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.
Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
One property is 4655 Royal View Dr. and the other is 3082 Parker Rd..
Elan Adler
My experience buying a turnkey cash flowing (kinda) turnkey rental outside Huntsville
19 January 2025 | 18 replies
That is because they are looking at the long term view.
Sebastian Nadal
Greetings from Chicago
2 January 2025 | 13 replies
Others would take that 2/2 and rent out each bedroom to undergraduates, or rent to one and allow sublets.
Kenzer Hodgson
LLC or Umbrella policy
8 January 2025 | 14 replies
They are coming to your property if you allow them or not (you cannot forbid service animals) Consider the facts: https://www.dogster.com/statistics/pet-travel-statistics-tre....Top 12 Pet Travel Statistics78% of American pet owners travel with their pets each year.54% of cat and dog owners plan to travel with their pet.58% of people would prefer to travel with their pet over a friend or family member.52% of travelers base their travel plans on accommodating pets.About 75% of luxury, mid-scale, and economy hotels allow pets.In 2019, a total of 404,556 animals were transported by airline.Nearly 64% of travelers prefer to travel with pets by car.42.9% of people look for a destination with hiking and fresh air for pet travel.Dogs make up 58% of the pets traveling around the world.37% of owners take shorter vacations because of their pets.10% of travelers have hidden their dogs to travel.27% of dog owners go the extra mile for their pets.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit.
John Keane
Where to find gap funds?
22 January 2025 | 14 replies
That's the type of effort it takes from a GP if you want to see more favorable splits and even there I was unable to reach your intended 75/25 objective.
Fareen E.
Refusing a Tenant Prospect Before Showing/Application
13 January 2025 | 31 replies
Are you not necessarily denying him based on screening criteria - Some landlords make it a requirement to view the property prior to letting the applicant apply.
Karen Margrave
REDDING, CA INVESTORS
24 January 2025 | 37 replies
Personally I'm working on a very exciting niche, but will take some time to pull together; and I'll give you more details as it moves ahead.