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29 December 2020 | 40 replies
In my experience inherited tenants can be the Achilles tendon in any rental situation.
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27 September 2018 | 9 replies
Unless he has connection to a very good GC experienced in the area and referred by people he knows, this spells out a bad situation.
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27 September 2018 | 7 replies
I'll share a bit of information about them too because I think there is real value for readers in seeing the totality of my situation with real estate investing.
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28 September 2018 | 77 replies
I think the view on landlords or managers can quickly shift based on the situation, particularly - as you mentioned - evictions and rent increased, or if we don’t bend the rules as much as one might like.I’ve been called all sorts on names.
28 September 2018 | 9 replies
I understand looking for positive cash flow is a good proxy to avoid making bad deals when you’re a beginner, but if you’re careful in your estimates and run the numbers properly, I would believe you can still enjoy a decent return on your property even if your initial cash flow is inexistent.Let’s take the example of a zero-CF property (i.e. it’s zero after opex, capex, vacancy, PITI, property management etc..) in the following situation: I put down 20% as down payment for a 30 years loan, at 4.5%The property doesn’t appreciate over the years and I sell the property after 30 years for the same priceI incur 5% closing costs at purchase, and 5% selling cost when exitingI assume no inflation (hence selling price = acquisition price)In this context, my IRR would be 4.55%.
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7 October 2018 | 8 replies
If you are a serious investor, you need a good lawyer to setup the correct structure for your current financial situation.
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27 September 2018 | 9 replies
At 5:30 AM on Sunday, their car alarm goes off and wakes everyone in the cul-de-sac up.
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26 September 2018 | 8 replies
I've dealt with a similar situation.
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27 September 2018 | 9 replies
This kind of language appears in commercial mortgages from time to time depending on the situation.
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1 October 2018 | 5 replies
I watch the market and know that she will never find another place to rent less the $625/month that allows animals in the area.I am looking for thoughts/advice on what others would do in this situation.