Lyle Cooper
Increase basis on rental property after renovations
I renovated my home myself (I'm a contractor) over the course of 2017 and 2018. I rented the property in 2018. I did extensive renovations. I'd like to increase the basis of my home with the cost of items like: Kit...
Lolita Ellis
HELOC with Credit Union- What to expect
I applied for a a HELOC with my credit union- the rep has been really "laid back"- that said I finally had the title company send me the docs to review prior to signing but here is what they offered: max amount allowe...
Brian Burke
Hedge Fund Humor: how to donate money and kill your returns at the same time
So the other day at the foreclosure auction, the bidding was going hot and heavy on a property until it ran up so high that all of the experienced bidders stopped bidding. It was down to just two bidders now, going b...
Michael Lee Gundersen
Looking for a property management company in San Antonio!
I am new to investing in San Antonio and just made an offer on a 4-plex. I am working full-time and expect to have a property management company handle the property, but want to set expectations for them based on what...
Ken Chud
Eviction Due to Tenant Not Repaying Balance of Security Deposit
Hi folksI have made a mistake of allowing a voucher-assisted tenant to move in when she did not have the full amount of security deposit during Lease signing. Had her sign an impromptu agreement I drafted myself, whic...
Willow Baum
What Precautions Can a Landlord Take to Protect Themselves against the instance a Tenant-occupied Property Becomes Uninhabitable Due to a Costly Repair that Far Outpaces Annual Rental Income?
Let's say a sewer system for a single-family, low-income rental house in an economically depressed area of NY State, dies. Let's say the hypothetical repair costs $20,000, and monthly rents are $750. Let's say, for c...
Sonya Suggs
Is anyone familiar with Gregory Downing $3k coaching package?
Is anyone familiar with or have experienced Florida-based Gregory Downing 's $3k coaching package and Legacy Unleashed? I'm a newbie to the game of real estate investing and I don't know who to trust or where to inves...
Jeremy Beland
The house that taught me a $40,000 lesson in 2019...
It was a nightmare which only made me $4k. After securing the deal, the buyer made my wife and I go through three-feet deep of snow to "winterize" the house so there wouldn't be any plumbing issues.It was a 2 hour dri...
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
Hi All,
I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and pri...
Account Closed
Why does Everyone Hate Than Merril??
Everytime I tell a Rehabber or a Wholsaler that I'm going to the 3 Day Bootcamp of Furtune Builders I always get people telling me not to go..??But I see so Many people went there..I see other "Guru's" Charging $3,000...