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13 January 2020 | 10 replies
I will be inheriting one property in the next month that I will turn around and sell immediately and then potentially purchasing 19ac in the next few months (financing the 19ac).
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14 October 2021 | 113 replies
I failed to insist that my PM inspect an inherited tenant every 6 months.
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6 December 2019 | 2 replies
The first was inherited (I had to pay my brother out for the other half) and there is no mortgage on that and it is a rental property that generates a good income.
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5 December 2019 | 4 replies
You don't want to inherit a problem like this on your first property.I may consider talking to the tenant, but I don't have all the details so I would find out more from the owner first.
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6 December 2019 | 0 replies
A close friend and her two brothers, all retired or close to retiring, just inherited their mom's house.
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6 December 2019 | 2 replies
Situation: My wife has recently inherited $300,000 from her father's passing that we are now sitting on.Goal: $250,000 in passive income by year 5.Synopsis: I've always had the drive to get in to real estate investing but now we have the time and money.
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12 December 2019 | 12 replies
Plus at retirement age you have to sell to start making RMD’s, unless this is a small portion of your retirement IRA funds...Most likely anyone inheriting it would have to sell to take their require distributions.
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8 December 2019 | 32 replies
@Brandon Washington everytime I have inherited existing tenants title requires a copy of the lease and credits me the deposits at closing.
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7 December 2019 | 2 replies
Things that would lessen the chances of calls from a good property management team, long term fixes that would last 30+ years at least, and increasing the value of the property increasing rents.
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7 December 2019 | 1 reply
So, if you do inherit any such tenants, be sure to get the info of who you need to deal with directly from the seller (or tenant, as they should have phone numbers to reach their offices) BEFORE you close.