Ivan Cole
BRRRR - Stuck on financing step!!
My wife and I used cash to buy our first property. We have completed the rehab and have the property leased for 3 years at 1,100/month. House is worth $100,000 and we have $49,000 invested. I have called 7 to 8 banks ...
Gabriel Manson
How to start home flipping without much capital
I would like to get into to the real estate market/house flipping/renting. I’m lacking capital and looking for advice on how to get into this thriving market. I’m very versatile when it comes to work and labor. I’m su...
Jerry George
First REO deal for duplex - questions ? Please help.
I am new to REO investing. My offer was accepted by the bank for a duplex of 2 units. It is valued at $210K by the city tax dept. My offer was 152K. It was listed for 170K. It needs 10K rehab work to make it perfect. ...
Austin Smith
Partner wants me to pay him future (potential) profits
Hello. My partner and I are both starting out and bought a SFR to buy-and-hold. We made the mistake of getting absolutely nothing in writing. He was unable to qualify for the loan, so I took on the mortgage. Two month...
Antea Alexander
Is it worth it to be a LLC?
Should I become an LLC? Pros and Cons? I have two rental properties in Massachusetts. I am wondering if my legal responsibility will increase if I get a business license?
Alisa Clairet
Tenant Wants to Change 1 Year Term Lease to Month to Month
My tenants are currently on a one year fixed term lease. We are located in LA, California. He and his wife earn upwards of $300,000. They have just had their first child and would like to buy a home in LA. Upon se...
Shari Posey
Help me evaluate this deal
I don't know why I'm stuck on this...a bit of paralysis I think.
I'm looking at a $200,000 4-plex in a below average area. Not gang infested but the neighborhood isn't really kept up. Also, not a lot of comps...
Ishmael Johnson
New Jersey Eviction Issue
I have a tenant that has been giving me issues since i acquired the property. She is completely negligent and refuses to let any of the professionals do hiring to get a detailed look at her unit, it is costing me mone...
Carol Talbott
Mortgage holder won't tell us payoff amount on loan
6 years ago we got a $150k mortgage on a house. The loan was sold to a mega bank. Things were good until last year when a life threatening medical condition caused us to lose 1/2 our income. We fell behind on our mort...
Edmund Campbell
First step for multi family
I own 3 single family rentals debt free worth 60k, 70k and 150k per, so about 280k total. I want to buy a multi family bldg between 25-35 (or more) units but I have little cash and hate debt. I would be willing to ref...