John Williams
Downside of the 1% rule...
Here's why I don't like the 1% rule...A buy-and-hold investor should think long-term. The 1% rule doesn't matter as much if you have a 5-10 year investing horizon because it does not take into account appreciation or ...
Jack B.
Found a property in LV but worried about peak
This house barely cash flows. I worry about it being near the peak especially in LV due to the looming recession. With 85k involved in closing, it isn't an ideal time to buy if the market turns against me and I can bu...
Frank Wolter
How I went from 0-122 units mortgage free. My tips and secrets
I started off as a Police Officer at 22yrs old. While doing that I purchased my first home at 23yrs old. I bought a double home. Here in Cleveland that consists of an apartment on the bottom and an apartment above th...
Rod Desinord
90% of you won't do anything!!!! But why?
I always hear this figure and wonder to myself how come? Is it because people are scared or is it because the people who are trying to get into investing have a hard time figuring out what information is correct and w...
Jason Mathews
Having Diarrhea - What's that got to do with REI??
Does having diarrhea make one an Expert on Toilets?
Just because one investor, in one part of the country, during a specific time period, uses a specific technique (s) to make money in real estate, does not make him...
Amy Raye Rogers
The Negative Cash Flow Club!!
The numbers are in for 2021... 6 doors acquired in 2021... 8 total doors owned (all SFR)54k in rents, 24k expenses, 30k cap ex, and 30,500k in PITI...For a grand total of -31k net cash flow!!!but...400k equity growth!...
James H.
To pay or not to pay off your primary residence
This discussion was cropping up in another thread about a different topic, and I wanted to hear more feedback from other members about what they prefer. As a primer, I am going quote @Rich Weese contributed as I find ...
Stacy G.
Why investors should be their own general contractor
This is in follow up to a recent post by Engelo Rumora "The Top 3 People Most Likely to Rip You Off in Real Estate Investing"Probably one of the more misunderstood words in construction is "general contractor". Based ...
Carol Venolia
How do you cope emotionally with nasty tenants?
I'm one year into being a landlord, and I loved it for about the first six months--in spite of numerous challenges. I could handle it! My motto was "Nothing's gonna stop this cowgirl!" I rode high in that saddle.But t...
Account Closed
How Do I Handle This: poorly insulated unit and rude tenants
Hello Everyone,This is going to be a little lengthy....I'm a new landlord, and these are my first tenants. They live in an apartment above my garage. The lower half is not insulated, and the HVAC system is old but fun...