Barbara G.
AM I losing Money on This Duplex Or Is It OK?
How are we doing here?We Bought 2 matching Duplexes in Feb of 2014 and paid $332,000 (+ closing costs) for both of them.They needed approx $37,000 ($18,500 each) worth of rehabbing and were occupied with tenants pay...
Corey Dutton
The Story of a Loan ‘Shopper’
In the lending industry, there is a commonly used term called a “shopper” to describe a person who is calling every lender in town to find the best deal on a loan. Experienced lenders can usually spot a ‘shopper’ a mi...
David Yee
How to inspect house when purchasing out of state
Hello! I am currently reading J. Scott's The Book on Estimating Rehab Costs. I plan to purchase my first property within the next year but will most likely be doing so out of state due to financial constraints. How ca...
Mary Paras
Cleveland Criminal Complaint for High Grass and Weeds
Hi, I got a "criminal complaint" (misdemeanor) from Cleveland Municipal court because my property in Cleveland has "High Grass and Weeds".I pleaded Not Guilty because the PM confirms it is the tenant's responsibility,...
Ignacio Rosenberg
Raising rents on acquired property during COVID
Hiya all;We're closing on a property in the next few weeks and struggling with balancing the business and the human side of what we do. The property has tenants in place but are between $130-200 / mo under market at ...
Kimberly T.
Can you charge a different application fee for a married couple versus 2 individuals?
I'm researching PMs in other markets we're considering buying in, and have seen some PM sites with info for prospective tenants. When I look at their apps, I have seen some with the following type of set up:
...
Jeff D.
flipping out over possible s-corp loss
Here's my simplified as possible scenario:
in 2011, I set up LLC, bought and sold flip title in LLC, LLC made 25k profit on sale of flip. Took 25k out of LLC account and put in my personal account. Towards end ...
Lloyd Segal
Economic Update (Monday, December 14, 2020)
Economic Update Monday, December 14, 2020)Emotional intelligence, an important concept for investors to understand, is loosely defined as being able to recognize the feelings of ...
Kyle H.
Virtually NO Maintenance Reserves Needed for Property Analysis!
Hello everyone - I am starting this topic because I am curious to know 2 things:1) Is there anyone out there doing this with success?2) What your thoughts are around this subject, in general.My uncle owns (outright)...
Mike D.
How do you deal with Chronic Late Payers?
I've inherited a few rentals with chronic late payers. They are all 10-20 days late. I always post the notice to pay or quit about 5 days in just in case they don't pay, but they always have.I'm sick of posting notice...