Spencer Dixon
Property manager recommendation
20 December 2024 | 4 replies
Ask to speak with some of their current owners and current/former tenants.
Saul Vargas
I have $150k and equity on my home, looking 4 a property with some cashflow.
21 January 2025 | 10 replies
I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.
Alex Houser
Foolish to buy office building?
18 January 2025 | 8 replies
I wouldn't say that office properties are necessarily foolish to buy but I would certainly be wary of it.
Abraham Garza
1acre with 4 manufactured homes for rent is it a good deal? Newbie
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Garry Lawrence
Mass Shooting Near Property I'm About to Buy – Should I Back Out?
12 January 2025 | 7 replies
Quote from @Garry Lawrence: I need advice on a serious situation involving a property I’m about to buy.
Sakib Khan
Thinking About Buying My First Rental Property – Need Advice for the Near DMV area!
14 January 2025 | 10 replies
Are these areas good for rental property investments, or am I barking up the wrong tree?
Donald DiBuono
Creative Finance Deal Need Advice!
9 January 2025 | 4 replies
The owner is open to seller finance for us.
Daniel Amsalem
Please help keep northern VA STR-friendly
17 January 2025 | 10 replies
I wish all the STR owners luck.
Craig M
wrap mortgage - how would you structure this?
19 January 2025 | 10 replies
i just sold a property on a contract for deed.
Ryan Bono
Self Storage Conversion
22 January 2025 | 7 replies
The newest outdoor is still advertising 1st month free as they haven't filled up, and I spoke with the climate controlled owner/builder yesterday (he's a pretty big REI in the area), and he made it sound like he hadn't leased a single climate controlled unit since they opened a few weeks ago.I recently purchased a 140x45 warehouse with low ceilings and had debated doing self storage, but my market seems very saturated.