Paul D.
Tenants in common - who can claim active participation?
A family (parent and children) owns rental properties as tenants in common. Each co-owner has more than a 10% stake in the properties. One co-owner does 99% of the property management. However, when it comes time to a...
Chantal Routhier
Contractor Quote Review for Newbie
Hi all, I have a rental home and Im looking at refinancing to do a basement renovation. It is an ambitious project as its currently a dirt floor basement. It requires a whole next deck (two stories) and cutting in win...
Marjorie Carlson
My First Fix & Flip Experience
Investment Info:Single-family residence fix & flip investment.
Purchase price: $186,000A quirky but charming house in one of Pittsburgh's most desirable neighborhoods was suffering from deferred maintenance a...
Alan Rekowski
Distressed Milwaukee 13 Family
I recently purchased an apartment building on Milwaukee's south side and I am currently doing several bathroom remodels. I am running into a slowdown on every apartment I work on when it comes to drywall work. I am ...
Nick M.
Estimates on taking out a load bearing wall in NJ
I'm under contract on one flip and am making an offer on a second. In the second home I'd like to open up the living room but it would require taking out a load bearing wall. It's a competitive market (multiple offers...
Spencer Campbell
Wholesaling: Where do I start?
I feel I've read and listened to enough material to get started. I'm just not sure which actual steps to take to start in the wholesale department. For example, do I make a website first, start an LLC, or just jump st...
Adam Hans
Convert primary residence to rental
Hello all,I bought a house for $300k and lived there for 4 years. During the time, I bought about $5k for tools and materials (with receipts) and upgraded the house myself (that would cost $20k if hiring contractor). ...
Brian Orr
My mother wants to help
I'll preface by stating my mother is my 50/50 financial partner in our budding business. She has a long term corporate career in banking and auditing. I am handling most everything in our REI business except for bookk...
Jared Siddle
Tenants won't leave property following sale
Hi there,
My friend recently purchased a property in Los Angeles which had tenants (one family of 7) who were due to leave but are refusing to go. I suggested offering cash for keys, are there any other strategies fo...
Atul Mathur
What percentage of Dwelling coverage should you have for a walls in policy?
I'm looking for some feedback/recommendations. If you have an investment condo, what percentage of it's market value should you have for dwelling coverage in the event of a total loss? For example, if you have a $...