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best approach for acquiring rentals
If a new investor has around 300k to begin acquiring rentals, would it be wise to buy the first property ALL cash, and then draw on a LOC from that first property to buy the second ALL cash. Or just begin to purchase...
Elliot B.
Submetering Heat with BTU/Flow/Energy Meters
Hey all,It's winter time and the oil is flowing. This gives me plenty of incentive to find a way to cut some of these heating expenses. Most of the time when the topic of submetering heat is brought up the consensus i...
Dakota Williams
Please help new investor!
Hello community! New investor here need advice on a deal I am about to do. Feel free to roast, criticize or give any advice you have I can take it. Backstory: 22 years old about to get out of military after first cont...
Sylvia H.
Tenant stuck toy in the toilet and doesn't feel its her fault.
Have a question for all you landlords out there. I have in my lease a clause which states that the tenant is responsible for keeping the sinks and toilets working. Barring a leak or a gut replacement which happens, I ...
Michael Ealy
Some Say Owning a Rental House is NOT Passive - Prove/Disprove It
Landlords, BIG and small...Here's a question for you.How many minutes/hours do you spend every month on average doing all of the following: (per property)1. Calling your Operating team - Property Manager, leasing agen...
Clay Manship
What To Do with These Tenants?
Here is what is going on:I purchased a 4-plex on September 11, 2014. 2 of the 4 units came occupied, so I inherited two different families as tenants.I am utilizing FHA 203k financing on this property, so I would idea...
Jeffrey Hayes
Hard Money Loans Process Overview
Hi, I'm flipping homes now and was just wondering if anyone who has any experience with hard money loans could give me a brief overview of the process as far as whether or not you need to get pre-qualified with a har...
Nate Sanow
Mortgage forebearance EXTENDED, no crash in sight
I just read the Housing Wire article stating they are going to extend FHA Forbearance into December 2021 for “certain borrowers.” Stuff like this is why in my humble opinion everyone holding their breath for 2021 to l...
Jesse Smith
Tenant Abandoned Unit - What Type of Lawsuit for Unpaid Rent?
This is in Missouri. One of my tenants stopped paying rent in October. He then called me in mid-November and said he had moved back home with his parents, and he would no longer need to rent the unit. His lease run...
Alex Wise
Save Cash or Invest?
What do you recommend for short term savings? I’ve been a bit timid with purchasing my first investment property. Analysis paralysis makes me hesitant at this time with interest rates what they are and anticipating a ...