Lucas A Davidson
Advice for Lender - are they "messing with me?"
So, I purchased my first "flip" in June for $62k, did 33k in renovations, and now renovations are done. My broker thinks comps would come in around 145-160k. I recently decided to rent it instead of selling it, as ren...
Austin Powell
Tips for First REI/House Hack Deal
Hello,
I am beginning the hunt for my first property. I've had my ear against the door of REI for a few years now and I'm finally ready (within the next 12 months or so) to dive in. The main goal is of course to omit...
Greg Moore
Please join me in roasting crappy Appraisers!
The role of the Appraiser is an odd one: Way too much art (opinions) and way too little science (data-analytics), with way, way, way too little accountability. While the world embraces tech tools to automate workflow...
Paul T.
Option to purchase counting as claim of ownership
I have been very interested in the lease option investment strategy lately, but when I spoke with my local attorney, a serious risk surfaced that I want to understand more. The risk is on the tenant buyer end (you doi...
Joe Splitrock
Nightmare Tenant Featured on Local Television and Has a Website
Last night on the news there was a story about nightmare tenants George Zimmer and Jennifer Zimmer. They have been screwing landlords in Sioux Falls, Florida and possibly Chicago for years. I heard the name and realiz...
Mike Smith
Rule of 100, 1% Rule, or whatever it is called
In looking at rental properties with a realtor, he mentioned the rule of thumb of looking for something with gross rents of at least 1% of the purchase price. What are your thoughts on this? Do you use this rule? If s...
Sean Brennan
Joining the 1%
I've seen it written that 99% of people that come on here and claim they are going to try wholesaling do not do one deal. Not the best of odds. I'd like to think I have a few things going for me that will increase t...
Charles Marshall
Common exit strategies for buy and hold investors
What are come common exit strategies for a buy and hold investor? Considering investing in properties with little or no money down. If I need to sell, I'll incur the typical closing costs which would essentially mak...
Alex S.
Single Member LLC and Limited Liability?
Hi Folks,I am looking to purchase my first investment property (either a SF home or less than 5 MF units) and plan to hold it in an LLC, with myself the only member and the member-manager. A couple questions about th...
E C
need advice with my apartment
I own an apartment in Manhattan that can rent out for approximately $4,500 a month. My monthly cost is only about $1,500 (common charge and tax) since I have already payoff my mortgage. I am thinking to create a par...