Simon K.
Cars
Totally random, but...
[b]What kind of car do you have? Do you like it?
What is your dream car and why?
What kind of car (realistically) would you replace your current car with? Why?[/b]
I have a 2010 VW Jetta sed...
Mike O.
renting to someone who is retired
What are your experiences renting to people who are retired? I have a potential tenant interested in renting a townhouse from me ($1800/month) and will be living alone. Curious on the best way to verify income, she me...
Account Closed
Tenant is late and has cancer
One of my tenants has just been diagnosed with cancer. She's been dealing with various health issues that have made paying rent on time a problem. Has anyone dealt with a situation like this? I'm trying to be accommod...
Chris Taylor
Insurance Requirements for Rental Property
I’m a newbie so I think this question is appropriate. I’ve received different answers from different people so here it is. For rental properties ... do lenders require your insurance to cover replacement value of th...
Brian Fiorillo
Purchasing A Property The Current Owner Is Upside Down In
Hey All,
A bit of a newbie here, but I came across a multifamily deal where the current investor is upside down in the mortgage. He purchased the property in 2004 for $95,000 and currently owes roughly $65,000. From ...
Joe Edwards-Hoff
How does it work when the seller financines a portion?
If I were to set up a deal where the seller was going to write a note for 60% of the property and I would need to get financing on the other 40%, how would that go? Does the bank ask me to put a percentage down on the...
Nelson J Castillo
Haven't received rent/statements from PROPERTY MANAGER in MONTHS!
Good morning all! I have a bit of a problem regarding the property management for my section 8 duplex in St. Pete, FL. I have had this property for a little over a year and while it does cash flow well for me, I have ...
Chris Pike
Found A Deal... But Seller Has Depreciated The Asset Too Much
I have found a deal that I would like to wholesale in Phoenix, AZ. I want to help out the Seller as best I can with her situation, although I am in need of some advice in how to best assist her.The owner is intereste...
Chris Allen
When to sell properties
When Do you think the best time would be to sell off a small portfolio? long story short, I will be starting grad school next year and will not be able to work while in school for the next three years. I am wanting to...
Timothy Metra
Will multiple LLC's protect me if the worst comes?
This may seem like a new question, but I couldn't find a specific answer on older posts. Sorry if I missed it.Anyways, if I have 3 separate LLC's and one fails, will the other 2 be protected?Example:LLC 1: Worth $45,0...