Tomiko Graves
Investor and Contractor - 50/50 Split?
Hi all! I am interested in partnering with a contractor but not sure exactly what makes sense. Here's the scenario:My agent (or the contractor) finds the deals. I fund the purchase price of the home and the contrac...
William Danielson
New Member Reintroduction
Hey everybody. My name is William Danielson, a Marine stationed in Camp Pendleton. I introduced myself over a year ago, but due to an eight month deployment with little to no contact with the outside world, I've bee...
Jason Macht
$6,500 Behind in Rent, Lessons Learned
I wanted to share a story of when things go wrong, what it takes to overcome the challenges along the way, and 3 lessons I learned from this experience. More specifically, I had a case of a tenant that was over $6,500...
Rigo Medina
Homestead Exemptions on a Rental a no no
The home I owned turned into a rental for 4 years, but I did not cashflow. I could not sell it for the loan amount, so I rented it for 4 years. I never notified the appraisal district folks, that I was not using it as...
Dan Milinazzo
Short sale flip turned buy & hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lowell.
Purchase price: $212,000
Cash invested: $12,000
2 family (up/down) property. 3 bed 1 bath each unit.
What mad...
Quynn Costello
Realtor Placed Tenants In Unit
My partner and I went on an appointment to see a potential deal we would like to fix and flip. The property has been on the market about 4 1/2 months. We saw in the listing that there were currently tenants in the bac...
Marc Izquierdo
HUD foreclosure bid question
Hi everyone,
Back in August of 2017, I found a HUD foreclosure on the MLS, contacted an agent, walked through it, and placed a bid. The property was listed at 55k. I put a bid in for approximately 65k. The next da...
Peter Morgan
My tenant is pissed off because I witheld former tenant's deposit
I had two tenants from two different units and I live in the third unit.Both the tenants developed great friendship among themselves and ocassionsly used to party around. I liked their camaraderie, what more can I exp...
Wil Reichard
Contractor took down payment and fled
Was getting my kitchen remodeled. We were going to do concrete and had a contractor come to give us a quoteAnd YES I KNOW, we should have checked him out before trying to use him. He estimated $2800 for the job and 50...
Anette Lyons-evans
Heloc, Higher line of credit VS lower interest?
I'm in the market for a Heloc. I want to use the money for a down payment on an investment property. What's better a higher amount of line of credit or a lower interest rate? I have to apply tomorrow...HELP!!! Bank 1 ...