One thing I’ve learned from doing due diligence is that a deal can look pretty good on paper until you start digging into the details. I’ve had situations where the numbers initially looked solid, but once we started checking things properly, a few things came up that needed another look. It’s definitely made me slower to get excited about a property just because the purchase price and projected numbers look good. Now I’m paying a lot more attention to the things that can easily get overlooked condition of the property, actual rents, repairs, insurance, taxes, and what the numbers look like once everything is accounted for. Sometimes the best part of due diligence is finding a problem early enough to walk away from it. what’s one thing due diligence has caught for you that you probably would have missed otherwise?

Hi everyone! My name is Keren, and I recently joined the Rental Property Playbook program. I live in New York with my husband and our three teenagers. I currently work as a bookkeeper for a very successful summer camp, but I’m looking to build something for the long term and create additional opportunities through real estate investing. I’m excited to expand my knowledge, learn from others, and grow in the real estate world. Looking forward to connecting, sharing ideas, partnering, and learning from all of you. Excited to be here!

One of my favorite markets - Ohio

At one of our rentals in Tennessee, we have to replace the attic ladder per the management company. Their quote was $770. Does anybody have any experience with this? Just wondering if this quote is a good quote. Looked it up on Google and it said anywhere from $400-$1200.

Hey guys my name is Daniel, I am new to the group and I was wondering if any of you guys have ever done a recast on a home loan. I Currently have one rental property in Menifee, CA. my mortgage is $3800 and I am renting out for $3199 because of the current rent market in the area. I’ve looked into refinancing my property but it does not benefit me currently because I have a %3.99 interest rate. I had a neighbor advice me on recasting my loan but I haven’t really had any luck on finding information on that and want to educate myself on it to see if it’s possible to lower my payment with out having to mess with my interest rate. Any input would be greatly appreciated!