Katie Willcox
Pre-Screening - Are We Being Too Tough?
Hi Everyone!We took possession of our first rental on July 15th and we are self-managing it. We've prepared a pre-screening questionnaire with guidance from Heather & Brandon Turner's Managing Rental Properties b...
Chris Rose
Weird Listing Agent Contingency
I have been working with a real estate agent on a potential flip property. She contacted me today saying the listing agent said that the potential buyer would have to buy the property with cash or conventional financi...
Kyle Hipp
what rights does a parent have as a cosigner?
I have a friend whose, daughter is getting her first apartment. She only makes 2 times rent and they require 3 times as most do. They would accept her if her father (My friend cosigns). I have not done cosigners so I ...
Andy Port
Is syndicated co-investing (passive) right for me?
I'm currently looking to take some money out of traditional investments and begin investing directly into real estate as a passive investor on syndicated deals.The internet is pretty much copy-paste with advice on how...
Mike Cartmell
Option Exercised but low appraisal
My tenant buyer has exercised their option to purchase but the appraisal came in low. I do have a clause in our contract that states I have the right to sell at the appraisal price but I am wondering if I am still ob...
Tammie Welch
Tenant Late on the Rent
Good Morning,We have a tenant that stated they will be late with their rent for June. They asked if they can pay $400 on the 1st and remainder $475 by the 15th of June. She didn't mention paying the late fees of $50...
Greg Wright
Using a self directed IRA for rehab.
Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If ...
Nettles Mason
Rent Price in relation to Option Fee
ARV 99,990
PITI 600
We have a 3yr lease with option
Our Option is Loan Balance at time of Closing. (currently 90,500)
I have a tenant buyer who agreed to to put down 5k and rent for 900/mon...
Pamela Gordon
Rental Showings - Do you prefer 1:1 or open house tours?
Just starting showing my rental property about 1.5 weeks ago, by appointment only. It seems like a nice gesture to have private tours for the potential tenants that show up, but it also takes a lot of time. So what ...
Kurt Granroth
Why invest in a deal with a tiered Class A / Class B split?
Class A / Class BThe practice of splitting the LP investor equity group into Class A and Class B (sometimes: "Series A" and "Series B") tranches is already extremely common and seems to becoming almost ubiquitous. Ins...