Daniel Grimsley
Failure to pay?!?!?!?! Should I start the eviction process????
13 June 2024 | 9 replies
Quote from @Daniel Grimsley: Whether it is their last month, first month, or 33rd month, you should have a clear policy of when late fees are applied and when you start eviction.
Jerrod Rosen
First Airbnb Property
12 June 2024 | 2 replies
Purchase price: $585,000 Cash invested: $73,000 Our first Airbnb Property, bought for $585,000 and has not appreciated much since we bought it.
Adrian Moening
Mid term tenant security deposit dispute
17 June 2024 | 4 replies
First check your laws to see if you have to return the money within 30 days or send them an itemized bill with the balance of the deposit within 30 days.Stick to the facts in court because his temper and the changes in their story will work against them and land them in trouble as it will appear they are not being honest.
Rakesh Battula
Potential Investment - Medical Office Building on LoopNet
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
Josh Deever
New Investor Tips
16 June 2024 | 16 replies
I just turned 22 and want to purchase my first rental property within the next two years.
Shane Petersen
Can I sell my STR for more than market value if I have established revenue?
17 June 2024 | 16 replies
First because reviews don’t transfer the buyer could set up the identical home across the street.
Daniel Lambert
Loan Qualification on second mortgage
16 June 2024 | 4 replies
Hello all, My wife and I were so close to buying our first duplex to begin our portfolio.
Anthony M.
Where to find framing contractors who aren't general contractors
16 June 2024 | 6 replies
First guy I called was eager to do the work.
Catherine Ding
Turning over a rental unit with a smoker
18 June 2024 | 18 replies
First, I would raise the rent slightly higher than market rate and see if the smoker stays.