IC E Lesson: Things I was wrong about part 2: You Should NEVER Rehab a Property Yourself 

Last week, I started a series of articles about things I’ve changed my mind about over the years; as in, used to see them as absolute right/wrong issues, and now think of them as, well, at least 49 shades of gray. If I were a politician, this would be called flip flopping. But I’m not,...

Ohio Landlords: Take a Moment to Protect Your Rights…

If you own rentals in Ohio, or plan to, you need to take moment and find out about a proposed law that will force you to let certain tenants out of a lease without paying. If this proposal becomes law, any tenant would be able to terminate their lease simply by showing that they planned...

Trump Has Taken a Lot of Crap for His Recent Move with FHA…

Which, if you missed it, was to repeal a never-enacted rate cut to FHA buyers for mortgage insurance premiums. In his last days in office, president Obama issued an order to cut the annual mortgage insurance premium from .85% of the loan balance to .60%. This rate cut didn’t go into effect until January 27th,...

IC E Lesson: Things I Was Wrong About Part 1: All Partners are Bad

 Like a lot of seasoned investors, I have a LOT of opinions about the “right” way to do things. In fact, I’m afraid that, once I form a particular belief about something, I might be even MORE likely to stick to it like white on rice than the average person, ‘cause I’ve been around the...

Guest Blogger Joe Varnadore: What does it Mean to “Buy a Note”?

Understanding Performing vs. Non-Performing Note Investments There are 2 kinds of notes that you can buy: performing (that is, the note is being paid as agreed by the borrower) and non-performing (the payments are not being made, and the note is “in default”). Usually, when you buy a non-performing note on a vacant home, your...