Cameron Riley
Moved in a Tenant who has little kids... READ!!!!
Took a chance on a young lady with 4 kids, as many landlords know, kids can be very detrimental to a property. A large percentage of landlords discriminate against children in the application process... I decided not ...
Byron Paille
How many homes is your goal?
I am in my late 40s. I have always dabbled in real-estate and done well. I am approaching it in a much more specific way now. Should be closing on my 6th rental next month. What is the goal number of homes for most of...
Jon Mbu
Is it typical for a Contractor to request 20% or more upfront?
Our General Contractor is requesting a 28% downpayment upon signing the contract for rehab work, prior to any work being started and he claims that he has been doing this for decades and never had issues with that bei...
Gregory Schwartz
$10,000 SBA Loan / Grant
Anyone else applying for an SBA Economic Injury Disaster Loan? Based on what I've read in the Stimulus Bill we all might be eligible for a 10k grant advance.
"(e) Emergency grant
(1) In general: During the covered p...
Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Terry Lao
What sacrifice have you made for down payment?
I have heard a lot of posts about how to buy real estate with no money down, low down, first time buyer program, etc. All these paths are possible, but they are financial decisions that you are now just realizing when...
Paula Impala
Norada Capital Management suspending payments
I invested in Norada Capital Management and was coming here to connect with others who have invested. Did not receive my payment from Norada this month (June) and just received the following notification in my email....
Michael Ablan
Service Animals & Emotional support- Is animal restriction dead?
Hey guys,Is anyone noticing a huge uptick in the amount of people applying for apartments who have service and emotional support animals? In just the last 3 months, I swear 7/10 people have had one of the two. I eve...
Brian Garrett
BRRRR without proof of income?
How would I be able to buy a property initially and cash out refinance utilizing the BRRRR strategy if I cannot prove income right now? That's the biggest hurdle I'm experiencing in planning for my future cash flow pr...
Tom V.
Need some help here with tenants. Serious problem. Please!
Hi all, having a serious situation here at a 3 family property I own.
It's a 3 family property. A few months back, the 3rd floor tenant stopped paying rent. Evicted him. Cost a couple grand to do, but got rid...