lost their employment due to this virus? It is either that or the motivation is still not there even b...
Martin Z.
Distressed commercial deals on the way?
From what I understood, in 2005 a lot of loans that were issued had a 10 year period, for the properties not performing, is it possible there will be another wave of distressed sales? What are your thoughts, thanks