Larry Turowski
How do you handle the stress?
The latest one for me is my rehab contractor disappearing for 5 days. He finally returned my calls today and said a family member out of state had tree fall on their roof. He went to help fix it.But I find I stress ...
Shannon Smith
USING ALL OF OUR SAVINGS TO BUY STR
We have $100,000 savings in the bank. We found an amazing and unique $500,000 house with 5,000 taxes. We can put 10% down and with closing costs spend about $75,000. We will easily spend the remaining $25,000 in misc ...
Shawn M.
DEBATE: Cash Flow vs Cash on Cash return
When evaluating a property what do you look for:
High Cashflow?
Example: $74,000 house rents for $900 month, buy with all cash gives you a 9% Cash on Cash return and a $587/mo cash-flow.
or
...
Robert Arnold
Have you had a loan called after transferring a property to LLC?
Purchased a property in my name with a 30 yr fixed mortgage (big corporate bank). Have sense formed an LLC. Planning to transfer into the LLC. Would love to know if anyone has done this and the bank called to load due...
Oscar Martins
Building department doesnt like it when i do my own repairs
Went to the building dept in my town today, I have some electrical work that needs to be completed in order to get a clean certificate of occupancy, anyway they said that i needed a licensed electrician to do all of ...
Kaylee Walterbach
Did you make any rookie mistakes? (Plus, NEW BOOK!)
First-Time Home Buyer: The Complete Playbook for Avoiding Rookie Mistakes is available now!
@Mindy Jensen and @Scott Trench have been buying and selling houses for a collective thirty years. In First-Time Home Buye...
Account Closed
Should I let my real estate licenses go?
I’ve had my license coming up on 4 years and I’m debating if I should renew it or not. I’m not so confident in sales nor do I feel that I’ve given it my best shot either. It is pricey to keep up the license and I have...
Latisha Douglas
Calling all (successful) Low income (class C / D) investors
Please share your systems and tips for successfully running a low income investment strategy. Especially around rents, maintenance, evictions, tracking expenses etc.
I recently purchased a few low income properties ...
Bill Briscoe
Should I rent to tenant with 540 credit score
I have 1 property which rents for an above avg $1275/mo, SFH, tenant pays all utilities, yardcare, etc. We did a full reno 3+ years ago and have a mtg so cash flow is only about $450/mo. So far we have had 3 tenants...
Christopher Smith
California Draconian Rent Control and Property Tax Inc Nov Ballot
In addition to an irresponsible Draconian Rent Control measure, California will also be voting on an equally irresponsible Confiscatory Property Tax increase in November.Props 21 and 15 respectively, will combine to t...