Stefan D.
Buying a property with a section 8 tenant in place
8 December 2018 | 22 replies
The units are more or less identical.
Jose Perez
My first buy & hold the turned into a turnkey sale
26 August 2019 | 0 replies
Negotiated with inherited tenants (cash-for-keys); did a full cosmetic rehab on the property (two identical 2/1 units); placed two new tenants after raising rents from $600 to $950; sold the property with one unit strategically vacant and the other with a renewed lease.
William C.
Appraisal is in....Better option than BRRRR?
15 August 2019 | 4 replies
We decided to go for it and went 2k over asking At the time, the house next door, which is pretty close to being identical had been listed for sale for a few months at $330k, but wasnt selling.
Ben Zimmerman
Tip: Stop using Zestimates for anything
18 August 2019 | 1 reply
Every single house on the block had a wildly different anticipated growth rate even though all of the homes were essentially identical.
Brandon Cuellar
My First Flip - Fort Worth, TX
23 September 2019 | 5 replies
She posted 2 houses that are right next to each other that were almost identical and the same price (one vacant and one occupied).
Jesse Smith
Raising Rent on Long-Term Inherited Tenant?
10 July 2019 | 4 replies
The two properties are nearly identical... 2/1 on one side and 1/1 on the other.My units rent for $1,100 and $900, respectively.
Jackie Boyd
HELP! Feeling like i am in a foreign land!
8 March 2016 | 1 reply
Ideally, an identical set of houses next door and across the street that are in identical condition and that all sold last week.
David Seale
Interesting Subject Property, Suffering From Analysis Paralysis
25 October 2017 | 10 replies
Identical layouts.
Carter Still
Multi-family ARV calculation for BRRRR
6 July 2018 | 9 replies
Numbers for 1 of these identical duplexes are below:$180,000 purchase (2580sf)$75,000 renovation$2800/month gross rents SF homes sell for up to $160/SF in this neighborhood The income approach would be...(2800*12*.75)/.08 = $315,000 (if I understand typical calculation correctly) Lender will do 80% LTV with 12 months seasoning.Thank you in advance for any information you can share!
Aisha MIller
tenants used co-applicant to secure the lease who never moved in
20 July 2018 | 13 replies
If the applicants are straw applicants or non-existent then the remaining tenants might not meet the income requirement and/or you could end up with a situation where a straw applicant has enabled criminal elements to occupy the unit.Sally, Joe and Eric apply for your unit, they pass and you rent to them.Later you find out:Sally and Joe moved in with Bob.Eric isn't a real person, he is a made up person, a stole identity basically, provided to you to pass the application screening.andYou find out that Bob is setting up a meth lab in the basement of your unit.I don't think that's ok as long as the checks clear.