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27 May 2024 | 4 replies
Monthly payment (including insurance and taxes) is $2,600.
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27 May 2024 | 9 replies
Recommend requesting the seller’s existing ALTA Survey, building plans & floor plans, site map, seller’s prior Phase 1 & environmental reports (easy for them to ask lender for copy), full rent roll detail (including renovated/classic unit indications by unit, sqfts, building #’s, full detail), aged receivables report (will allow you to identify hidden delinquency / bad debt yet to be reflected in T12’s), general ledgers / capex ledgers back at least 3 years to ID major capital projects or damage that wasn’t disclosed initially.
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28 May 2024 | 3 replies
The problem is, that I would like not to have to purchase a lawnmower for my tenants to use (when I thought there was one included with the sale).
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27 May 2024 | 1 reply
So I am seeking advise on platforms to advertise the units, how to vet potiential tenents, how to create a lease agreement, how to collect rent, and any other helpful tips/advise that anyone would have.
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28 May 2024 | 3 replies
@Sarah AliReal estate investing offers various strategies for limited funds, including house hacking, crowdfunding platforms, wholesalers, lease options, turnkey rental properties, partnerships, and small commercial properties.
28 May 2024 | 8 replies
A commercial appraisal will include giving value for the income potential, so for a property like this it wouldn't be at all unusual for a residential appraisal to come in at $950k and a commercial one to come in at $1.1m or some other higher number.
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29 May 2024 | 64 replies
You can easily include a series of obscure clauses such as "eviction can occur due to...lack of character.....multiple complaints by neighbors....questionable sourcing of income....lying on an application..." list goes on and on.The key point is, put something vague into your leases, and use it.
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28 May 2024 | 5 replies
Correct me if I am wrong.What services is the accountant providing you and what communications are you looking for.Does the $900 already include filing of a tax return and bookkeeping?
27 May 2024 | 14 replies
If you say no, then you would be missing out on a lot of other benefits to creating wealth in real estate.Cashflow is just ONE way that we make money in "buy and hold" real estate - and it's the least important part of gaining wealth.
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28 May 2024 | 9 replies
I bought my rentals in Killeen while at Fort Hood early 2010s, including quadplexes. 2-4 families seem to be especially popular around military installations perhaps?