David Smith
2-Out-Of-5-Year Rule -- tax
You must have lived in the home for a minimum of two out of the last five
years immediately preceding the date of the sale. The two years don't
have to be consecutive and you don't actually have to live there on t...
Account Closed
Property Manager Woes
We recently fired our property manager for a bevy of reasons and have a new company with a stronger reputation managing our properties now. The old PM had a clause in their contract stating they required 30 days not...
Account Closed
Investing at a young age for a laid back future
My name is Agar. I am an presentable 18 year old, oldest out of my 2 siblings, graduated out of high school and working 2 jobs to take care of my family and to set a bright future for us. I've worked in restaurants my...
Joseph Waitkevich
Unresponsive management and HOA Board
Hi Everyone, Myself, my investing partners and our Property manager are having some trouble with the management company as well as the HOA board that our property is a part of. We are in a class C neighborhood and hav...
Luke Coale
Your favorite lease clause
Hey guys what are some of the clauses that you find extremely useful to have in your leases?
Roman Katz
How are you selling?
Hello flippers! I am a realtor and I am trying to set normal people with normal jobs financially free in the fastest cheapest easiest ways possible. I was just talk to a rehabber today and told me about how quickly yo...
Tyler Ledoux
During tenet screening can I ask what they think about budgeting?
I was thinking that after a prospective tenet passed the criteria to move in that I could ask them about if they budget or not. If not I could give them a handout that has useful tips on budgeting.Is this appropriate...
Taylor Wilson
How much do you weigh credit history when it comes to screening?
Curious how much others weigh credit history when it comes to your screening process? I recently pulled my own report using SmartMove and there were several inconsistencies when it came to the number of credit lines a...
Kathryn K.
Bizarre Letter From My Lender
Not sure if this is the proper forum for this question but here is the situation.
I just received a letter from my lender on my primary residence. It basically states how much I owe on the mortgage and that if I wis...
Adam Schneider
Seller Finance Your Assignment Fee
Sometimes you'll run into a situation where you want to assign a property but the end buyer is tight on cash to cover the purchase, the repairs, and the assignment fee. Consider seller financing some or all of the ass...