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10 September 2024 | 11 replies
My tenant just let me know they accepted a new job in another town and will therefore be leaving us.
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10 September 2024 | 19 replies
Not sure is seller will accept an offer with these contingencies as it will cost time on the market if the contingencies are exercised.
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9 September 2024 | 14 replies
STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.
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6 September 2024 | 2 replies
I recently purchased a foreclosure where the occupants want to avoid being evicted. Would it be braindead to turn them into tenants or should we go ahead and evict them?
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9 September 2024 | 49 replies
Hi, I accepted an assignment with them, Eric Anderson & Sean Harper, in June.
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9 September 2024 | 11 replies
There are also deals that accept non-accredited investors, but they are harder to find.If you can bring in capital from others, you could potentially get onto the General Partner side of the deal which will provide you great learning.
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7 September 2024 | 36 replies
Since I didn't have a way to get a rental permit for Property #2, I knew I wasn't going to be able to accept Section 8 tenants, even if I wanted to.Aside from all this, I was always told that I was not legally required to accept Section 8, so I was completely under the impression that I could tell applicants that I wasn't going to accept it.Out of all of my applicants, I'd say about 15-20% of them asked if I accepted Section 8 vouchers.
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4 September 2024 | 3 replies
Hi All,I received an accepted offer on a property but unfortunately was not able to find the funding in time.
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11 September 2024 | 69 replies
You gotta be ready to accept that, and building a system, and organization like James has to navigate crazy.
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7 September 2024 | 8 replies
@Mike McCarthyHi, is the estoppel signed or filled out before or after acceptance of agreement of sale?