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...
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%. ...
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 ...
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....
I have a client who has a 5+ multi unit apartment building that has become a problem with tenants due to mismanagement and the past two years of covid. Everyone's paying rent but there are some issues with violent beh...