In the event late fee is not paid any amount owing shall be deducted first from any rental payment received. 

Also, ask for rent rolls, dates of rents paid, maint history, look at permit history on property, foundation, inspection, etc..Terms of lease are important so review leases thoroughly.

We paid that first house off in 2013 and use the rental income to pay our current house mortgage.

I am looking to leverage my equity some by selling some paId off single family homes I have and 1031 exchanging into bigger multifamily complexes.

If you are going to work with others to help raise money for the project make sure everyone is clear on what they are getting paid.

My team and I are getting ours from a data provider who generates list and data for us with set parameters that we want like absentee or pre-foreclosure.

I would narrow my criteria, are you going to target pre-foreclosures with high equity, absentee owners, probate, tax delinquent owners, as in any business system there is a chain of steps, and if you aren’t getting you’re desired outcome, work your back in the chain.

I am thinking of purchasing a $25k lot that i can fit for sure a small 4plex on in a city that is surrounded by heavy industrial plantsMy plan is building a 4 plex with 1 room, 1 restroom, small living room, tiny kitchen, and tiny utility room roughly 775 sqft a pieceI know for a fact i can get contractors in here rented out paid water and trash @ 950$ a month (possibly more if weekly and if i do all utilities)Why should i  OR should i not pull triggerRoughly 25k for lot + 200-250k to build  = a 225-275k loan @ 15 years @ 5.59% 275k loan 25% down1695 note paymentLets say 400 taxes 400 insurance (over estimating)2540 payment - 3800 rent = 1260 cash flow minus water and trash Basiclly 200-250 a door @ 15 years (trying to build equity fast)Im doing 15 years cuz i know i can walk in to my favorite bank and they’ll Loan this out to me fast basicly pre approvedNever done this before but already getting bids on contractors and this is what they told me roughly building cost wise (im more experienced in SFR’s)

The years of touch & go helped me grow a big set, but it has certainly paid off. 

Hi, I’m fairly new to real estate in general. A broker gave me an idea to go to school for getting my license. I’m wondering is this necessary if I only plan on being an investor and not necessarily building a career?...