Hello,I recently bought my first unit.

I assume I can easily NOT renew a lease if I am moving into the unit as owner occupied and the tenants shouldn't be able to fight it.Thanks for all advice and anyone who would like to connect online or in person for a drink and to talk REI.Scott

Several years ago when a new survey was done on their property and the property next door, it was revealed that my parents propane gas tank (which was already in place when my parents bought the property) and part of the walkway (ditto) is encroaching upon the neighboring lot.

We all now live in the house my mother and grandmother bought. 

Hi All,I am a residential real estate agent who has bought and sold multiple personal properties but have never taken on a commercial loan.  

He’s never set foot in Ohio or even bought a property but is looking at investing in Cleveland.

I actually bought a 4 unit a mile away for $45,000 last year but that needed about 30K worth of work so I feel this is about right as this one is turn key with no repairs needed.The seller financing deal - Sales price $63,500Cash at close from me $50004 year note @ 4% for remainder ($58,500), monthly payment of $1000 with balloon at the end, no prepayment penalties.Monthly projectionsIncome =     $2200Expense=    $220 management                     $220 CAPEX = No problems yet but "Unknown age" on the roof and owner has had property for 20 years                     $480 Insurance/taxes = Total taxes for 2017 were $4982 on assessed value of $78000 plus $600 a year for insurance

The borrower bought it in 2014 and now has a 60 day window to refinance out now with no prepayment penalty.

any one bought from xome>?  

Here is what I calculated as our current monthly expenses: Principle + Interest= $1450, Property Tax=$475, Insurance=$67, HOA=125, Water/Sewer(Fixed cost even if we use no water)=110 Total = $2227 and then I have to add on maintenance costs and vacancy as well.Since we bought the property in 2008 without having any real estate experience we seriously overpaid for it at the peak of the market.