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Results (10,000+)
Shak F. Recommendations on renovation
9 April 2024 | 12 replies
If you plan to keep it long term, make sure to take care of plumbing issues beforehand. 
Walter Roby jr Investing in land for Solar Farms
10 April 2024 | 12 replies
Also does not take into consideration setups costs if not paid by the solar company.
Chao Yi Shih Closing soon on investment and having regret
8 April 2024 | 21 replies
Front unit i think market price is around 1600-1700, but i am planning for 1500-1550 to gain advantage on rentingit's a popular rental area in trending neighborhood, so it has a lot rental on the market and a lot investorfirst regret is i think my offer was too high, i offered asking price at 224k which with my 10k deposit and no inspection (i did had a long term contractor go take a look with me) i can likely get the house for cheaper, it went from 300k to now 224k from last year, so 8 month on market, i could get it for maybe 200k or 210k insteadOriginally i planned to have some minor interior update include few windows, which i am estimating around 3k, but noticing the 3rd floor shingle siding was aging and looks like just matter of time, so i had to replace 2 more exterior siding that need scaffolding, long story short, my repair cost went from 3k to around 8-9kmy dscr loan is 7.625% 30 years, my monthly would be $1577 PITI + water (say $230), compare to my expected rent of $2430, so $623 remaining each monthsome concerns are1. it's flat roof and it's just matter of time for me to replace2. i know this market is always trending, a lot tenants and a lot rentals, so it's competitive but popular, i dont know what to feel about it, i have other rental in the city, just not this specific neighborhood3. since there's so many investor in the area, why no one bought it for the price, it was once lowered to 256k before it go down to 224k. when the market was hot, i think 324k would easily sold, but obviously it didnt as that's what they listed in 2023 summer4. unit was managed by management company, last lease on front unit was from June 2022-June2023 rented for $1700, then they later put for sale for 324kon one hand i think the number works, but on the other hand, i keep have this feeling i wanted to back out of the offer, i think also due to my saving would be down to 20k after closing and all the repairs made, which i normally wanted to have at least 30k in bank, also the extra siding job got me scared a bit, and roof that need to be replaced in futureif i back out now, i am going to be losing 10k + inspection 800, so that's close to 11k lostWhat's your take on this, i would hate to lose 11k without any valid reason and just scared myself out of this deal, but honestly i am having some hard time looking forward to this purchase.
Jose N. Sould I charge tenant for clogging sink with a tooth paste cap?
7 April 2024 | 8 replies
Because a tooth paste cap lodged in the drain is not a covered maintenance issue, they want to charge me $150 to take care of it.
Patience Echem Needing input on how best to use my cash
11 April 2024 | 40 replies
There are companies out there offering low interest rates for 30 year fixed mortgages so you would not need to deploy all of your capital into one rental property and then play the waiting game for when interest rates drop. 
Rene Ochoa Solar panels rental property
9 April 2024 | 6 replies
If it's over 50 units there are companies that will pay for, install, own and operate the system and will pay you a lease payment.
Tom Pubins Best way to sell a mixed use commercial property
9 April 2024 | 4 replies
@Tom JordanHere's a start: 1. start a buyer's list (or use existing from company)2. various forums3. daisy chain with a wholesaler to tap into their buyers4. reach out to brokers who sold similar property in the greater area5. reach out to owners who have similar property in the area (particularly recent buyers)If the commercial space is < the residential space and there is no more than 4 units total, this could be a good option for an FHA/conventional buyer.
Sree Todu 1031 Exchange Question
8 April 2024 | 5 replies
Be careful though -- you'll often take a very steep haircut on the face value of the note if you shop it in the broader secondary market.  
Andre Nusta Turnkey Rentals Around
8 April 2024 | 3 replies
What are the best turnkey rental companies?
Lily Aldridge What are closing closing cost?
9 April 2024 | 2 replies
Seller's also have to pay an attorney/title company to close, complete a smoke cert, recording costs etc.