I met with an attorney (I am in California, but investing out of state) about starting an LLC that we can use to purchase properties. I was shocked when my (California) attorney STRONGLY suggested that we need to hav...
The Biggert-Waters Flood Insurance Reform Act of 2012 goes into effect Jan, 2014. The signature Waters of the Act is Congress Person Maxine Water.
The Federal flood insurance program has been operating in th...
I am currently marketing my first rental (sfr) and a few prospective tenants have a pet. Just curious as to what folks out there are charging in terms of pet deposits?Basis for amount charged?Refundable/Non-Refundable...
Good Morning!I have some apartments that are in need of tenants! My PM is getting an abundance of calls however either they have 60lb dogs OR request section 8. I am staying away from Section 8 as it's my personal pre...
My tenant's lease expires May 31st and when I asked them about renewing they informed me that the father had lost his job. They are asking to do month to month until he finds another job.
What would you do in...
I have been sending letters to absentee landlords with property in the Connecticut area. Any condition 1-4 units. The call backs aren't great & I am just wondering what others are doing to generate lead?
Hello All,
There is a home in my grandma's neighborhood that has been abandoned, vandalized, and empty since the previous owner died, about 6 or 7 years ago. It is completely overgrown and I have no clue what kind of...
Hi everyone,
I would like to share a story of success and failure. The first flip I ever did I made $65,000 and was riding high. I was on top of the world. That's when it all fell apart.
I listened the realtor t...
If you are doing a 1031 Exchange, do you notify the seller that you are paying cash as part of a 1031 when you put in an offer? Does this put you at an advantage because sellers like cash and don't have to worry about...
Hello BP. I have an apartment for rent, and here is a conversation between me and a lady viewing the apartment.
Her: "How do you feel about kids?"
Me: "I like them!"
(We have a laugh for a moment)...