Meryl McElwain
So-anyone still paying rent?
So I'm in Chicago. Two six flats. 8/12 tenants now not paying rent. I've been talking to other landlords and it's the same story. I have two buddies with 60 units between them. They're are mostly 1 bedrooms. Rent is u...
Dan Costantino
$27k on my first flip!
It was a year ago that I closed on my first flip. The night before I closed, I almost walked out on a $4,900 deposit because I got scared. Thankfully, my step father was good enough to walk through with me and ca...
Mark Updegraff
Investor Payroll, who's in your wallet?
I thought it would be nice to hear from other investors about how their payroll came to be, and what positions are on it.
If you could rank your employees in order of importance and put a brief description of their d...
Jason W.
Looking to 1031 out of the California market
Hello BP! I am located in Southern California. In order to take advantage of the current market, I am deciding whether to sell my SFH Southern California property I bought in 2014 and do a 1031. As you know, the Cali...
Brian Gibbons
Tips from Brian Gibbons re: Creative Financing
It is the spring and I thought I would give a primer on "creative financing" for the BP community.I will break it up into Beginner and Advanced.I will talk about well known and not so well known strategies.Beginner st...
Frank Adams
Lamest excuses for late rent
Had dinner one night last week with another guy who has had rentals for about 15 years and naturally the topic turned to deadbeats and why it's not their fault that they don't have the rent. The following is a compila...
Jordan Sachs
Terrible Sewage back up--how to handle with tenant?
Hi all! So I have a tenant living in a single family house. Apparently there is a terrible sewage back up in the basement and it's going to cost $4k to remedy. She never reported it to me or my management company but ...
David Huegel
I need some direction for my capitial.
Hello BP community!I need some direction from anyone with investing experience. My wife and I are debt free, we have excellent credit. We own a mobile home free and clear that we are currently renting to a single mo...
Scott Pigman
Realtor gave our lock box code away
So how's this for a shady situation,Yesterday, I'm working from home - a house which we have on the MLS as a rental.Some realtor -- and we're still trying to figure out who exactly she was,1. Did not schedule a showin...
Tony G
average returns & agents
My initial meeting with my agent, my partner and I told our agent we want properties that have profit potentials of 30k-40k. This is due to the research i've done on mls/comps/dom etc where I derived at 30k-40k margin...