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Results (10,000+)
Wesley Mitchell Are there any BRRRR disadvantages
23 March 2018 | 20 replies
(Taxes, insurance, interest payments, water, sewer, snow/lawn, electricity, gas, etc.)The worst case: Low appraiselAnother CRASH happens.
Chris Newton CA law $126 limit (no receipts) for return deposit - help
4 April 2018 | 9 replies
Thanks guys, like I mentioned she might actually clean herself but considering her dog and cats poo all over the garage floor and she is very quick to leave items about the front lawn for months I am a little worried about inside.If I do it all myself, (carpets/cleaning if more than wear and tear) and takes a long time, would a hand written receipt that I sign be enough, do you think?  
Robert Goldman BEST CREATIVE FINANCING YOU HAVE EVER DONE, MOST VOTES WINS ;)
7 December 2019 | 0 replies
My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a property that at auction two weeks before that opened at a starting bid of $25,000 did not receive one bid, I went to the auction thinking I was going to pick it up for $10,000, I get to the auction at City hall and when the bidding started for this particular property I waited to see who was bidding, a man started it and I waited until nobody bid to start my bidding, well this man really wanted this property and so did I, when we were at $50,000 I started to try and knock him out by bidding in $1,000 increments instead of $100 increments, every time I bid he bid a $100.00 more, this went on until my winning bid of $66,700 and it was now mine, now if you don't know much about city auctions you do not walk around with that kind of money, a 10% deposit is what this auction required and they give (I forget the exact amount of time maybe 30 to 45 days to pay in full) now comes the creative financing part, I take my high credit card limit at the time of $72,000 (I saved all the 0 % introductory rate checks if paid to another credit card balance transfer and pay off another credit card that had a small balance of $1,000 and overpay the bill by $68,000, the overpaid credit card company sends me a over-payment refund check for $68,000 (that is 0% for six months being that it was a balance transfer offer of 0% for six months) I pay in full for the property within the time allowed by the city, (this was in 2003) I refinance another property that I increased it's value with the creative equity work I put in and got a favorable appraisal that allowed me to park the debt into a 30 year mortgage, the empty lot sold in June of 2006 for asking price of $229,000 with a profit of almost $150,000 after commissions, property taxes and maintenance/lawn cutting.
Brett Arceneaux What are the most important systems?
9 December 2020 | 13 replies
. - get a copy of the tenant ID- do a move in walkthrough - confirm paperwork is compliant - explain fees, paperwork, and relationship to tenant - collect deposit - turn off utilities and lawn care from your name - send tenant breakdown of deductions from security deposit - look up tenant criminal history - perform tenant creeping Document Storage: I've used Google Drive for document storage forever. 
Billy Awan Forclosure Redeemed on Credit! House still up for sale over 18months. Any chanced of buying back the house?
6 February 2015 | 2 replies
It means nothing other than you have a dispute to the bureaus on your hand however, I might leave well enough alone because it would appear on the surface that their mistake artificially improved your credit profile.
Tom Shepard Multi vs SFH
26 February 2015 | 9 replies
If you don't want to be totally hands off you can ask tenants in a larger MF building to help out on mowing lawn, plow snow and even collect checks for you for a reduced rent.
Dan Chandler Garage Upcharge
15 October 2016 | 4 replies
It's a handy place to have them store a lawn mower or other items like kids bikes.
Sam Leon "Included" vs "Complimentary"?
27 December 2014 | 10 replies
Those items like kayak, paddle board, BBQ grill, lawn furniture, floor mounted pull up exercise bar, stationary bike...stuff like that which the tenants are free to take advantage of but it is not part of what the rent includes.I think hotels do that when they say they have "complimentary newspaper service, complimentary WIFI". 
James Park Planning for your child's future college expenses. Vanguard 529
10 January 2016 | 19 replies
. :)  I thought rentals would be perfect for the teenage years, 3 boys to help with painting and lawn mowing and all those things.
Christian Hutchinson Tenant Lawsuit-Michigan
24 September 2015 | 8 replies
At dispute is $180 of a security deposit withheld because of unmowed lawn when they moved.The security deposit was $1300, I withheld $400.