Matthew Samson
Should I engage a CPA now or wait until we've built up a basic portfolio?
Hi all. My wife and I are still in the 'learning phase' as real estate investors, but we know for sure that in the next year (a) we will be converting our primary residence in to a rental, and (b) buying another house...
Denise Evans
Pricing the Short Sale Offer
I'm a former banking lawyer, and former lawyer for the FDIC closed-bank division. I can tell you, from the inside, how banks evaluate short sale offers. Since then, I've successfully negotiated many short sales to buy...
Kyle Grimm
Sub-metering Mobile Home Park
Hello all, I am currently negotiating a price on a small 22 space park in Illinois that currently has one water bill sent to the owner. The bill is around 10,000 a year and I am starting to look into having this sub-...
Rory M.
Security deposit and itemized list questions
Prior to renting out our unit we did time stamped photos & provided a move in checklist for our tenants. Upon move out time we provided a move out checklist. During our final walkthrough we noted they left the uni...
Scott A.
average time to rehab by Outsourcing?
what is your average time to rehab before you flip? *So we are clear I am only talking to flippers that Outsource their work to be done, not do-it-yourselfers.Since I am financing my deal Common Sense tells me that I...
Evan Kraljic
Duplex Remodel - High Interest Rate BRRRR?
Investment Info: Buy and Hold Duplex in Minneapolis, MN
PurchasePurchase Price: 302,500
Remodel Budget: 50,270Initial Loan Terms: 5.125% interest rate fixed for 5 yrs, 25 yr am, 246k loan (80% LTV) - $1953/mo PITI. ...
Nat C.
Tenants says it's the landlord's responsibility to cut the grass
Tenant living in SFR refuses to cut grass. First she told me it was my responsibility to buy her a lawn mower to cut the grass. I went there today for the first time in months and the grass is knee deep. I'm worried I...
Mark Gaskins
Offer accepted...now what?
OMG!!! The time has finally come...after hundreds of homes analyzed...several offers beat out by cash offers...fighting the temptation to give into the insanity...Our offer has been accepted!!!Currently being rented.O...
Mario Masseroli
Newbie needs recommendation on contractor Westchester NY
Hello,This is my first post on the forum. I have been researching quite a lot and feel ready to jump into action. I have been actively looking for details and have found a candidate house. Now here is my biggest issue...
Mario Russo
Best Advice for Getting Into Real Estate
Hello BP,My wife and I are looking to purchase our first rental property, ideally a 2 unit multi-family somewhere in the midwest. We currently live in Minneapolis and have looked in other areas as well to invest such ...