NA L Harrison
Where to rent with 13 dogs?
23 December 2024 | 4 replies
If not again you would be better off buying your own home and having enough yard/space for all of them but 13 is still way to many dogs unless you live on a farm or own acres of land.I have worked in the banking business and have seen people lose their homes that they rent due to landlords kicking them out with very little warning due to breach of contract or a No pet rule.
Eric N.
How do you do Seller Financing/Sub2 and comply with Dodd Frank/Safe Act ?
23 December 2024 | 46 replies
They have no Deed, so there is no foreclosure, just eviction for breach of contract and non-payment of dues.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
Lend's the highest potential for such folly.
Joelle Chilazi
Greetings from Realtor in Jersey City which has the 2nd highest rents in the US
13 January 2025 | 27 replies
However, eviction must be by cause (i.e. you can never evict without a justifiable reason - so more or less you are stuck with a tenant unless they stop paying rent or breach their lease, or some other narrow units such as moving in or curing code violations - though then you have to pay relocation costs).
Rene Hosman
Have you ever offered rent concessions to entice potential renters?
13 December 2024 | 17 replies
If I have a potential tenant that I like then I work with them.
Chaim Ehrman
Seeking Feedback on Potential Triplex Deal in McKeesport, PA
11 December 2024 | 2 replies
Hello fellow real estate investors,I'm considering a potential deal on a triplex in McKeesport, Pennsylvania, and I'd love to hear your thoughts.
Nina Erlandson
Has anyone used Obie Insurance?
11 January 2025 | 54 replies
does anyone know what this means and how this is going to affect the potential claims?
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 6 replies
Would the 9-year balloon concern you, knowing you'd need to refinance or pay off the balance at potentially higher market rates in the future?