Joshua Walters
HOA Foreclosure- Mortgage Payoff
I bought this home from an HOA foreclosure auction. The house is worth $650,000 (conservatively). The previous homeowner took out a mortgage for $275,000. Since I bought it from an HOA foreclosure auction, I know the ...
Nat C.
Tenants asking me to pay for their negligence
I'm looking for a document to give to tenants which outlines what is a tenants responsibility and what is a landlords responsibility.
This week I've had tenants calling me with some pretty outrageous request...
Ashton Levarek
Apartment Syndications: Start small or Go big?
Over the past several weeks I've had multiple conversations regarding how to get started in multifamily syndications. And the common theme, or belief is that it is best to start small. In fact, a close friend of mine...
Juan Pernas
Wholesalers who say they're doing a "service" or "favor"
When you have a seller with a dilapidated house that is worth 80k as is, and you're offering them 40k, are you really doing them a favor? I understand the idea of unloading their burden.. but realistically they are be...
Michael Plaks
How 0% capital gain rate actually works
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...
Josh Pulley
Should i invest in Ryan Pineda rookie/ BP boot camp
As someone completely new to REI should i invest in Ryan Pinedas 8k rookie program or BP boot camp, or any other coaching/ mentoring program. Pinedas program seems a bit steep. But just reaching out to see if anyone h...
Robert Tinker
How do you pay your contractors?
Just got my first deal. Now we are ready to renovate. Is it customary to pay contractors anything up front? Most bids came in asking for 50% up front and 50% upon completion.
Allison Escovedo
Should we close on this 4 unit?
We are under contract for a 4 unit apartment complex in Taft for $170k.Each unit rents for $575. Currently, there is 50% vacancy. It was advertised as fully occupied. I talked with one of the tenants who has lived the...
Philip Mullinax
Tenant Repair Overdue
Hey guys,I have a tenant I had to replace a toilet for at the beginning of the month due to their child flushing a number of toys down the toilet. I paid the plumber directly with the understanding the tenant would b...
Chris Reeves
Seller "withdraws" counter offer before written deadline - legal?
Hey folks,This situation has not happened to me before so I thought I'd ask to see if anyone else has been through this.
On August 16 I received a seller's counter offer on a property. The written deadline for accept...