Nick M.
% interest to charge for Land Contract
A tenant is interested in buying the house he is renting from me via Land Contract. I have not done this before and would like some opinions on what to look for and how to set up the payment?
I am curious what commo...
Bhairavi Patel
Meeting with a Realtor for the FIRST TIME as a new investor!
Morning all, I am meeting with a realtor for the first time tomorrow. I dont have a clear picture of what I am going to do yet, but I want to be (or at least sound) educated and knowledgeable. I'm a little nervous, bu...
Tab Teehee
Who's about to quit and do REI full time?
I'd love to hear from those who are on the cusp of leaving their 9-5's, their cubicles, their corporate golden handcuffs, for a new life as a passive or not so passive real estate investor.Will it be this year? Are yo...
Account Closed
First REI deal looked promising but rehab costs keep growing
Calling out to all investors...How many of you thought you had at least a base hit on your first property and then, in the end it turned out to bite you (financially speaking). I am in the process of buying a foreclo...
Alex Scattareggia
Any Insight/ Unexpected Scenarios on a potential Boutique Hotel purchase.
I apologize for the length of this post up front. There is a lot of info to unpack, and I am really looking for some help from folks with experience in a property of this size. This is a property that I have been int...
Anthony Porembski
Best methods to pay contractors??
I’ve heard most investors say they wouldn’t pay any money upfront but then most contractors I’ve heard say they wouldn’t start work without a deposit. How do you come to an agreement where both sides feel comfortable...
Nicholas B.
Mortgage Underwriting Guidelines & DTI - (@Bill Gulley)
In another thread, @Bill Gulley and I had a brief discussion on underwriting guidelines. Rather than take that thread off topic, I created this one to hopefully further the discussion. The main contention was whether ...
Jody Young
Real danger of asking for private money - long bitter post
I debated on posting this because the incident has discourage me so much. But here it is:Last Friday I arrived home to a business card from a detective from our police department. I had just got home from visiting my ...
Jamie Stone
Any Feedback on TurnKey?
I've been analyzing several properties daily, and I can't find a way to make BRRRR work right now. I found one bank-owned property with the potential for a small positive cash flow. I connected with the investor-frien...
John Kim
How do you keep buying rental property when you run out of down payment money
So my problem is that I have enough money for a down payment for 1 more rental property.Once that is gone, I have no more money for any more down payments.I work a full time w2 job so i can't spend the time to flip a ...