Holly Ross
After you secure OPM / creative financing (verbally)... what next?
Hi! I'm trying to figure out how to get into real estate at a low cost of entry (~$50k cash), and so I'm of course trying to learn about how to use OPM and other creative financing options. So far I've kind of got the...
Glen Gaidos
RE: Nightmare Tenant?
I'm sure everyone here as some version of this story...I'm wondering if anyone has some feedback for my specific case. I'll try to keep it short (ish)! I'm posting this as my PM and I have different thoughts on approa...
Laura Kusto
Property Management expectations for Turnkey
Back in July a leaking HVAC unit in the attic caused substantial damage to my rental home. It resulted in replacement of flooring, ceiling tiles and repainting certain areas. Total damages were over $1000 (on a monthl...
Rick L.
9yr Arm, 5yr Balloon???
I have made a connection with a commercial lender at local community bank. After speaking with the commercial lender, they're willing to offer the following loan vehicles with as little as 15% down payment. I have ...
Luba Vasilieva
Renting second residence for a limited period
Hi Everyone. Would appreciate the input for the following situation before jumping into it. I recently purchased a small lake house in IL, which is sort of vulnerable to winter temps (= very lightly insulated crawl sp...
Robert Shortsleeves
Fayetteville, NC Rehab Costs
Hey Team,
I'm a Fayetteville, NC investor and wanted to share the way I analyze rehab costs. When I started buying rentals this was one of the hardest and scariest numbers to put into the BP calculator so I figured I...
Michael Tucker
Is this a good deal?
I'm looking at a buy and hold property. It's a 1900 sqft. 4 bedroom 2 bath house (built in the 50's) with an attached mother-in-law suite that has one bedroom, a kitchen (converted garage), and a bathroom. I think th...
Preston Roach
13 of the worst S&P Performers this year are REITs
I was reading an article on another investing website that broke down the best and worst performers in the S&P 500 so far this year. The list of the 35 worst performers had a whopping 13 that were REITs. Not all o...
Garrett Wilson
Specialty Tool To Remove Door
I am currently rehabbing a house is a low income area of Dallas, TX. The back door has had another "security" door installed in front of the original door that is solid black metal. It was installed using the same b...
Sam Booth
Reserves and Rental Property Home Insurance
Hi all,I have 2 rental properties in Alabama. Both are in outstanding condition and everything is currently going great with tenants, etc. What sort of reserves do you usually have in hand for repairs and CapEx?What s...