All Forum Posts by: Account Closed

Investment Info:

Other commercial investment investment.

Purchase price: $141,500
Cash invested: $16,000

rents 1700 mortage 700 insurance and taxes 200

@Justine Scheuher i also have struggled to find good contractors in general for a reasonable price. However for plumbing you may want to try Mark 5025533737 he seems pretty reasonable just overbooked at times. If you have any contacts that you would recommend I would love to know. I may have to possibly renovate one of my lots.

@Kathy Henley copy thanks for the info I reached out to them and they just want out. Sounds like they are willing to pay 2 months rent which is what is stated in the lease agreement however the previous owner doesnt have any info on them other than their name so if they walked not sure what all I could do. Will be making a phone call to the lawyer and leasing agent soon.

Thanks again

Hello I am a new investor I purchased my first property 2 weeks ago. The upstairs unit is an apartment which is rented out and downstairs is a commercial lot. However when I reached out to the tenants the downstairs tenant decided to break the lease and wants out. My question is how do you know what is a fare rate to rent a commercial lot? Especially during theses times with the covid-19. Also with everything going on I'm worried about them just walking away and not paying 2 months rent which is owed since they are breaking the lease. Looking for some advice.

Thanks