Tony Norella
Home converted to rental sale
We are thinking about selling a home we own. We lived it for 5 years and because we were under water on it, we couldn't sell it so we rented it out and bought another home. We have rented it for 5 years now. Is any...
Joe Graham
Greetings from Maryland
Hello all, My name is Joe Graham and I have been exploring the world of real estate investing (flipping homes) for the past few months. I have read multiple books, listened to podcasts, read blogs/posts, and spoke wi...
Lois S.
Property Management & Payday rent collection
For those of you who use a PM for your class B or C properties -Would your PM be open to setting up payday payment plans for your tenants?Example: Tenant gets paid SSI or other regular income by the 6th of each month....
Lyle Cooper
Evaluating the right time to sell NYC real estate
I have a condo in Manhattan that I rent out. My R/E agent has been pushing me to sell the property b/c he says the market is hot, rates are low, and demand is high.They suggested an ask price of 2.7mm. I rent the pl...
Aaron Hollingshead
What's your Mission, Vision and Values?
What are you working towards? During my 5 years in real estate I've flipped 8 houses and acquired 7 rentals while working overseas. In my account, it's been a good run. The problem is I've had trouble figuring out ...
Adam Craig
Paying contractors
I have some guys working on a house that I am going t rent - The main guy works for $22/hour and his helper works for $15 - so on a 40 hour work week I am paying these guys $1480 -
They are doing everything f...
Account Closed
Rental rates going through the roof. Getting a feeling. Is this a "Rental Bubble"
This might sound weird but I just Rented a sfh 3/4br 2ba for $2200 to a professional that has a 3yr employment contract with a local medical center. I have had this property since 1999 and purchased it for 88k back...
Adam Melon
Deal or no deal? House hack
Deal facts:1. Purchase price 925k on a triplex in Westchester County, NY2. Rental income in other 2 units is $4360. I can probably bump it to even $4500 between both.3. Basement can be converted into a 4th unit. Right...
Paul Welden
FHA Issues Temporary Partial Wavier of Appraisal Requirements
Today, the Federal Housing Administration (FHA) issued a Temporary Partial Waiver to parts of the Single Family Housing Policy Handbook
4000.1 (Handbook 4000.1), Section II.D.4.c.iii.(F)(2): FHA Appraisal Requirement...
Joe Zinger
Top 5 items that landlords waste money adding?
What do landlords spend money on for rental SFR that end up being a waste of money? Seasoned investors have probably learned these items over time that new investors could benefit from.
Windows , Blinds, Upgraded A...