I know that most landlords avoid this route but I heard it provides stable cash flow and less evictions required but you need to make the property pretty durable. A high NOI portfolio has come up and is affordable/pos...
Hi all,
The last analysis I posted turned out not to be that hot of a deal. This one seems a lot better. Any help would be appreciated!
Here goes:
Duplex
Purchase Price $55,000
Rents: $1,075 ($550 and $525) Each a...
I'm taking over a building and leaving the tenants in the space. They are all long term tenants (newest is 2 years). The leases are now month to month. They said they have not given any security deposits or similar...
I'm under contract for a fully occupied multifamily property in Chicago. I'm just learning that all the units have bed bugs. I have never dealt with bed bug before. How big of a problem is this. This is a 5 unit prope...
Hello everyone,I just purchased my first rental, made it through the screening process, have a move in date set for a qualified tenant, and am wondering about what kind of documentation I should be preparing, and in w...
I'm looking to secure a HML for a fix n flip in Florida and for now and am only looking to secure for the purchase price only and handle the rehab costs myself. One of the side benefits is that I can avoid the whole d...
Hi BP,
I'm in negotiations with a seller on an off-market deal to purchase 2 MFH buildings on the same street. There aren't any other buyers competing with me (at least yet). Here is the situation:
Property A:4-unit...
I have been looking for my first property to buy and hold. I viewed a property today that was in great shape. What I was able to see of it anyways. New roof. Very well done remodel of the upper unit (2bd 1bath) (vacan...