Account Closed
Inherited Tenant Nightmare
Hi all, I recently purchased a duplex in Memphis, TN that was occupied. This duplex is in a good neighborhood near Rhodes college. Rents are below market due to long term tenants being in place, and both leases expire...
Dan N.
Tenant claims late fee clause of lease is invalid
Hi BP,
This month I have had my first late rent (two tenants, actually). I sent a firm reminder email right after midnight asking if everything was OK and summarizing the lease's late fee schedule.
Thi...
Aaron Krawitz
College Station Rentals?
I've been looking at a handful of multi-family units in the College Station area (Between CS proper and Bryan). I've never owned an investment property in a college town, but I've read about high tenant turnover and i...
Ilya V.
Mortgage Financing for a Multi-Family - based on equity or income?
Hi everyone,I have heard two different things regarding obtaining bank financing for a Multi-Family property (larger than 4 units). One is that the bank will finance you based on the income that the property will gene...
Johann Jells
Flat roof advice needed, roofing old building becoming nightmare
I'm putting a new roof on a 1,150 gross sf ft brick 100 year old rowhouse. I've had 2 highly recommended roofers in and my head is exploding. Roofer #1 only uses PVC, and tells me he'll wrap it over the low parapets ...
Ramez Qubain
One million dollars in cash to invest in flipping houses
Hi Guys,
I have one million dollars in cash to invest in flipping homes. shall I flip a bigger number of small value houses or fewer bigger value houses? I.e. Shall I diversify more with less risk or focus my...
Steve T.
50% rule on SFH
Hi all,
Looking into purchasing an investment property. In my home market, I can get into a little 2 BR SFH for about 60-70k that should rent for $650-700 or so per month.
Here's what I don't get. Using the 50% ...
Benjamin Curtis
Property Management companies in Gatlinburg/Pigeon Forge area
I am trying to find info on property management companies in the Gatlinburg/Pigeon Forge area. Does anyone here use a management company in that area? Could you tell me who you use and why or why not you would recomme...
Tony Hoffer
To 401k... Or Not??
Curious what everyone's thoughts are on the following 2 options:
1. Put money aside in 401k and take a nice tax savings now, but not be able to leverage the money easily for REI. With a Self Directed 401k I may have...
Peter Heldstab
Out of state turnkey investing
Anyone from Minnesota invested in turnkey properties out of state? If so, which ones and how has your experience been? I would love to get some feedback as I am doing a lot of research and talking with companies in In...