Grant H.
Went under contract based off of false info
To start, I’m attempting to purchase my first multi family property. I found a duplex that was listed for $250k. The market has been extremely competitive in my city so I acted fast and offered $255k which the seller ...
Anna Flores
Tenant caused damage and is trying to Jedi mind trick me
Hi, I'm a newish landlord and could use some advice.I have a tenant moving out this month who has generally been a good tenant other than she is moving out a few months early (although our market is super hot so not a...
Derrick W.
Does 1mil in net with make you a "millionaire"
This should be a fun topic. For arguments sake lets say.... You have 1 mil net worth in rentals. Positive cash flow. Let's say it's all financed through the bank with 20% down on each. That makes 20% of it your cash ...
Kevin McCollick
What to do with $20,000
I want to ask everyone in here what they would do if I had given them $20,000.
This could be answered 100 different ways and quite frankly I would love to hear all 100 answers.
Try to be as specific as possible, don...
Taylor Green
What repercussions does borrower have if foreclosed on by private
Hi,
I was wondering what the repercussions were for a fix and flipper (borrower) if they were to default on payments and get foreclosed on by their private money lender.
If the foreclosure process wer...
Steve Christensen
Contract For Deed Questions
When doing a Contract for Deed, how do you protect yourself, as well as anyone you place in the home?How do you prevent the Do On Sale clause from being exercised?I see many people promote doing deals in a creative wa...
Jasmine Claye
How Likely Is It?
I watch a lot of RE shows about flipping and solely renovating. I know that there is more behind the scenes then what is shown on TV but on these shows, they seem to be able to do a renovation for between 30-40K. Incl...
Kyle Doney
Contractors Charging Fees to Pull Permits
I have some work needing done that requires permits and the contractors aren't licensed in the city where the permit is needed. They want me to pay their license fee and a fee for pulling the permits and putting their...
Jessica Labos
What would you do with 200k in Toronto?
Hi all -I'm new to real estate investing and to this great discussion board! Thanks to all for sharing your experience! I have around 200k CAD and am looking at investing it in real estate in Toronto. I am 60 years ...
Richard McCaig II
BRRRR question... funding
New guy here looking to get into my first rental and a thought popped into my mind that I have no answer for.
The house I am looking at is $110,000. I am planning on using 20k to update the house. When I get a mort...