Steffani R.
Mix Use Property with Commercial Space
I’m hoping someone can share some insight. We are looking to make an offer on our first multi family investment property. This is a mix use property with a commercial space on the first floor. Asking price is $299,000...
Thomas M.
Selling on Contract
I was approached by a friend to sell a house we're considering flipping to another person on contract. They have a large down payment (about 35% of the home's listing price) that they could pay us up front. This perso...
Jay Dean
"Dress it up" or keep it "good enough" - How do you decide?
I am curious to know how people run the math on a "facelift" for a buy and hold rental.In my case it is a $55,000.00 property. Considering up to $5,000.00 in upgrades. This is assuming that I am going big. Nice cou...
Stefan M.
Seller backing out in NY
I've read similar threads here before but couldn't find the answer I was looking for. Basically we are in the process of buying a coop unit in NYC. Seller agreed on the final price a few days back and sent the contrac...
David Cook
Do you re-screen tenants before renewing a lease?
I recently had a tenant vacate a townhouse and during a walk through prior to their leaving a noticed court documents from a neighboring county informing my tenant that his charges for "aggravated sexual battery" were...
Amanda Dehaas
Tenant has 3 extra people in unit - how much do I charge?
My tenant signed a lease stating only 2 will reside in the 2BD/1BA unit and Guests are allowed for only 5 days per month unless they have written permission from the landlord. What do I charge them in the event the ex...
Matt V.
Out of State 203K
My wife and I are planning to relocate soon and with that are looking at properties that would need some work so that over time they would yield a nice equity position. With that we are thinking of utilizing a 203K l...
Arylle Young
House Hacking a 4-Unit Rental Property in the Heart of Atlanta, GA
Hello everyone, I would love for you guys to jump in and analyze this deal with me!Location: Center of Atlanta. Near the Mercedez Benz Stadium - Probably a C neighborhoodProperty Details: 4 Unit Fixer Upper All units...
Marci Stein
Replace septic, or not?
Seller accepted my very low offer because the prior buyer walked away when the inspector informed him the septic was corroded.
However, it is currently working fine. This is a flip. Do I spend 18 K to replace it eve...
Bienes Raices
Comingling funds and LLC
Not asking for or expecting legal advice here, but I thought someone might know the answer to this.
If I create a new LLC to hold a property, I assume it might take some time to establish a credit card for business e...