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6 March 2017 | 4 replies
Now, if we told him that the cashflow we get back would be going towards housing my in-laws that may alleviate some of that.
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11 April 2017 | 9 replies
I have a tolerance for tough neighborhoods (currently looking to invest in an area of Philadelphia that is an open air drug market), but this area is not my cup of tea.
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25 February 2017 | 13 replies
Is it drug money instead of "money from a house sale"?
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27 February 2017 | 19 replies
However, a neighbor has been complaining the last 3 months that there are hoards of people coming and going from the property every day and that there are cars there at all hours of the day and night and that there must be some type of drug dealing or other suspicious activity going on.
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18 August 2019 | 58 replies
In what ways does having the pet alleviate the symptoms of the tenant’ specific disability?
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2 March 2017 | 5 replies
I simply let the worst know that I would not be renewing their lease (I gave them ~50 days) and they drug their feet so I gave them a 3 day.
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19 January 2017 | 22 replies
I only flip now and do not want to deal with tenants that could turn out to be crazy drug people, terrorists, gun runners and or sex traffickers.
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20 January 2017 | 10 replies
Any advice is greatly appreciated.8bd/4bth legal 3 unit Unit 1:2/1 TNT pays all, rent 550Unit2:2/1 TNT pays all rent 475Unit 3:2/1 rent 450Asking price 100kARV 140kDp 5% at 5k loan AMT 95kLoan interest at 4%Expenses:P&I: 453Insurance: 100 Water sewer: 100Prop tax:300Repairs: 147.50 at 10%Capex:147.50 at 10%Vacancy:118.00 at 8%Cashflow: 158.46Cap rate:5.25%Coc ROI:38.03%GRM:5.65This represents a purchase at asking price however when I viewed the unit a couple things stood out the attic seemed to have done a little moisture issues so I'm guessing the roof might need replacing, also the tenant in one unit had been therefore 10 years, thus the rental are below market value from comparables a these units rent could conservatively be rented for 600 600 and 525 boosting cf to 383.46, the first unit has lower ceiling also the one tenant who'd been there for 10 years complained of the first unit being occupied by gang bangers who sell drugs out the unit.
20 January 2017 | 0 replies
The original roommate has caused much disruption here, between her alcoholism and related violent outbursts, to her drug use and threats, including calling the local police multiple times for a variety ridiculous things, all of which is documented, and more than once was told by the police she was becoming a habitual caller and a nuisance, then threatened with arrest.
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28 January 2017 | 13 replies
If yes, it will be harder to get the loan.You can alleviate the DTI by getting a Multifamily, with rental income that will off-set the monthly payments.