Renee R.
Eviction for nonpayment of late fees
I have a tenant who has been late with rent payments since August. He's currently paid through Sept, but hasn't paid Oct. He has racked up $360 in late fees. He said Oct rent is 'in the mail' and that he can't pay the...
Micah Weiss
Making the numbers work for nicer homes
A coworker of mine has ~7 low income houses and duplexes, and I see the issues he has to deal with on a regular basis. Extended families moving in, criminal boyfriends living with the tenant, frequent evictions, etc. ...
Nick Rose
It's not possible to get a decent ROI with a cap rate <10%
Ok, I suppose it is possible - I'm just hoping to get some experienced investors' take! I do have capital that I'd like to put to use in an apartment building in the roughly 400K-700K range, however I can't seem to m...
Ty H.
Bank of America Revises Short Sale Policy
Bank of America, one of the country’s largest mortgage lenders, says it is loosening its policies on short sales in response to the U.S. Treasury Department’s announcement last week that it would increase incentiv...
Ron Thomas
Splitting proceeds from a sale in a 1031 exchange?
Hello all,So here's a quick run down of the situation I am asking about. Myself and another investor in the suburbs of Detroit are looking at a 140 unit apartment complex being sold by a larger investor who wants to ...
Jesse Olsen
Is car debt bad debt? First time mortgage applicant, tips needed
Howdy, Hope the detail proves to be helpful, I would appreciate all the helpful feedback I can get. Will be applying for my first mortgage loan in the next 5 months and want to ensure I am in the best position I can p...
Isaiah Thelwell
Seasoning periods for Refinance?
Hello, i’ve been hearing different investors talk about a seasoning period when refinancing out of hard money during the BRRRR process. can anyone help me dive a little deeper on what this is/mean?
Pouya Banki
How detailed of a report should my property manager give
Hi everyone, I am replacing my roof, have received quotations ranging $15,000 - $35,000 through my property manager. I created a spread sheet so my property manager can fill with data (total price, price/sf, warranty,...
Peter K.
How much does it cost (avg) to fully replace a water heater?
Ball park numbers: how much does it cost to fully replace a water heater with labor? Just want to see if my quotes are not too high (i know it varies by places).
Peter Morgan
How to politely turn down section 8
HelloI am getting inquiries from section 8 tenantsHow can I politely turn down? I don’t even have any permissions to rent to section8 tenants.Appreciate your inputs Thanks