I am renting a house to a tenant that keeps making improvements to the house. He put in a backsplash in the kitchen, put up larger fence doors, light fixtures and fans, etc. I keep telling him to stop and he says don...
Hey fam. This is my first post. I’m a complete newb. I am interested in getting my first wholesaling deal. There is a depressed neighborhood in my back yard (Newark, NJ) that has tons of homes with potential but are d...
To those starting out I have a word of warning, trust no one. Every single person you think is working for you or with you or in your best interest, is working in their best interest. This is America. Nobody cares a...
In Rich Dad, Poor Dad it says: the people who hurry to catch the wave late usually are the ones wiped out. I wonder if that pertains to starting real estate investing right now. Maybe I wonder because I haven't starte...
I just purchased a duplex about 3 months ago and recently had the lower tenant move out because I raised rent higher than she could afford. That said the new people moved in and they are demanding that I test the pro...
I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...
Has any one of you heard of Jack's Hidden Tax Sale Cash program? He explains the tax deed loophole where you can buy properties for $100 and make big profits doing nothing but collecting overages from the county after...
Hello all,
So I'm looking for some advice here. My house was sold as a short sale, we closed on 11/4/09 and there was a first (Washington Mutual, now Chase) and second (Citimortgage) lienholder involved. I recently...
I've been thinking about a creating a direct deposit account to accept rent directly from tenant checking accounts to mine. I would have to give those tenants using direct deposit the account number. It would save...
Hello everyone,
just starting out in real estate investing and this site which has been a great read by the way.. so I almost fell for the bus tour 30k event in sunny California when I went to Armando's 3 day...