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12 June 2024 | 2 replies
The plan here is to have a local (RV Certified) tiny home builder do the marketing to attract buyers that want to buy their tiny homes (cash or 25 year financing) and live in this park, until there are 44 pads occupied by tenant-owned tiny homes, paying $750/mo lot rent, on 1 year leases.
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18 June 2024 | 26 replies
I went ahead and finished the licensing requirements and have had some (tiny) successes as a licensee/Realtor!
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18 June 2024 | 83 replies
We have long term renters in Houston that are a 30 year old married couple, combined household income of about $110k, and they're going to be renters for 3-4 more years (based on their own admission).
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13 June 2024 | 3 replies
The goal of AB 2216 is to prevent landlords from having blanket bans on common household pets in rental properties.
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14 June 2024 | 2 replies
I rented out a tiny commercial space to some ladies that wanted to open a retail clothing store. 10 days after move in they had a falling out and one of them moved her portion of the merchandise out of the store the next day.
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15 June 2024 | 30 replies
Sure, taking a trip cost money, but a few hundred or thousands of dollars is a tiny percentage of a real estate investment.
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16 June 2024 | 27 replies
Include estimated household income on both applications but don't include both names on both applications.
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13 June 2024 | 4 replies
Of course, we were monitoring the situations and asked neighbors to quiet down on occasions, but because they still occasionally made noise (regular household noise, not massive, all-night parties), and I didn't evict, then I'm not accommodating her needs.Does anyone know of any special accommodations that need to be made for mental health reasons (as opposed to handicapped access, etc) that I need to know about before going to court?
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12 June 2024 | 8 replies
I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town. 8 standard 2/1 apartments - Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k Cap: 10 (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth, 34k/yrCurrent Cash flow: 531/mth, 6,378/yrAfter reno Cash Flow: 2131/mth, 25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).
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12 June 2024 | 4 replies
What does it look like with a 45k salary for single mom with zero investment experience that just received an inheritance of "x", or the 80k salary for a single income household with 3 kids, a < 2k/mo mortgage?