Casey Miles
$1 million in equity and "only" making 56-64k a year.
Hello Everyone,I think it's time for a change.I really want to keep my post on topic. If you have questions or want to debate CAP rates, cash on cash, etc. please shoot me a message and we can go from there.A little h...
Derek Duplechin
First investment property! Took action!!
Hello BP!!! Well after many, many months of reading and educating myself from the wealth of knowledge here my wife and I have purchased our first investment property! Ruby Door Properties, a brief history: I like many...
Amalfi Duran
Just bought house with inherited tenants and they don't allow me
I just got a property in TX for 125K if renovated bathrooms and kitchen will appreciate to 190k as per appraisal. I took a hard money loan including money for the renovation. Now the tenant is giving me a hard time, t...
Rick Bassett
Tenant screening uncovered DUI's, jail time etc
Hi All,
Looking for a sanity check here with a potential tenant.
He called on a property, loved it with 2 minutes of walking through it (almost no one loves this property as it has a strange floor plan) and emailed...
Justin Johnson
My First Rental Property Freak Out
Is it normal to start freaking out after you purchase your first rental property? I know I am seriously freaking out. I hope that it's just the jitters from all of the new things going on. This is the first propert...
Account Closed
Are gas stations a bad investment?
My dad made a significant amount of money buying and developing gas stations in the 90's. he's held all of them since, collecting rent checks each month, all are on a NNN lease.He's wanting to buy more now and I perso...
Jamie Nacht
Balancing Cash Flow and Appreciation
What's preferred: (1) High cash flow, but low chance of appreciation, OR (2) modest cash flow, but high chance of appreciation? I had a discussion last week with a fellow investor, and we were debating the merits of e...
Sean Cromarty
Do Hard Money - Hard Money Lenders
Had the displeasure of dealing with this company. After several weeks of not hearing back about a home appraisal (home is under contract FYI) I reached out to find out what the hold up was. Come to find out they could...
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
I looked at a loan request today. I know the area very well in Philadelphia, without seeing anything my first thought was the property was worth 350k or so. The appraisal came in at 640k, the comps they used were out ...
Moses Moreno
Condo Investing Warning!
We had a pleasant emergency HOA special assessment meeting this week. Due to updated CA codes & regulations, coupled with the lack of foresight & planning by the HOA Management & Board, our complex has to ...