Account Closed
Dump Your Real Estate Agent
It is my contention that in most circumstances you should not use a real estate agent to buy a single family home, and only in limited circumstances should you use one to sell. This strategy saved me approximately $15...
Brandon Schlichter
Self Directed IRA into REI Corp?
Got off the phone with my investment advisor, i had emailed him about whether or not he knew how to invest in real estate with a self directed IRA. I hear about it relatively frequently, and have one person in my offi...
Jill F.
Rent and Covid-19-our letter to tenants
Below is the email that we just sent out to our tenants. Keep in mind, most people don't pay rent just because they fear eviction...Most people pay their rent because they are honest and they honor their contracts. Yo...
John Chapman
?Building a Junker Portfolio
In the last few months, I have met a few retiring landlords who were looking to unload their properties. When I looked at the properties, I was really surprised at just how junky they were. They were a bunch of ...
Nathan Gesner
How do you deal with a mentally ill, problematic Tenant?
This is a long story, but I'll spare you the details. A tenant has been with us for four months and problematic since day one. She's from a particular state where people are known to be entitled and demanding and thin...
Jon Spencer
Emotional Seller- backing out after signing purchase agreement!
I am dealing with a "for sale by owner" situation that is getting frustrating...Here's the Deal. I found a house that I wanted to buy as a rental. Asking was $23k. I found he had multiple homes for sale so we negoti...
Todd Horman
automating the entire lease / tenant process
Here is how I typically handle rentals:1. I list them on the MLS and people go see them. When they are interested, their first question is how to apply. 2. Right now, I have to email them a blank pdf of the lease appl...
Mel Hayes
Moving to electronic rent collection
Hi all,First I have to say, finding this Forum has been a life changing experience for me and I'm just so excited so my apologies if I'm asking lots of questions. I inherited a tenant who has been getting their rent ...
Sean Integlia
Cooperative Lease Options
Hello All,
Was looking at these after purchasing the King Cooperative Purchase System. He includes the contracts, but only shows how to fill out the main one. Process is,
1. Locate seller with little or no equity....
David Haynes
The Sky Is Falling! The Sky Is Falling?
While re-reading one of my favorite books Rich Dad Poor Dad, I came across a powerful quote that speaks directly to pessimists and those influenced by their inactivity."WARNING: Don't listen to poor or frightened peop...