Jennifer Armstrong
WHOLESALING-PUTTING TENANT OCCUPIED HOUSE UNDER CONTRACT IN CA.
4 April 2018 | 2 replies
The seller did express he was reluctant to not renew lease for fear of tenants trashing house.
James David Ludovina
Renting back to owner after closing escrow in Charlotte
21 April 2018 | 3 replies
A few takeaways for us:-we were able to rent back because we had an alternate short-term living situation lined up with my in-laws (free rent)-we had to limit the rent back to 60 days max because of our mortgage terms (required owner occupancy within 60 days)-we didn't use a long lease or anything.
Melissa Kirchhoff
Warehouses, Churches --> Work/Live Lofts?
12 August 2019 | 1 reply
So a recent podcast and similar timed stay in an airbnb in another city along with my current market severe lack of inventory (yet too high new construction costs) lead me into thinking about this topic.Has anyone on ...
Steve Landers
looking for advice on software
5 April 2018 | 4 replies
If you do a lease to own or finance the existing home for a tenant, how do you keep the lot rent and mortgage separate in the software?
Joe Senchuk
Lease expires, tenant signalling they will refuse to vacate
19 April 2018 | 33 replies
The temp agency refused to be named on the lease.
William Davis
Potential Billion Dollar Deal
11 April 2018 | 73 replies
You could reward good tenants to long term 9-2 year leases and decrease their overall monthly rent by signing longer contracts.
Trevor Dominique
Info you are able to request while analyzing a property
5 April 2018 | 3 replies
Both units are currently rented with one unit on a two year lease with the other on a month-to-month rental agreement.
David C.
Renting Out Residential Garage Do I Need Liability Insurance?
4 April 2018 | 2 replies
Already have a lease printed out that, should the renter sign, has a clause in there that says we're not liable for anything missing from the site.
Max Householder
Our First Investment Property: Year 1
9 October 2018 | 6 replies
I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.
Ben Davis
Alternate Way to Househack?
4 April 2018 | 0 replies
Our predicament is, our lease on the apartment we are living in currently is up in August.