Tracy Hewitt
Making the jump to investing full time
Hello. This is my first post. I've been listening to the podcasts and just started reading the forum posts. There is so much information it is exciting and overwhelming at the same time. A little background. I'm a rea...
Marie B.
Continue to Rent or Sell advice needed
Hi, I am new to this forum and looking for some advice on our current situation. We have a home in MA that ended up becoming a rental property in 2008 when our jobs brought us out of the country. We now own a town-h...
Joshua Michael Hauman
Should you pay off a house completely?
Paying off a house completely is a trap. You should avoid it if you want to amplify your wealth.Here’s what to do instead:Successful investors own nothing outright. They sit back and wait as their properties go up in ...
Amy J.
Can I deduct realtor fee from security deposit for breaking lease
Hi all, Located in MIBrand new to this site and rentals! Our first tenant sucks. Person decided to break lease for no legal reasons in first weeks of renting. Person was told you are responsible for all costs until ne...
Antonio Denmark
Need Help with 5 Pack Offer
Have a situation that is very complicated and need help A.S.A.P. Someone is offering to buy 5 of my rental properties for cash. I know some of you think that this is not a problem, but when you are not ...
Christian Carson
FHA loan on leased property
Hello all,
I'm looking to buy a 4-plex using an FHA loan and occupying one of the units myself. The problem is that the building is fully leased and it looks like I might not be able to get an open unit until April. ...
Clayton Mills
Small Land subdividing
I'm looking to target parcels around where I live (in the Midwest) to buy and subdivide into a minor subdivision to sell to builders.
I am seeking help on what criteria I should be using to filter down lots for this ...
Michael S.
Commercial Loan "Events of Default": LLC member buyout
I have been reading some commercial Deeds of Trust in my spare time (I need to get some more exciting hobbies!) and I was surprised to discover that it is common for the lender to consider basically any change to the ...
Account Closed
More money down makes the deal.. Thoughts?
Hi BP,
So a pretty simple question.. Has anyone out there put more money down on a potential buy and hold deal in order to make the deal cash flow properly? For example, let's say I'm looking at a duplex that cash fl...
Chad Jarrah
"Costs" from a Sheriff's Sale
Just curious about the "costs" during a sheriff's sale auction. If the upset price is $35,000 and the costs $5,000 and you win the bid at $35,000, would you pay about $40,000 to buy it and close? Thanks.Also, one othe...