27 April 2025 | 10 replies
A $10.00 credit in monthly base rent will be established to offset this use of electricity.The basement heating is served by the rental unit’s high-efficiency gas-fired furnace, and aims to keep the basement crawlspace above freezing during periods of extreme cold in the winter months (typically December, January, and February) to avoid freezing plumbing pipes.
27 April 2025 | 6 replies
BRRRR Method: This effective strategy for developing a rental portfolio with less capital tied up and is ideal if you're willing to hold onto your home for an extended period of time.
25 April 2025 | 0 replies
Tax lien purchase of a SFH residential lot, removed condemned home and sold lot after redemption period expired.
25 April 2025 | 4 replies
Since the bank likely owned the property for only a VERY short period of time, that kind of warranty would not provide you with much protection at all anyways.
22 April 2025 | 3 replies
Conventional (Freddie) allows for an exception to seasoning when a property is moved from an LLC to an individual's name if the borrower was the sole owner or had majority ownership of the LLC for 6 months (the seasoning period).
26 April 2025 | 6 replies
I tried working with 4 different commercial agents over a two month period.
25 April 2025 | 4 replies
While we plan to return to those areas periodically, we would most aptly be classified as out of state investors.
24 April 2025 | 3 replies
Here are the key details:It's located in Lomé, Togo (West Africa)It’s a commercial project located in a designated commercial zoneWe’re securing the land on a 40-year leaseOur financial analysis shows that total revenue over the 40-year period would be 2x the total costs, including both fixed and operational/recurrent expensesThe return on initial investment (construction and setup costs) is estimated to be around 14 yearsWould this be considered a good deal in your opinion?
26 April 2025 | 25 replies
L Remind them it's only a 4% increase, which is very low over a 2-year period.
26 April 2025 | 23 replies
It's also a good idea to set up periodic inspections of the property, which is a separate issue, and should also be written into the lease upfront with a process for the tenant's to correct problems you find in conflict with the lease.As for rent payments, we use Chase Quickpay since we have a Chase account - they don't have to have a Chase bank account for it to work.