Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
Assuming your property is in Utah (like your profile indicates), here's the state law from a basic internet search:In Utah, a tenant who abandons a rental property without notice is liable for the lesser of the following: The rent remaining on the leaseThe rent plus the difference between the fair rental value and the agreed-upon rentThe cost to restore the property to its original conditionThe landlord can also remove the tenant's belongings and sell them if the tenant doesn't claim them within a reasonable time.
Zhong Zhang
a multifamily investment case analysis
19 January 2025 | 6 replies
You’d be able to pull out $330,455, which is significantly more than your initial $236,930 investment.Your Initial Investment Back: This means that in 5 years, you’ll not only get your original investment back but also keep an additional $93k in your pocket.However, there’s a downside:Negative Cash Flow Impact: Over the next 5 years, due to the negative cash flow of $1,229 per month, your total cumulative loss will be $(60,153).
Nick Rivers
How to become an expert underwriting deals?
19 January 2025 | 11 replies
Once you walk a property, you often have to throw your original underwriting out the window.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
Your payment may remain about the same as the original deal!
Craig Oram
JWB experience - My thoughts, let me know yours
30 December 2024 | 24 replies
You purchased your property in 2017 with an expected rent amount of $1,549 on the original property evaluation.
Anibal Sanchez
Looking to start this real estate adventure!
31 December 2024 | 7 replies
Originally from Texas.
Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.
Tyler Sweet
Cryptocurrency and Real Estate
16 January 2025 | 6 replies
Originally posted by @Greg Scott:There was someone on this forum that was trying to use crypto for his downpayment.
Chris Seveney
Is it really this bad with syndicators?
16 January 2025 | 19 replies
Foreclosure sale could sell at same price as original purchase, but with accrued interest and fees, all LP equity gone.At the end of the day, all LPs loses boil down to an issue with cash flow available and/or a decline in overall values.
Tyler Magee
If you had $150k where would you start?
10 January 2025 | 6 replies
I'm based in Tampa and am happy to connect.I also have family in Chatanoogo and originally from AL, so I can help when it comes to those markets.