Would you close with a $63k lien on a $15k property in the Atlanta metro area? We are under contract to buy the vacant property for $15,000. It has an existing lien of $63,000, and the title is still under review wit...
water pipe ruptured huge mess tenant had to stay with relative for a few days and our manager promised unspecified compensation for tenants troubles. Decent tenant we have no prob issuing a comp credit to their rent p...
I have been approached by a small-time industrial subcontractor who needs a money partner. He has contacts that will provide him with steady high paying corporate work. But they dont pay for about 30 to 60 days afte...
My home purchase was seller financed. I recently extended/refinanced the note with new terms - in the new contract, the note is interest-only there's no prepayment penalty after 3 yrs but there's also no detail/langua...
Hello Everyone! I am planning on participating in an auction to purchase a house through a Tax Deed.The comparable for houses sold in the area shows the house could be sold for 220K after the title is clean and repair...
Hello, everyone!I'm looking at a 26 lot mobile home park and would love some input on analyzing the deal/specifics. Asking price $279k. Currently has 22 tenant owned units paying $210/month for lot rental and 4 vacant...
I'm not great right now, so I will try to be as clear as possible, bear with me. In October of last year, my husband and i upgraded our apartment to a two bedroom, as we were expecting twins in december. Things went d...
Hi I’m renting out my first property and I’m wondering what’s the least stressful way to collect rent and best way to prevent excuses for late rent submissions (I sent it, it must have gotten lost in the mail). Is the...
I am rehabbing my first income property which requires a new roof and new siding. The contractors quote seems reasonable and the expected time to complete the work does as well, but some of the clauses in the contract...
I'm in need of some advice & opinions.I purchase long term rentals. I got a gem of a property under contract that should rent for $1500 a month on $110k purchase price. It is a condo on the north side of Chicago....