I know this site mainly focuses on how to buy investment properties, but I thought I would touch on a subject that may help someone down the road avoid a potentially expensive pitfall through the proper insurance coverage.

Sure the tenant got behind by not paying the late fees, but if the tenant was not properly informed and the terms of the lease were not properly enforced, then that was a great disservice.6.

Many neighborhoods are seeing their areas renovated while tax and development incentives are enticing many businesses to move in and grow.

If you have done your homework and the property is sound, there should be nothing materially wrong such that a reasonable insurance policy would not cover.If you continue to do your homework and screen your tenants properly, you should have a low risk of them destroying the property that an insurance policy would not cover. 

I’d definitely pass—good possibility it’s a scam, and even if it isn’t an outright scam imagine trying to collect from a 90 year old out of state co-signer who will likely develop a severe case of “oh your honor I didn’t know.....” if there is any trouble!

Hello there,I own a commercial lot in downtown Tacoma (5000sqft) that I would like to develop into a 4 story microunit apartment building.

The funny part is we demoed all the ceilings but the slab leak didn't develop until they were put back together.

What I’m realizing is that there isn’t a plethora of multifamily properties in the Northern Va area, the ones in DC are either way too expensive or in SE, and NE and I’m not too familiar with which areas are good to buy, they’re in PG which I’ve heard isn’t really developing all that well and isn’t as good a buy as Montgomery Country, or they’re too far out in Montgomery Country that I worry about finding renters.I’ve got searches on the MLS setup to send me any multis in the DMV so I’m looking but I just want to know of there are any people in the area that can give me some advice.

If done properly, you can raise 10-20% of you mortgage in your first year.

On a personal note, I've found that developing curiosity as a lifelong habit has made for a pretty fulfilling life, both in and outside of investing.