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The good news, I had no issues buying my first 3 unit in Worcester, MA. The bad news, its been limping along with bad tenants and horrible property managers. I've run the numbers inside out and upside down and don't k...
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About two weeks ago we bought a house. Knowing it was full of trash and has been empty a while. We got a good deal on the house, but knew it would take alot of work. It is in a rental neighborhood. This is a 900 sq ft...
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Hello Community,We have an investor! Our investor is willing to loan 100% of the price, but wants the property in their name until 20% it is paid off. With an 8.5% over 30 years note. I am concerned with how long it...
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Bought a quadplex in c class area last month. One of the tenant who have been there for 5 months did not pay rent and is in the process of eviction I talked to my PM. I am house hacking the place so I went to talk to ...
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IntroHey everyone! I am super-excited to get started building my wealth in real estate! I believe I am off to a rocky start though, and I'm seeking some guidance... so here's the rub:I bought a condo, and then I began...
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Hi guys! Ok, so here's the situation....I'm a newbie RE Investor and had plans of going into business with a friend who I've known for over 20 years. This guy has been in the RE business for the past 20 plus years a...
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tenant informed he painted the house and wants to pay half the rent (400 not 800). He reminded me that when he moved in last year I said if he paints i will reduce rent, but never said how much. This was to be a disc...
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Hey all. First time poster here. Thank you to all who read this.
I bought a BRRR in January. One of the two units was rented, month to month. I had the tenants sign a month to month lease with me, changing only the ...
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Hello my favorite community! How has becoming a landlord changed you?
This is my first year being a landlord. I have to say, being a landlord has changed my life and how I look at others. I’ve learned very quickly t...
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I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.
Sounds too good...