Not really a horror story about a tenant or a scam, just a slow motion one about a water heater. Bought a duplex a few years back, inspection said everything was "functional," which technically it was. What it didn't say was the water heater was already 11 years old. I filed that away and forgot ...
Hey BP! I'm a foreign investor, new here, and looking to buy a buy-and-hold rental in Cleveland in the $100K-$200K range. I've been doing my own research on Zillow, crime maps, and school ratings, and areas like Kinsman, Hough, Glenville, Mount Pleasant, and Union-Miles keep showing up as high-yi...
We bought a duplex yesterday and on the lease for the current tennant they are in a month to month lease . It says we have to give them a 60 day notice of termination of lease and also they have to give us a 60 day notice of leaving.. well long story short they caused over 5,000$ in damages, and ...
I just want to warn people not to do business with Metro Fliipers Investments when you want a loan as they ask for a deposit upfront and then they disappear. It's impossible to get your money back from them. They are based in Sacramento, California.
In a recent episode of the Pacific Equity & Loan Podcast, our guest Rob, a seasoned real estate investor with more than 20 years of experience, shared one of the biggest lessons he's learned throughout his investing journey. After successfully completing several flips, Rob decided to take on a hi...
I am sharing my direct experience to connect with others who may have invested with Stuart Fox / Fox Financials LLC (Orem, UT). In 2023, I executed two promissory notes funded by wire transfer. Since then: Obligations remain largely unpaid. Payments were sporadic and insufficient to cure default....
My wife and I own a 3-unit in San Diego. A front house with a duplex behind it. The problem was in the duplex. In 2017, I got a call from one of the tenants about sewer backing up into the tub. My dad, a retired plumbing contractor, was living in Boulder City. I didn't call him because he was ret...
You need to understand title policies as title insurance as it is a SCAM! They are a tricky bunch of corporate scumbags and and if your buying real estate not understanding how policies work could leave you in a civil lawsuit for several years like me. We paid $12K for a title policy buying 400 a...
In my experience, Ashland Greene demonstrated significant incompetence in managing an investment involving a 55+ apartment complex. The local management team ran the property poorly, and there appeared to be very little meaningful oversight or accountability from upper management. Operational iss...
A friend of mine bought this 15x76 3 bed/2 bath mobile home brand new in 2012 and financed it for 20 years. After 14 years of making payments he still owes $26,000. His lot rent when he bought it was $200/month plus water/electricity. Today it is $700/month plus water/electricity. It just makes m...
I invested through Jimmy Vreeland / Vreeland Capital's turnkey real estate system and lost over $100K across four properties (two flips and two rentals) over more than a year. This was not a single bad deal or isolated mistake. The same pattern repeated across multiple properties, time periods, a...
What do you do when lender fails to fund your draw after they have already approved it. My deal is funded by Terxxx and they have been moving goal post of when they can fund the draw after they approve it. Their website said they can fund the deal in two days after approval. First draw, they coul...
Just a heads up. What seemed like a decent cash flow opportunity offering 16% per year has disolved into a big loss potentially. Cash was flowing great for 6 months and decided to invest an additional amount. Things started going down hill 2 months later. Supposedly they were having issues with a...
Hi! We just purchased our first rental- a duplex near PTC GA. The renos are going great. We recently had a bunch of rain and the duplex next door apparently has a faulty septic tank. The alarm has been going off for over 36 hours. I have called non emergent PD and they sent the fire department- w...
I just moved into my home and thought everything was going smoothly… then boom... my insurance company sent me a letter saying I needed a new roof. Now, I made sure to get a roof inspection before I purchased the home. But they said that wasn't enough; their inspector had "suggested" a full repla...
Hi there i purchased my first duplex! Everything has been going great with the Reno's ... except.. the septic alarm on the duplex next door is going off! The smell that I have smelled (thankfully only twice) in 2-3 weeks is appalling. What can I do in this situation? I have a call into our town c...
My team and I had an LOI signed on a 50-unit deal in eastern Texas. The numbers looked great. We had talked the seller down about 20% from his asking price and were positioned for a 21% IRR on a three-year hold. It felt good to find a real deal in this market. Then we did a round of in-person due...
My wife and I live in Emporia Kansas and we bought our first fourplex back in March, and I figured I’d share our experience so far to get some advice from people who have been through something similar. When we bought it, we moved into one of the units and started renovating it ourselves. The oth...
Tenant mentioned a musty smell in a downstairs closet. Sent someone out, they found a little moisture, sealed it up, $200, done. Didn't think about it again. Eight months later, different tenant, same unit, water stain on the ceiling below that closet. Turned out the original fix never addressed ...
NEVER trust a closed-loop "program" where the seller, lender, broker, title company, and contractor all point back to the same referral chain. Independent third-party inspection, independent title review, and verifying city code databases yourself are absolute musts. I am sharing my story as a wa...
"Subject to appraisal." If you’re relying on traditional appraisals for heavy value-add or fix-and-flip projects, you're constantly at the mercy of a third party who doesn't understand your vision. Asset-based private credit looks at After-Repair Value (ARV) and execution capability. Stop letting...
Hi guys, I just wanted to share my story. So I joined a brokerage in hopes of learning commercial real estate specialize in multifamily apartment building. It's been a couple months and I realize that I'm receiving no training and basically whenever I have questions, my mentor answers them. I'm q...
Hello, I'm looking for some guidance on a defaulted private loan in Pennsylvania. I'm the first-lien lender on a property in Pittsburgh, PA. The loan has been in default for quite some time, and the borrowers have stopped responding. I had a Notice of Default sent, but I never received a response...
I had a long term tenant that I was able to get out finally. They faied to pay rent for June (They said they were going to leave at the end of May but they left July 8th). They left the house in such a bad shape that my contractor says it will cost me $33,000 to get it fixed. What's my recourse o...
I've been investing in real estate for 25 years, and I've never written a post like this. But after what my partners and I have been through over the last 10+ months, other investors deserve a heads up before they wire money to the same people. The players: NorthCoast Consulting Group — Neal Wolf...