Amelia Brinker
Help with bidding on a hud house
5 February 2020 | 9 replies
The computer program either accepts or denies your bid based on the minimum set by HUD.
Gabriel Moreno
Post Move Out Fees?
17 January 2020 | 2 replies
I recently was forced to move out of a unit due to the owner wanting to reclaim that particular unit to “upgrade” it.Anyways, after all that I was still charged a couple of cleaning fees for the carpet/furniture in the bedroom which totaled to $80.I wanted to know if that is acceptable to do considering there are no damages apart from (minimal) normal wear and tear.
Jacob Ashley
2%-rule property locations?
20 January 2020 | 19 replies
@Ivan GuillenHi Ivan, Please send me a private message after you accept my connection so we can chat.Thanks,Jake
Gus Muller
1st potential BRRRR...advice and recommendations needed!
29 January 2020 | 18 replies
We had a full priced offer last weekend, but it was contingent on the sale of buyer's property, so we didn't accept it.I had renters warehouse come out on Monday and they thought it should fetch between $2,500-$2,700/month in rent.We purchased the property 11/8/19 and there is a 6 month "seasoning" requirement for refinancing and taking cash back at closing.
Jason Leak
Due Diligence question
18 January 2020 | 5 replies
Here are the specs:6 unit brick multifamily Apt building-priced at 569,000- negotiated down from asking 600,0006-2bd/1bth apts currently does 4700 per mth-rent currently about 20% under market at the start of due diligence was 100% occupied-That is what I based my offer on building performing at 100%tenant just gave his 30 day notice -so before closing the building will have 1 vacancy performing at 84%The inspection also turned up 15k of safety violations I believe both are points of renegotiation-I'm just not sure how much is my question-I was going to ask for 15k of a closing concession to cover the safety issues-but how much is considered acceptable/reasonable to decrease the price for the vacancy?
Marcus Johnson
Murder inclusion in Minneapolis
21 January 2020 | 31 replies
They're pretty much forcing you to accept whoever applies.
Damara Montaque
How do todays investors protect against a market downturn?
17 January 2020 | 12 replies
@Curt Smith when you said “increase your net cash flow when you offer and finance” do you mean increasing it by purchasing properties for a lesser amount (assuming they accepted my low offer) or look for properties that would meet the 1.6/1.7 DSCR?
Josh Wood
Submitting offers on multiple properties simultaneously?
17 January 2020 | 2 replies
I’ve put in multiple offers at once but always with the intent that I would buy every property that accepted my offer without a counter.
Luke Carl
Tenant Stopped Paying Rent While I’m Under Contract
28 January 2020 | 37 replies
We were still within the bounds of an offer but before acceptance on both sides.
Steven Stillwell
College rental buy and hold
18 January 2020 | 1 reply
Got in touch with the agents by lowballing offering and they came in with a counter that I accepted!