Account Closed
STAY AWAY FROM McMann Capital
DO NOT DO BUSINESS WITH McMann Capital! They are crooks! They instructed almost all of their clients to wire money to Genie Investments NV while they were McMann Commercial Lending, and Genie STOLE ALL THE MONEY! I l...
Devin James
Failure = Success
Last week, I had a call that I was totally unprepared for. I didn’t know the details about a project we’re working on, and it showed.
Lesson learned: Always prepare thoroughly before each call and be ready for unexpe...
Erich Snyder
Just acquired our first rental, looking to keep the momentum
My wife and just closed on our first rental property in mid December after a year long search. We went the traditional route with a realtor and MLS listings because we felt it was the safest bet as new investors with ...
Sandra Boles
setting up an LLC strategy for rentals
My husband and I have 4 rental properties in our personal names, and we are trying to get funding to purchase additional properties to build our retirement passive income portfolio. Some investors tell us that these ...
Shawn M.
DEBATE: Cash Flow vs Cash on Cash return
When evaluating a property what do you look for:
High Cashflow?
Example: $74,000 house rents for $900 month, buy with all cash gives you a 9% Cash on Cash return and a $587/mo cash-flow.
or
...
John Barrett
Case Study - Actual Cost of Eviction & Rehab of Unit - In Washington State
I created this post to address a question I get from many other landlords. What if I have do an eviction (and what will it cost)?During the pandemic many landlords in WA State were prevented from evicting problematic...
Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city). There were no formal terms or expectations - it was just "here's the money, don't be dumb...
Violet Lisa
Applicant did not disclose their emotional dog
I guess my situation is a little unusual - I have a potential tenant who has filled out applications but did not disclose they have an emotional support dog until we mentioned there will be a pet deposit since there w...
TJ H.
Developer building high-rise behind me-want to buy my twin duplex
Hi,My sister and I own a twin duplex near Philadelphia, PA. The other (half of?) twin is own by someone else - and it's also a duplex, owner occupies one unit, other unit is rented out. Our twin duplex is rented out a...
Mary Jay
Time management-working full time+investing
Anybody here working full time (for corporate or standard 9-5 job)+ trying to invest+being a single parent (translation: doing homework with my kid), anybody like me?How do you guys manage time? I feel overwhelmed...M...