John Cornelius
The same-day-turnaround thread
Hey everyone,Let's discuss the pros and cons of the enigmatic, lucrative and tight-rope-esque SAME DAY TURNAROUND.What are your tips, tricks, strategies and stories regarding the practice of renting your STR on the sa...
Account Closed
Is getting a GREAT deal unethical?
Apparently, I'm guilty of elderly abuse for getting this great deal. I recently posted on my real estate investing IG page about a 3-plex that I was lucky to purchase in late 2018 for $25k, with $2100 rents. It didn't...
Michael Limjoco
Paying down Rental Unit Mortgage?
Hi all,
I'm new to these forums and heard of it through Jaime Tardy's interview with Josh Dorkin. It was like the heavens have opened for me and here was this wonderful resource I had been missing all along!
...
Gregory Mizzi
New to REI from New York / NYC
My name is Greg, I am 30yrs old and I live in NYC, specifically Manhattan. However, I was born in Queens and lived in Brooklyn for a few years. I was born, raised, and lived in NYC all my life. I have zero experience ...
Adam Knickelbein
Cash flow = NEGATIVE $2,000 per month
Hi everyone,I'm looking for my first deal here in my hometown of Boulder, CO. What I've found is that price-to-rent ratios are high - ranging from 24-30 depending on zip code. The median home sold price is $800,000, a...
Jennifer McElliott
Remodeling with Tenants in the unit
Hey all - this is the first time we're closing w/ inherited tenants... and the place is outdated and worn. The tenants are both (this is a duplex) on month to month leases that are under market but I suspect that's a...
J. Martin
Another master lease signed this afternoon: A lesson in solving others’ problems – IN FLIP FLOPS - + My Mistake
In the last 24 hours, I took a headache off a busy man’s (dad’s) hands, am hooking up an international student with a baby w/ new furniture, baby stuff, and a place to live, and borrowed 5yr funds supported by the cas...
Mary B.
Adverse Possession
Hello BP,I was reading over some info and came across this link regarding adverse possession. http://www.nolo.com/legal-encyclopedia/state-state...Most states have a decade or more timeframe. However there are a few s...
James Elden
Do lower end / cheaper rentals do better in a downturn?
Question for those who have been around a while, I haven't been able to figure this out myself from research. I'm referring mainly to larger markets, say over 1 million people at least, during a housing crash / downtu...
Nicholas Jose
Need help rejecting this tenant in NJ
Good morning, BP.I am in the process of writing a rejection letter for an applicant here in NJ who is unwilling to disclose his financial history. I ran a background check before on another applicant and she submitted...