Randall Kates
Negotiating with the bank on a distressed property
I recently got a property under contract for 140k and had 3 contractors quote me on how much it would be. Which was over 40k in rehab cost on average.The bank believed that the listing realtor undervalued t...
Jesse Doyle
Purchasing foreclosures - your opinion
I have came across a foreclosure deal with an opening bid of 20k with a recent assessment value of 120k for the property. With that being said I have done some research on the pros and cons of purchasing foreclosures ...
Robert Parsons
Lease to Own Documents
I have my first Lease to Own option lined up however I need to know the particulars as far as who fills out what paperwork. Do I fill out a purchase agreement and letter of intent to lease with the owner, then the ac...
Alexander Hammond
Looking for advice on finding Funding for first investment?
Hello,These past 3-6 months have been crazy for me. I saved up a lot of money to buy my first house, but had to use all the money I saved to pay off an attorney so I could have custody of my son! Regardless, I've on...
Andrew Holmes
Wholesaling - IL Rules & Illinois Department of Financial Regu
Just thought I would post this. In the last couple of weeks I have had at least 4 wholesalers reach out with properties that they have under contract or with properties that they closed and IDFPR investigator called t...
Dren Aguado
What would you do in my parents situation?
So my parents are in a very nice 2003 construction 2 story SFH 4bd3bth. They're in a 30 yr $180k 2.75% interest conventional mortgage and are paying about $1400/month. They would like a smaller one floor house so thei...
Mauricio A.
Legality of Adding Heat to Attic to Turn Into Livable Room
Hello,
So I have a 3 bedroom, 1.5 bathroom property that when I purchased, I inherited tenants that were using the attic as a fourth bedroom. The city says that the room is not up to fire code to use as a bedroom...
Matthew Powell
Backed out During Due Dilegence, am I crazy?
I had a property under contract down in Savannah, however I learned that only the downtown districts are allowed to STR and even those areas are capped at 20% with a 3 year wait list for a permit. The property I had w...
Zac P.
Metal or Shingle Roof?
My roof on my rental is getting a little iffy.. Looking ahead and know that I will need a new roof soon. I was looking at getting a metal roof compared to a traditional shingled roof. From what I have heard and seen, ...
Lesley M.
Tenant complaints about uneven floor
Hi folks,
My new tenant was placed in my St Louis property last December. Since then, she’s had a multitude of complaints about various issues big and small. I’ve spent $10k to fix issues like new HVAC and fridge.
S...