All Forum Posts by: John Williams

Hi BP,

I have quite a bit of equity sitting in a rental property I own. Gathering different opinions here. What would YOU personally do with about $130k cash to invest in real estate. Just want to hear everybody's thoughts.

Hi BP Fam,

I am Gathering different opinions here. What would YOU personally do with about $100k cash to invest in real estate & in detail please? Just want to hear everybody's investment thoughts. Cash flow, appreciation and long term holds, is my interest, but I would love to hear some great strategies for what can been done with 100k cash, and also locations (states,cities) to invest?

I'm thinking of buying US real estate as an overseas investor. How important is it for me to be able to easily visit my target market? I can get a direct flight to major metropolitan areas, but it would be much more difficult to get to Topeka or North Dakota, for example.

I feel that I'd like to see the market at least once, to get a feel for the area and to meet the local team. The cost of that trip would effectively be included in my purchase price. Once the initial setup is finished, how often do you visit? Do you ever have to take a last-minute trip?

Looking for areas in eastern PA (as close to NJ as possible) where I can find 2-5 unit properties ideally in the $200-400k range, hitting 1% rule and also having good appreciation potential. 

Hi,

I am an accidental landlord, was part of an inheritance. I have a management company. Tenant started around 6 months ago, was paying on time and then they started with being late then went to bouncing a check to not paying.  Found out that everything the way it has played out and the details I have dug up on the tenant this is part of a an elaborate scam and includes a circle of people involved. We have filed for eviction and the tenant has filed a law suit claiming false allegations. They are suing me, the management company and the owner of the management company personally. I believe they expect us to rollover and let our insurance company handle it and just settle. I refuse to do this.  They will just move on keep doing this to others. 

Has this happened to you or anyone you know?  Would really appreciate anyone's insight or experience in this. I am in California.

Hi All

I am looking to buy my first property for rental income. Given this is first investment, I would like to keep it local.

Any suggestions on neighborhood with good rental cash flow in Middlesex county ?

Thank for your help

My tenant's lease is coming to a close and I am relieved she will be moving soon.

She has been paying on time but has been extremely unpleasant and rude.

While the money does not smell my mental sanity is more important than money in this case.

She sent me a registered letter stating that she feels "unsafe because we have not done the fixes the way she wanted it".

She requests to have her witness for a walkthrough.

In my state a walkthrough is required but I am not about to grant it to her to bring any witnesses as that is not in my contract.

If she feels unsafe she does not have t be present.

I also do not treat a final walkthrough with a tenant as a final sign off.

This walkthrough does not include a detailed inspection of the plumbing and the appliances that will be done after she departs.

This is simply for the visible cosmetic issues and should take less than 1 hr.  

I will treat a witness as a trespasser.

I want to really emphasize that this lady is a major headache and may have mental issues.

It is possible she has been fired from her job as well. 

Also want to add that she had multiple violations such as having a dog with her while her contract states no pets and she was contacting repair facilities and acting as my agent or pretending to be a property owner and interfering with repair process. 

She has been sending complaints to the city and to the HOA board.

Of course these complaints do absolutely nothing because we are within our rights and following a contract.

She was complaining that we did not have the right to fix our own property since we are not licensed.

She thinks she owns the place and we are merely room service.

My tenant wants a refund of $175 for a lapse of 4 days without internet for the cost she incurred by using her mobile hotspot. The wifi was scheduled to be set up on the day of her move in but because of a strike at AT&T, they weren't able to come until several days later. The contract states that internet is included in her rent.

Am I actually obligated to cover the full amount? I’d like to help her out with a part of it, but the full $175 seems high. Any advice on handling this?