Thierry Van Roy
How to approach this deal? (Weird red flags)
So this 'apartment building' in my market has been for sale for about 6 months now and it's very peculiar. Quick roundup, get ready for this:
18 units (going from studios to huge luxury lofts) spread over th...
Sami Gren
tenant keeping stuff in hallway
I have a rule In my buildings that Nothing is allowed in hallways, all tenants are compliant. one tenant recently started puuting out stuff, her mop and bucket, big kids bike etc. I have asked her please not to keep i...
SALIAH S.
Starting in Multifamily Real Estate Investing
Hello All,
I would love to learn more information in regards to multifamily apartment investing. I would be interested in starting my portfolio with Class C apartments, with about 6-8 units to start. I am intereste...
Michael Hollinghead
Renter is smoking in the house...
Just got a new renter in a prop, and forgot to mention "no smoking" . Sometimes you forget some people still smoke inside. Ok , Going forward , is there an accepted form of testing to prove someone is smoking in a pro...
Thomas Ryan
Buying Duplex That Is Zoned as Single/Row home
Has anyone bought a property that is zoned as a single family/row home but is actually a duplex? How long did it take to get the property zoned to legally be a duplex/apartment. The property has 2 meters and 2 separat...
Miranda Crown
HOA rules & rental contracts
I would like to hear how other landlords handle HOA rules in their contracts, especially violation of rules by tenants. We plan to include a copy of the rules/fines for violations in our contract. Fortunately our...
Ann Bellamy
Investor loses father and step-mother to carbon monoxide - check and replace your CO detectors
A few days ago, I received an email from a real estate investor in my network. He recently flew to Italy to cope with the carbon monoxide poisoning of his dad and step mother while they were vacationing there. His ...
Tyler Evans
Newbie Buying with Existing Tenants, Assuming Lease, Questions
I've got a good deal, off market rare duplex in my area needing light rehab, PP 160k + 20k/unit (40k total) rehab = all in 200k. Once rehabbed, it will rent for $1,000/unit. I am using hard money for part of the purch...
Jesse Simmons
Creative financing options for distressed property
Real-estate Rookie here, I am going to try to make this as concise at possible.There is a mixed commercial unit for sale in my market that I have had my eye on for awhile. The property has been on the market for at ab...
Chad U.
Code Violation Liens in Florida
Hi BP,Here is my dilemma, I won an Auction.com property which states they will be providing a SWD and insurable title, yet the addendum supplied by the bank in the purchase agreement states: "BUYER UNDERSTANDS AND ACK...