Remington Lyman
Can I legally rent out my basement?
I own a doublex. I rent out 1 unit and the extra bedroom on the side I live in. I was wondering if I could also start to rent out the basement on my side. It is unfinished but has windows and you can remove to get out.
Mario Morales
I'm at a crossroads: should I refinance now or persevere and pay down another $40,000
Here's my situation: I accumulated credit card debt to finance my last property rehab, which is now rented and generating income. However, I'm burdened with credit card debt, a HELOC, and a personal loan. Despite hold...
Tom Agius
How to find a good GC in Los Angeles
I am Developing a 34 Unit 8 story Multi Family rental property in LA. Its currently in the entitlement stage so we need to find a great General Contractor to start working with on cost estimation, VE and schedule and...
Kevin Nichols
Tenants "Welcome" Letter - operating procedures
Does anyone have a good "operating procedures" for new tenants? Like a standard 1 page list of do's and don'ts, contact info, payment procedures, late fee info, etc. This would be a quick "read" that is beyond the re...
David McIntyre
lien or refi options pls?
Hello all!I'm an experienced investor that's emerging from a difficult period. Need input / ideas / comments on following pls.I have 2 SF rentals that I'm facing foreclosure on as I fell behind w/ the mortgage payment...
Henry Stewart
Reset breaker - property manager question
Long time lurker on this site; first-ever post. I own a single family home that was my former primary residence prior to moving. I live out of state so I use a property manager who is local to the home. It's a long-te...
Conway Churaman
Need a plan to raise $80,000 in 2 months
So I am basically out of savings while I sit here in Orlando Florida waiting for a few months already trying to figure out my first move in real estate.I quit my job of 12 years in New York because of my dreams of bei...
Paul Sandhu
How much of a cleaning fee to charge an employer?
Sunday evening I had a guy move into a STR. He came here to work a short term job. He didn't show up to work Monday morning. His boss and I found him in bed unresponsive. He had overdosed. Had to call 911 and EMT...
Account Closed
Buying My First Duplex - How are my numbers?
Long time reader, first time poster here! I'm thinking of putting an offer in on my first duplex. My numbers look good, but I'm worried that I may be missing something. Could you guys take a look at my spreadsheet and...
Steven Morris
Looking for advice on how to grow, read body for details.
I started REI about 3 years ago now. I've gone from nothing to doing 13 deals. A mix of BRRR and flipping SFH and duplexes. I am now at the point where i've got around 200K capital saved up from those deals. I read Da...