Jack B.
Sell rental now or spend the money to fix plumbing?
I have a house I bought with cash just over 6 years ago, living in it for 2.5 years then renting it out for about 4 years. Right now sitting vacant though I have a tenant ready to move in. Freshly painted, etc. I make...
David A.
Can I use Convenience checks to start off my rehabbing business?
Twice a month I have been getting checks from Chase and Discover offering $10k, $12k at 0% interest for 12 months. I usually shred them on the spot but was wondering if I can deposit them in my account in order to sh...
Tim Porsche
As-Is House Purchase - Seller Misrepresented - Any Recourse?
Hello All, I am under contract to buy a duplex via a wholesale deal and have already given the earnest money deposit. The house is being sold as-is. I still intend to buy the house, but found out something rather anno...
Raj Konda
new build construction - builder issues
I entered into a contract with a reputable builder ( at least I thought at first) in SW Florida. This is my first experience and has been a stressful one to tell the least. Sharing my experience below -
Entered int...
Mark Douglas
Mitigating Property Damage ???
I just gave a tenant a 30-day notice to vacate. Actually the 30 days starts on 09/01, but as a courtesy, I told her the clock would start on the 1st, so I basically have her a couple extra weeks to make arrangements....
Kathy Judd
What's the next step in short sale?
Hi everyone,I'm super new to short sales and I'm just learning as I go. I'm not sure what to do next and would like some feedback.I have a property picked out. The owner of the property is willing to go through the sh...
Meagan Inman
Inherited Terrible Tenants, Need Advice!
Hello everyone! After signing a warranty deed and a lease assignment, I now own a beachfront duplex! However, it came with some unnecessary stress in the form of 20-something year old tenants who won't work with me. T...
Anthony Caiafa
Building a flip partnership with a GC
I have seen a few threads on this but haven't really seen much concrete information. I have a GC that has built multiple houses for me personally to live in. He is a solid person and we are going to start working some...
Andre Chambers
Application of principles from Never Split the Difference
Hi BP!Just wanted to share a recent success story of my girlfriend in negotiating. I recently read Never Split the Difference by Chris Voss on the recommendation of a member. Instantly top 10 book for me as far as pri...
Kenny Tan
Year-end strategy to lower taxes for landlords
I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...