Paul L.
Keeping imputed interest from increasing price
I have a deal for $135,000 with 0% interest. This is in the form of a promissory note in exchange for the house. The seller is worried about tax liability down the line. Instead of a $135K loan at 0%, could we say som...
Chris Yorke
How achievable is your goal?
Virtual wholesaling is no job for a part-timer. Why is it that so few wholesalers make money? Competition aside, let us look at what is needed to succeed; Look at how hard virtual wholesaling really is.To see why...
Kyle R.
Carpet Cleaner
Typically I hire a company to clean the carpets in my rental properties. Now that I have 4 units, I feel it may be more cost effective to buy a carpet cleaner and do it myself. As of now, I'm thinking of buying the Bi...
Marty Hofmann
Do I inherit State and Federal tax liens when purchasing tax sell
Last year we purchase an investment house on a big lot. Shortly after closing (online forecloser auction) we found out that we only purchased 1/2 the lot as the county only foreclosed on the one lot. The adjoining lot...
Thomas Klein
Second Buy and Hold Property
Investment Info:
Single-family residence buy & hold investment in Margate.
Purchase price: $165,000
Cash invested: $15,000
This property is a 3/2 single family home with a one car garage.
...
Mary Arobaga-Reardon
Great deal on a duplex but not non paying tenants
I found a great deal in Washington DC on a duplex with tenants. The cashflow numbers work out at about $350pm per unit. However, I just found out the tenants were supposed to be evicted in March but are protected by t...
William F.
Radiators suck - $5k in heating bills
Any multifamily people had success in reducing expenses or replacing a boiler/radiator system?
It's a 10-unit built in the early 40's...
Sunny Fischer
Short Term Vacation Rental
Investment Info:Single-family residence buy & hold investment in Canyon Lake.Waterfront Short Term Vacation Rental in a cozy cove of Canyon Lake, TexasWhat made you interested in investing in this type of deal?Stu...
Paul Sandhu
Do you use an ozone generator in your STR?
Some of my kitchens have an "international" smell to them from renters that came from overseas. They cooked some of their traditional foods that were quite spicy. Some of my living rooms smell like smoke. I've sham...
Anne Keenan
4th investment property I bought.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $215,000
Cash invested: $18,000
Sale price: $500,000
5 unit never been on the market. Bought from the Gr...