A property popped up on the MLS that I'm interested in, but I'm seeing what I think is a red flag. In the past 15 years, it has sold 7 times, not counting 2 foreclosures. It's a duplex in Minneapolis, so easily rentab...
Recently, I entered into a house with a noticeable lean toward one side. Upon further inspection, (walking down into the basement) it was extremely obvious that half of a floor board had been rotted out. I know that o...
Hello. I'm currently under contract for my first property, a duplex in GA. Both units have "long term" tenants in place. During the due diligence, it has been revealed that the seller does not have any security deposi...
One of my tenants on one of multi-units, who had trouble paying rent sometimes in the past, lost his job two months back. I called his employer and confirmed that. I know he lived on paycheck to paycheck. The probl...
Here is an interesting scenario. I have a set of applicants, a brother and a sister who are living together. The Sister qualifies to rent the apartment all on her own; her income is 3x rent, her rental history and r...
I’m looking to buy 3 bedroom single family homes in the Chandler, AZ area with the intent to turn them into long term rentals. When investing in a property, what types of things do you consider red flags that lead you...
Somewhat odd question. I have a single family rental, which had updated plumbing about 20yrs ago, mostly copper, but the silly do it yourselfers have several occasions where that copper is touching steel duct work and...
I'm looking to get into my first investment property and have been pulling the trigger on a few properties. I am currently under contract for one and just had my home inspection finished. I'm curious what are some maj...
I'm new to REI and am in the process of learning. While researching various areas, I came across a 6 unit apartment complex that has great numbers. It's been on the market for 75 days and is currently bank owned. Woul...
If you've been investing in LA for a while, you probably know that real estate agents will say ANYTHING to get you to buy and they will rob you blind if you let them. Never leave your wallet on the table around these ...