Ok creative accounting gurus. If I offer a first months rent discount of half price as an incentive, is there a way I can document this in order to show that discounted rent as a loss? Or deduct it as a promo?
I have a family member who has found themselves deep in financial trouble and they are wanting to sell their home to me at a massively discounted rate to pay off their debtors. The catch? They want to pay me rent to c...
I have a friend who just started buying up "toxic mortgages" - delinquent mortgages from various lenders at a deeply discounted rate. He now is assuming the rights of the "bank" and proceeding with foreclosures. Mos...
Ok BP I could use your help!State Farm is happy to take my premium for insurance on a small commercial multi unit deal (6 units) that was completely gutted to studs and rebuilt in 2014, but 3 weeks after my close they...
Does anyone have experience with a property management company in Cincinnati that they would recommend?
Are there renter discrimination laws that would prohibit me from purchasing a multiplex in a bad/high crime area and offer discounted rent to cops?
Investment Info:
Condo buy & hold investment.
Purchase price: $455,000
Cash invested: $95,000
Rents 10 months per year. Use a property manager. Now worth $575K.
What made you interested ...
If someone is asking 600k for a building that has a 5% cap rate, 30k NOI and i purchase it at 500k. It wouldnt be 5% anymore, correct? Cap rate confuses me a little bit, because that cap rate would now be 6% not 5%. ...
HiIt's time for my mortgage renewal. What are the things to be cared for in doing so? Can we avail another lender? I came across certain things to keep in mind while renewing, like the posted rate isn’t the best rate....
In the past I've heard some apartment complexes will let police live there rent-free. That sounds like a reasonable idea to me. Anyone have experience with this?
I'm looking at my first multi-family purchase (24 ...