I have experience with working class and lower income areas. But what about ghetto, warzone areas. A lot of burned out buildings, people using/selling drugs all over the place, frequent shootings (almost one a week it...

Hi Everyone,I really appreciate all great pieces of advice you’ve to give here and I already regret for not asking sooner. So, I got my first and only property in 2019 - it’s a 2 bed 2 bath apartment in Jersey city wh...

We are in FL. Without knowledge purchased a HOA foreclosue with a 1st lien. The 1st lien is in pre-foreclosure. The homeowner's were in the process of negoiating a loan mod so the foreclosue is on hold. I dont thi...

I'm curious on others thoughts. I attempted to do a "Cash for Keys" deal with a non-paying tenant. He ended up not following through so now he is being evicted, but going through that process did make me think about t...

Here is the issue, Picked a tenant to move in over the weekend. She was very desperate to move in because her previous residence had some sewer issues and had to live with her son in law. Tenant also said she has some...

Today we entered into a contract to buy a 3 bed 2 bath House in Kansas City Mo for $145k. The house will rent for $1500 to $1700 per month.I’m teaching my daughter how to create a monthly budget and will set up a sepa...

In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...

I had a new tenant (roommate) want to move in same day. I said a Thursday move-in is what I'm looking for. I told this person that I would send them the rental application. They said they had people that could vouch ...

Hello Everyone!
So we are trying to start getting our ducks in a row before we start shopping for our first property. I don’t want my wife and I to fall in love with a deal and jump on it before we have everything r...

We no longer rent to smokers but we used to rent to smokers with the condition that they smoke outside.
We have a tenant that is a from the time that we rented to smokers.  They have been good at only smoking outside...