Mike Kruser
What makes a slumlord
Ok for the landlords out there question.
I did math on a bunch of properties and saw in my area the only way to make positive cash flow on a property is that it starts around 6+units which is like 800k starting, and t...
Ken Nyczaj
Contractor is equity partner, pay him hourly too?
Hey Everyone,Settlement is next week for my first flip. I have some questions about how our profit/ payment structure is setup, here are the details:--- 4 Owners in an LLC taxed as an S Corp--- Myself and 2 other peop...
Randy Ray
I am seeking advice as a beginner as to where to start
So I am a 27 year old single dad looking to begin my lifelong journey of my passion I've always thought about going forth with it but now is the time I would like any help or advice as to where to begin I have strong ...
Tomo Iikubo
Evicting Tenant with Medical issues - Feel like a grinch
I am having to evict a tenant for the first time, and wanted to get some perspective / opinions. Tenant had an ongoing trend of late payments, etc., which I let slide for the first few months. October check bounced,...
Brandon Ingegneri
How I made $100,000 in 11 days with a phone and a pen!
I am new to the site, and I am trying to get involved as many discussions as my experience allows me. I saw the, "Success Story" heading, and a deal from 2009 or 2010 popped right into my head. I had been involved i...
Brandon Turner
Landlording ain't always fun... (photos of the FIRE included)
So, this post is NOT meant to scare you, newbies. But... this is gonna freak you out :) This tenant is in the process of being evicted. To make matters worse, he lit his kitchen on fire; accidentally, supposedly. Anyw...
Ryan M.
Why do people use property management companies
This is a question I have always had.......A property management PM takes upwards 10% of gross for receiving the rents. Bills every time for a repair and some add a rider on top of the repair. Bills a substantial amou...
DAn L.
Renting Shed homes
I've been building some tiny homes the size of a shed (using the footprint of a shed, so no permit), and so was wondering if I could rent these out to people, for rental income, and if so, what would be a fair price p...
Victor Olowu
How do I get to use this 60K?
I'm going to stop working in next few months, and spend the next 2 years doing my masters. I have about 60K in my current employers 401K that I will have an option to roll into an IRA once I stop working there. Sinc...
Mathew Wray
Buy and hold houseboats?
Hi all,
I'm curious if anyone has any experience buying and renting out houseboats? I know there are slip fees (if the slip isn't included in the purchase price) and I'd be shocked if there weren't some sort of HOA f...