Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
Danielle Levy
Filing lawsuit against property management company
21 January 2025 | 19 replies
It's not worth hiring a lawyer but as you suggested, small claims court may be an option IF you hired them in your personal capacity OR if your jurisdiction allows LLC owners to go to small claims and represent the LLC in court (many, most?
Felicia Richardson
2/1 With No Washer & Dryer Connection
25 December 2024 | 11 replies
If you have the electrical capacity and the drain I would spend the $1600-$1,800 to buy the MUCH nicer ventless GE or LG all in one units.
Keegan Felix
Full time working mom of 3 in my 40's with 8K to invest
9 January 2025 | 21 replies
I'm using my workout time to educate myself daily and feel overwhelmed, but excited to get going.
Cole Dobbs
New Member Introduction
10 January 2025 | 9 replies
I would love to connect and see what we can work out!
Jacob Hrip
Best financing options for a first time investor?
9 January 2025 | 9 replies
Private Money is whatever you can work out!
Pete Resendez
A friend's divorce mediation and a townhouse involved
14 January 2025 | 4 replies
These things never seem to work out well 10 years later when you need them to sign stuff.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
We use Rentec & Quickbooks.Both work out pretty well.
Andrew Rodriguez
My Involvement in Fixer Upper
13 January 2025 | 9 replies
.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!