Nathan Gesner
Landlords beware!!! Tenants have a new way to cheat.
A property manager in Florida just received an application from someone using something called a "Renter's Identification Number" instead of a social security number. They've researched it and discovered this new serv...
Reed Mollins
Mistake lease with $0/mo , can i get my tenant to pay?
so, i use an e-payment system, and last summer it generated a $0 lease and sent it to the tenant. That was dumb. But what was worse is that when it came back to my office, my person signed it too! but i'm not done. Af...
Bill Haywood
My First Commercial Building Deal - Your thoughts?
Hello all,I have just bought my first commercial building and would love your thoughts on it! Deal and building stats below. A bit of context for you all, I am 28 years old and this is my first real estate deal. The s...
Patrick Philip
Is there a better finance strategy for large purchases than this?
Someone once told me that he "builds or purchases and repositions" at 75% of FMV. Then, after 3-12 months, he refinances at 100% FMV and they lend him 75% of the value, meaning that he got all, or most, of his money b...
Tyler Vining
Deal in Hand - Should I Wholesale or Buy and Hold?
I have a lead on what seems to be a deal. I’d like to solve the current owners’ problem and hopefully create an opportunity for myself.Property:
Location: Tulsa, OklahomaType: Single familyBuilt: 1999Size: 2,675 SFLa...
AJ Wong
What is an Assumable Mortgage? How they work & ways to close with a portable loan
Hot investment topic alert: Assumable mortgages and purchasing properties with one. An assumable mortgage is effectively a 'portable' loan. Instead of applying for a new mortgage the buyer takes over the sellers exist...
Juan Lara
The 1% Rule Thumb For Cash Flow
So I Just listed to Postcast #272 and I learned the 1% Rule of thumb "If a property rents for 1% or close to what you pay for it more than likely has positive cash flow" Your thoughts ?
Derek Malveaux
New Construction Loan Terms
I was recently approved and received loan terms for a new construction SFR spec loan. I have experience with fix and flip but this is my first new construction project. The interest rate is 12.5%, which is understan...
Hugo G.
tenant screening
Would you rent to a 35 year old attorney with 370,000 in total debt? (including 270,000 in student loans whose payments were supposed to start in June.) Person makes about 6000 month with a state job. Rent is 1600 a ...
Deadrick Colbert
Attracting Private Money
I have several people that are more like acquaintances than close friends. For the folks that I know well, I have taken the luncheon approach to chat about private money. However for these acquaintance prospects, I...