Brian Adams
Created $4+ million in equity in 15 months - lenders are a pain
In July 2014 I bought a 200+ unit off market deal for $6 million that appraised for $7.4 million at day of purchase in Dallas, TX.The deal was a re-positioning/value add play - meaning I had to clear out the "bad appl...
Rob Else
Duplex deal, also first investment, need advice
I've been reading a lot on these forums and have bought a couple of books from this site. I've learned a ton. I've also been putting together my team with a lawyer and banker. Everyday I practice analyzing deals th...
Deisy P.
Month-to-month Tenant ,Paying me less this month
The tub was backed up every time the washing machine was being used. I asked the plumber to check it out. Started rotting and brought up feminine products that wasn’t supposed to be flushed. My fault, I had no idea th...
Jeff Russell
What To Offer On An 8-Plex
Hello. I don't know how much to offer on a multi-family property I am interested in. It is 32 years old and has 8 units, which are 1,218 sf. each. They are currently renting for $565. and the interiors are not too old...
Amanda Smith
Newbie from Bozeman, Montana
I am currently living in Bozeman, MT (moved her about 8 months ago!) and am looking to get more involved in investing. Currently my husband and I have one single family home that we rent out in Denver, CO. We are plan...
Kyle Eckert
Assessment warning STL
A cautionary tale with actionable advice for STL specifically, and probably REI in general.Advice: When looking at tax numbers for your investment model, make sure the property is assessed correctly when running the n...
Michael Medaglia
Proving “Use” Requirement for Full Exclusion of Gain
My wife and I are approaching 2 years of ownership and use of our only home as our primary residence in which case we should qualify for full $500 exclusion of capital gains upon sale. The problem is she is not on the...
Maureen Santibañez
Collecting rent from tenants
How do y’all collect rent from tenants?Me and my family recently came across an ad that seem too good to be true. It was for a rental on Craigslist. 3bed 2.5 baths all bills paid except water with a security deposit o...
Josh Wallin
Dedicated REI bank account
Can anyone offer advice on how/where to set up a dedicated REI bank account(s)? Should I ask about high yield savings accounts or just keep all REI cash flow in a separate checking account? Does each property need its...
Tobey Porter
Tenant making threats
Long story short, I have a tenant at a property in Ohio who is unhappy with how another tenant is parking. My property manager has spoken with both tenants and tried to fix the situation. In the midst of a profanity...