Bienes Raices
College students -- source of income
A college student called who wanted to see the place. I asked him if one of his parents was going to be the cosignor and he said no. I told him that I needed gross income to be at least 3X the monthly rent and he said...
Nick B.
Two company LLC structure as asset protection strategy
I stumbled upon a lawyer's website while searching for LLC information and this article piqued my interest: http://www.lonestarlandlaw.com/Anonymity.htmlIt describes a two LLC's structure designed for asset protection...
Eric Moeller
How do you find and analyze emerging markets across the States?
Hey All!I've been a high value residential real estate investor for 9 years in northern New Jersey. For many reasons I've decided to leave this business model and switch my focus to acquiring apartment complexes. My g...
April O.
coin op laundry charges?
I'm in the process of buying a 4-plex. It already has a coin op washer and dryer installed. What is the normal charge per wash and dry?
Gabriel Morales
What To Do If Your Duplex only Has One Meter
Hello, Just wanted to hop on and see if anyone can lend some help on how to proceed in this situation. Just closed on my Duplex, although its not really a duplex it is a 3X2 SFR with a 2X1 ADU. Didn't realize until af...
Jerry Poon
Thoughts on condos?
I'm a newbie and I'm just getting started. What are you thoughts on getting a condo as your first property? After listening to a few podcasts, it seems like a good idea to stay away from them due to HOA fees. Is there...
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Hello from Charlotte, NC
Hey everyone!
I am a real estate agent in Charlotte, North Carolina. Although things are changing the real estate market isn't really slowing down here like it is in other markets. We are still selling a ton of r...
Lawrence Pearson
Rentals and Recreational Use of Drugs
So today I recieved a letter on my door as well as all my neighbors saying that they are aware of people indulging in illegal smoking substance. They have gotten complaints from other residents and are threatening to ...
Matt John
Some lessons learned from my first deal (buy and hold)
1) Don't put 20% down. Especially if you are just starting out and don't have tons of cash and therefore won't be able to move on your next deal if you do put 20% down. Lenders love that 20%, but it just isn't necessa...
Jimmy NA
Unregistered Cars
I purchased a 3 unit building several weeks ago. Recently, I signed up one of the pre-existing tenants on a new month to month lease. One of the tenants has a car in the yard. I told her at the signing (and wrote it i...