![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1075486/small_1621508480-avatar-julianj15.jpg?twic=v1/output=image&v=2)
11 July 2018 | 72 replies
I also desired to have a lot more money and had a tendency to be aggressive short of buying lottery tickets, which I knew were not a reliable means of getting rich.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/886259/small_1621504995-avatar-boskom.jpg?twic=v1/output=image&v=2)
19 November 2017 | 13 replies
People have a tendency to believe that there is a definitive connection between the cost of something and the value that it holds.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/458543/small_1694913342-avatar-newbielandlordc.jpg?twic=v1/output=image&v=2)
25 November 2017 | 11 replies
Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/281205/small_1621441298-avatar-timk7.jpg?twic=v1/output=image&v=2)
15 March 2018 | 10 replies
paying under market rent and has inherited lease agreement ending at end of June.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/570021/small_1621492815-avatar-danial_qureshi.jpg?twic=v1/output=image&v=2)
20 March 2018 | 6 replies
I could sell one of my properties (condo) use, that money for flips in Atlanta within the next 1-2 years build up additional funds to acquire an apartment complex, and to grow my portfolio, but I want to hear from some experienced investors and what they would do if they were in a similar position.Current Picture/Portfolio: Property 1: Condo (Atlanta, GA 30328)Current Rent = $1550/MonthUtility Reimbursement = $200-300/MonthHOA $383 (In line with HOA's for other communities) Purchased June 05th, 2015 and resided in property until Jan 22nd, 2017 (Total of 1.64 Years)Lease Started Jan 23rd 2017 and Lease Ends on June 30th 2018.Current Equity 135,000 (Purchase Price) - 85,000 = $50,000Current Comps Similar Properties are selling for $155,000 to $170,000Current Mortgage Terms: 15 yr Fixed 3.325% Monthly payment of $996 (Includes Insurance and Property Taxes)Anticipated Total Earnings if Sold at End of July $64,500 (Sell Price $155K) to $78,500 (Sell Price $170K) Property 2:Town-home (Peachtree Corners, GA 30092)Current Rent = $2000-4000/Month (AirBnB) 60-70% Occupancy since November of 2017Purchased July 28th 2017 and currently residing in basement house-hacking with my younger brother.HOA $325/Month Covers, Water, Lawn Maintenance, Sewage, Security GateCurrent Equity 336,000 (Purchase Price) - 265,000 (Remaining Loan Balance) = $71,000Current Comps Similar Properties are selling for $345,000 to $360,000 due to private/public school ratings going up shortly after purchase.Current Mortgage Terms: 30 yr Fixed 4.326% Monthly payment of $1823 (Includes Insurance,PMI, and Property Taxes.)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/459281/small_1621477604-avatar-jasonv23.jpg?twic=v1/output=image&v=2)
2 April 2018 | 4 replies
Lets say land was worth 50k and home worth 50k. so during those years we depreciated for 1818 per year so value at 42.728 +50k land = 92,728 at end of 2018Plus in 2017 we spent 10k renovating the unit so depreciating 10k for 2 yrs =9272.8 Is this then added together to determine total value of 92728+9272=102000?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/703706/small_1621495755-avatar-billyamberg.jpg?twic=v1/output=image&v=2)
8 July 2021 | 27 replies
Now, at end of job, the lender refused to reimbursed me the money I paid the new contractor, They are considering any amount in escrow as "unsused fund", and want to apply it to the mortgage balance.
3 March 2018 | 10 replies
Seems like I have a tendency to get into that kinda thing!
24 March 2018 | 3 replies
1700, put extra toward down payment at end of term.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/932165/small_1621505767-avatar-jeremym142.jpg?twic=v1/output=image&v=2)
22 March 2018 | 5 replies
Do they have a tendency to be highly optimistic with their estamtes?