I don't know if he took the proper precautions and tested the pressure on the water pipes before he purchased nor do we know if he just let this bill just pile up after watching a significant jump.

I want to look at an Income Property today or tomorrow and it is a very big property.

Problem is: I have no Contractor to do a complete Inspection of this property and I need to ACT FAST. Being a newbie, this...

We're in the middle of renovating a new rental property. In the basement, the dryers were venting out of a basement window. The glass had been taken out and wood put in its place, and it's rotted and looks terrible.Ho...

&Proper...Let's say I bought it at $115K.

i like the idea of just dumping some asphalt or a slab on it and leasing it out to food trucks.... you may find a guy who does a near by office park every day for the lunch crowd and than he can shoot over to your location at 230 and catch the after school crowd...Or you could just buy a food truck and than find a local underpaid short order chef possibly one with a spouse who happens to be looking for work and give them the food truck for 50% of the business you may end up spending less than developing it properly but also making more money if they have really good food and the high school kids keep coming back after they graduate with the new flow of students its a possible gold mine if you had the right menu.... 

I think if you are diligent about getting good deals and good properties and properly screening your tenants, it can be a great way to invest!

Just make sure you properly qualify your tenants and you'll avoid a lot of problems.

Hi Jim,Can you share with me how to properly lease a mobile home in Indiana.  

I would make sure proper insurance would cover the home but in order to protect ourselves further wouldn't creating an LLC for the property be the correct thing to do?

But I'm definitely not going to rush into this ;)@Wayne Brooks I agree that I can't expect for existing owners to wait for months of what-if's from the county building/zoning/permitting department to fully approve my project before completing the lot purchase, but I'll definitely need 15-30 days just to get a proper site assessment to determine build feasibility and basic initial response from whomever I can speak to in person at the county regarding my design intentions.