Hi everyone! After lurking and reading and listening to all the things, I decided to take massive action. I found a house that I (think) I want to flip in a neighborhood I am very familiar with. If I can get it at the...
I haven't hear of this before but the city of Cedar Falls Iowa is implementing a six month ban on home owners turning their house into a rental property. The ban can be extended for up to a year. Interesting, seems ...
Hi.
I have 4 rental properties financed through 3 different mortgage companies. 2 of the 3 told me today that they would call the mortgage due if I transfer the property to an LLC.
I am waiting to hear back from the...
In Florida, Teen killed in motorcycle accident ( highly suspect that his plan to claim on insurance went awry and strong prescription painkillers involved).Single person occupancy and he was the only person on lease....
A peer told me their rental story nightmare. They had a tenant move in and he paid on time every month for the first few months. Then he missed a payment and when confronted he said "If you evict me, I'm going to tras...
Here on the forums and the podcasts there’s lines of thought that say either “if you’re starting off build recurring cash flow with multi-family rentals” or “if you’re just starting off build your cash reserves with r...
Good morning all,
I need some help with a question please. I sent my tenant the rent increase letter with the two options, accept the rent increase and renew for one year or vacate by such and such date. The letter w...
Hey all,
Got my first lead today. It was from an out of state owner that purchased a condo with her husband (at the time) as an investment. Unfortunately the condo business in Florida is taking a real hard hit r...
I am looking into a 10 unit building that has an onsite property manager. The manager does not pay rent and is instead responsible for management duties. He also does keeps the grounds and does the repairs. The repair...
I have a tenant who wants to break her year lease 5 months early. She has offered to pay 3 of the 5 months but keep her deposit and last months rent.If we let her go, having some buffer to find a new tenant would be ...