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Hi All, My wife and I are looking to buy a house in Long Beach, NY and we are first time home buyers. Our plan is to buy a 2 family house and use the house hacking method to get started as RE investors. Currently we h...
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I'm interested in hearing about dealing with Property Management Companies. I've used a number in different areas. They all start off good but it seems with time they can go to sleep at the wheel. I want my tenant...
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What do we do when the realtors ask fir verification of funds or prequal letter up front? I don't want to send financial statements on every single deal nor do I want to get prequalified on every offer. These aren't...
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We have a thread on tenant/applicants doing and saying the dumbest things, but almost every other day I read stories of landlords who do and say the dumbest things and it boggles my mind. While no one is perfect, I re...
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What are your baseline qualifications for a tenant? Do you find pre screening tenants with a few standard questions turns people away?If a tenant has NO credit - would you consider them?
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Hey Guys,I am just getting started and am hoping for some input on my first potential deal. It's a short sale that the seller's lender has approved for $90,000. ARV is $125,000. The seller is paying $3000 in closing I...
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I've read several of the forums on property managemnet software. The company I work for has 150 units that they manage through some older software that is reaching end of life. We are looking for a piece of software t...
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Let’s assume that the tenant has animals that ruin the laminate flooring. The flooring is unsalvageable.What if then I wanted to upgrade to vinyl plank flooring only because I have to replace the floor so I might as w...
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BPers, several years ago my lease ended and I moved out of my apartment in North Carolina. However, when I left I forgot to transfer the utilities back to the landlord. The next tenant moved in, never transferred th...
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I just bought a tax deed property in the panhandle of Florida. The current homeowners are still residing there. They have no money to leave and are in very poor health. They want to go to a month to month lease so ...