All Forum Posts by: Nate Valentine

Thanks!

Thanks for your guidance. I wanted to make sure this is a reasonable request and doesn’t violate fair housing. Thanks!

I am considering purchasing a duplex. Both units are currently occupied and have a month to month lease. The current owner described one tenant as being significantly behind on rent. The other tenant would like to stay but understands the unit has been significantly under priced. How do I make an offer and ask for one tenant to be removed and give the other an opportunity to stay at a higher rent rate prior to closing? Is that possible?

I’t seems just recently I have really had a hard time collecting rent on time. I just went they a major renovation after a non paying tenant finally moved out (covid eviction ban). One of my other properties appears to be headed that same direction. 1 week late, 2 weeks late, check bounced, etc. I’m curious what other landlords are doing? At what point do you send a letter and what does it say? 7 days late, 14 days late? Thanks!

I just purchased my 3rd investment property. I have 2 singl family homes and recently purchased a 4 plex. I’m in search of a worksheet/ software that could provide cash flow projections, values, etc in 5,10,15,20 years. Any suggestions?

I currently have 2 rental properties. I have accepted a new job about an hour away. Currently my tenants drop a check off on the 1st of every month. With my new job relocation, I am looking for a way to collect rent. Does anyone have recommendations on apps/ software to use?

I currently own 2 rental properties. I am currently 36 and have a goal of cash flowing 8k/m by age 40 thru acquisition of more rental properties. I am thinking of refinancing property #1 to a 30 year loan and increase cash flow. Then take the cash and buy 2 more properties. Does this sound like a good approach at this juncture?

Property #1

Estimated value 230k

Owe 90k

Rents for 1600/m

15 yr loan

Cash flow apprx $150/m

Property #2

Estimated value 215k

Owe 130k

Rents for 1525/m

30 yr loan

Cash flow apprx... 600/m

I currently have 2 rental properties. Rental A nets $175/m. Home value is $225k and I owe $100k.

Rental B nets $500/m. Home value is $210k and I owe $134k.

I would like to purchase another property but I’m not sure what the best move would be? I would like to do a cash out refi or straight refi to get cash out for 20% down. Or is there something else anyone would recommend in my position?