
28 December 2024 | 13 replies
Obviously this may vary by market but we would not accept partial payments as it does make things more challenging legally if you need to evict them.

31 December 2024 | 8 replies
They can and will fine you heavily and order you to remove it completely if you don't go to them first and ask for an inspection and do what they want to make it legal and permitted.Don't try to "get away with it".Be a businessman and fix the problem the right way.

28 December 2024 | 16 replies
Quote from @Jim Bryant: This is why it's important to understand how the legal system works before investing in an area.

25 December 2024 | 28 replies
Especially in an area where it’s legal.

26 December 2024 | 4 replies
Hey Jason - if it's a 1-4 unit, you would need to value it based off the sales comp approach (assuming the buyer is using debt financing).

26 December 2024 | 21 replies
Quote from @Eamon Conheady: I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan.

24 December 2024 | 2 replies
People carry too much debt and even if the debt was forgiven or paid off, incomes don't match affordability.

29 December 2024 | 5 replies
While it might feel counterintuitive, it can sometimes save you the time and cost of a legal eviction.I’d love to hear from others in the forum..Have you found any creative or cost-effective ways to navigate eviction challenges?

26 December 2024 | 0 replies
Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)

28 December 2024 | 6 replies
Eliminate debt, establish a budget, and save.