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16 October 2024 | 10 replies
Rents increase 5% annually on average here.My mom is excited about the opportunity and is willing to contribute her 401k towards the 15% down payment on a hard money loan or less if we find private financing.
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13 October 2024 | 3 replies
Tenant noticed some mold around 1 window and the door to attic.
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11 October 2024 | 4 replies
The terms and conditions of this lease will continue to apply.”My point is that the Notices section directly above it states: “NOTICES: Any notice which either party may or is required to give, may be given by mailing the same, by certified mail, to Tenant at the premises, or to Owner at the address shown in Section 2.
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11 October 2024 | 2 replies
So my tenant called me up 10/09 to announce she is moving out on 11/8 and giving 30 days notice.
11 October 2024 | 1 reply
Did the tenant(s) ever receive any legal notices (late rent, noise, unauthorized occupants, notice to vacate, etc.)?
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13 October 2024 | 15 replies
When reviewing Airbnb listings and their calendars, I noticed that around 95% of them have no bookings for the next 2 to 3 months.
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12 October 2024 | 1 reply
I've been using PropStream to pull comps, but lately, I’ve noticed the data feels a bit outdated.
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14 October 2024 | 8 replies
I work with institutional capital as well as a variety of private money resources to finance such things, but don't again, don't expect to find "low" rates and fees for such.Many investors I come across run into this problem with financing even though they've built up a cash cow... it is hard to understand sometimes, but be aware of the challenges and make sure you have financing options in place for what you are doing before you jump too far in.
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11 October 2024 | 7 replies
I have a cousin who funds RE deals and he has a whole network of money people, so I am putting together a business plan to submit along with my financials and an investment proposal.I am coming from single family residential, and have only ever worked with hard money for short-term loans, and also some smaller amounts of private money.
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16 October 2024 | 13 replies
I noticed some people in this thread turned there nose up on section 8 and lower class neighborhood rentals but in Detroit THE ONLY way to go is section 8 and anyone that tells you different when it comes to Detroit is totally full of it and getting less than 1/2 of market rent if there lucky.