Sam Tavakoli
Contractor Not Performing Work Over a Month Aftr Signing Contract
I closed on a 3/2 SFH fixer-upper in Columbus, OH on 6/10 and signed a contract w/ a contractor on 6/13. My agent recommended him and said he can get the mostly cosmetic rehab work done in 45 days (which is in the con...
Shaun Marks
New purchase like to do a cash out refi
So today I purchased a home and paid for that home off of a heloc I had on my personal residents so basically in banks eyes I wrote a check for the new home the seller wanted to do a quick close and didn’t want to los...
Kenny Lewis
How does pml get paid back from buy and holds
Want to get a better understanding about paying back a pml from a rental property buy. I know for flips that once the property sells that the pml gets paid back from the sale price. But how would I pay a lender back w...
Brian W.
A few questions regarding the 50% rule
Is simply applying the 50% rule running the numbers? In other words, can I simply calculate what my P&I will be and as long as it's 50% or less of the expected rent, then the deal has potential? Can this replace...
Aaron Sims
Tenant request some rent back
I have apartment building her in California. A tenant gave me a 60 day notice she's going to move out. Her 60 days would be March 1, 2014. I just got a phone call from her today saying her last day is going to be F...
Travis Hawthorne
Factoring reserves into BRRRR Analysis...do you?
The main strategy behind BRRRR as I understand it is if done correctly you can recover your original investment with a refi and go do it again (repeat).
When you analyze a property do you include your reserve fund (f...
Nicolas Sanhueza
who pays for oil heating on a rental?
Hi everybody!I am buying a rowhouse in PA with an oil tank in the basement, I am doing a rehab but my budget is really tight and I don't have enough money to convert the heating to anything else. How common is to have...
Ray O'Brien
Viewing foreclosures
Hi,Newbie here.I was told by a Realtor that in order to view a foreclosed property i had to be prequalified. Is this true? The property is in Wisconsin and i live in MN. Any input would be appreciated.
Damian Howard
To spend or not to spend!
Don't want to bog you down with all the details but here is what I am lookinng at. I have a 3/2 and I'm looking to replace the bathroom on the main floor next to the kitchen which is not the main bathroom. It's old a...
Bill Mitchell
Private Money: Making Extra Payments?
With private money for say a rental property, are you generally able to make extra payments on the debt every month to pay off the loan faster? On the same note, could you get a 15 year private money loan on a rent...