This is probably not a 100% real estate question but more of psychology question i guess. So here is the deal, one of my very good friend is going through a rough marriage and lately he is been involved in an affair w...
If you had the capital, would you wait for the correction or still invest now?I understand local markets will drive the ultimate decision, but it feels like every market I look:1) unemployment is through the roof in t...
I know this is a loaded question...I am selling a property in NY and live in Maryland. I do not like the idea of an out of state rental but looking for a good area for cash flow and the least amount of headaches. I...
In 2005 my oldest brother asked me how my house sale was going. I mentioned it went under contract in three days and we were making $125,000 profit. I was in the military and would be considered lower middle-income at...
Background:
I just turned 40. My net worth is 3.2 million. 1 million liquid cash, the other 2 million is equity in my houses including primary residence and rental properties for a total of 8 properties. Cash flow i...
For the longest time people have predicting inflation, now we are at 6.8% in November after I thing 6.2% in October. The FED said this is going to be short term, but I have a feeling it's going to stay with us and lea...
Hi investors,My first tenant moved out after 7 years and it is costing me $7-8k to fix! What's your average move-out reno cost? And how many years of cash flow is it wiping out? This is my first move-out and I"m fi...
Hello all,
If anyone could share their thoughts/experiences with evicting tenants for non payment of rent, I would be most grateful. I file for an eviction hearing which I will need to attend in 2 weeks and I am h...
@J Scott inspired me with his diary of a new construction project to do one of my own. So not to be outdone, I'm actually going to do two. This one will be for a project that we have recently completed. I'll add ne...
Can you talk about in what condition you are buying properties, and how are you buying them?I really want to go down this road for my next investment but it seems a lot of the properties I see that would be "BRRRR-abl...