I have a creative financing idea that I want to run by you all. What is your feedback on the legal & tax ramifications?I'm planning to buy a rent-ready vacant fourplex in Cincinnati, OH. I don't have enough cash f...
Does anyone invest in mobile homes to use as rentals? (Not an entire MHP) What's your experience with the ROI vs depreciation vs repair costs, etc?
Hey All - I am officially brand new to being a landlord. As of this past weekend, I had my first tenant move in. Being my first rental, I've utilized a local PM company that has pretty reasonable rates, and they got m...
Hello, I am currently approved for a FHA 150k at 3.5% down with a interest rate of 3.75%. I am wonderinfg if for example, instead, do a FHA 203k loan, or conventional loan for the purhase price of 115k. Borrow 45k fro...
For example, I set aside a specific amount for each rental. Each year it comes out to about 7,500 in reserves to cover vacancy, maintenance, for each of a small handful of rentals (let's say 3). It's really rare I hav...
Hello all,
I got a letter (haven't seen it yet, tenant received it) supposedly from the electric company wishing to charge me $5000 for their having to do electric repair. This sounds extremely fishy to me. Anyone ...
Investment Info:
Single-family residence fix & flip investment in Southern Pines.
Purchase price: $63,000
Sale price: $207,000
Our first flip and during the peak of COVID. I even deployed for ...
Hello Friends,I am working an off market deal in Connecticut which the owner is behind on her mortgage payments. If I heard her right, she said $20k behind. I do not have confirmation on how much the current mortgage ...
Hello my name is Dan. I’m current living in AZ but I grew up in East Lansing.
I’m looking to start in the GR investment property market.
The first thing I’ve noticed was how old these houses are. This is much d...
Hello,
I'd like to not renew the lease on my current tenants.
Based on my lease, if I don't want to renew I must give my tenants 30 days written notice prior to the end of the lease.
Now, how do I make su...