J. Martin
Consistent Late Payments but keeping Tenant - stupid?
1 of my 6 units in a lower-income neighborhood is late consistently, every month. I have accepted it so far, w/ late fee, for over 6 months. And so far, plan to continue doing so (but adding a daily late fee). Howe...
Mike Franco
Dealing with tenants who don't want to pay last month's rent.
I've read about them. and I'm dealing with them.
They think they can just use their security deposit as last month's rent, leaving the landlord holding nothing to cover damages.
Do tenants really have the upper hand...
Justin Owens
Forming an Arizona LLC
Does paying an attorney to form an Arizona LLC actually provide more protection than just filing the paperwork yourself? I don't have anything crazy going on just a couple units growing slowly over time.
Justin Silverio
Fire Damaged House
I'm going to look at a fire damaged house tomorrow night. I spoke with the homeowner and he said someone from the insurance company took a look at the damage and said the 1st floor would be a complete gut rehab and t...
Marc Izquierdo
Homeowners, liability, landlord insurance?!
Hello everyone!
I am starting to look at and analyze some deals in hopes to buy in a year or so. Specifically multi-family (3-4 units). During the analysis process, I started to think more about insurance and had s...
David Repinski
Failed mortgage on rental property(IRS expenses?)
In May of this year I had a failed attempt at securing financing for a mortgage on a rental property. I ended up paying cash and then refinancing two months later. The question is about the cost of the failed mortgage...
Ron Read
Checkbook IRA for first Buy and Hold?
So after probably too much research, I'm looking to take a leap into some buy and hold or perhaps BRRR investing, but I'm short on savings, while long on IRA assets. Rather than wait any longer, I've decided to use m...
Kevin Drouillard
Analyzing a Turnkey acquisition
Hello All,I hope everyone is well and doing great in their investments. This post is in regards to a turnkey product that I've had under contract for a while and am nearing closing. The house is a 4br/3ba. It is in th...
Travis Kemper
Stairs in rental property not up to code
Hey everyone, I'm under contract for a house that is quite old (1930). The stairs to the finished attic are not up to code, which is not overly surprising due to the age of the home. My question pertains to the lega...
Steven Sather
Buying 1st quadplex and needs electric upgrade
Hello,About to purchase our 1st quadplex in Colorado Springs. The inspection came back with 2 big problems: electric is at capacity at 60 amp and needs to be upgraded. The second, while not an as big of an issue is ...