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4 February 2025 | 4 replies
Deposits will not be returned (full or partial) until all tenants move out.If Tenant A didn’t come to you to get part of the deposit back they may have gone to tenant B, but they most likely walked away from it and I feel it is between tenant A and B to sort it out.Personally I would return it to tenant B, the active tenant in the current active contract.
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9 February 2025 | 32 replies
It needs to be permitted to be qualified as an extra bed room.
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5 February 2025 | 14 replies
I think with about $5-$6K in funds you should be able to recoup the initial investment in 60-180 days.
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18 January 2025 | 19 replies
I'm sure it's a little more efficient in larger cities, but my market requires up to 60 days to get approval.Lower your expectations with Section 8 tenants.
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4 February 2025 | 1 reply
You want to force the tenant out so you can occupy, which qualifies as an eviction.Talk to the tenant.
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22 January 2025 | 9 replies
To become a true business owner or investor, you need to leverage your time through others.
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5 February 2025 | 5 replies
@Jordan Miller most Class A & B rental properties bought since 2021 really don't cashflow from day one.Class B will take 1-3 years to start showing cashflow.Class A, 3-5 years.Current investors keep making the mistake of looking back at deals from 5-10 years ago when prices & interest rates were both a lot lower, but NOT rental rates.
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4 February 2025 | 0 replies
Real estate is one of the most powerful wealth-building vehicles—but only if you know how to play the game.
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10 February 2025 | 11 replies
Get it under agreement for less than asking price and offer to bring the loan current and have them carry that loan.The way I see it is they are just getting MLS properties under agreement - the last five I looked at had been sitting on the market for more than 150 days (overpriced) because the payoff of the loan would not be satisfied at lower price point.