I've been working on my first deal for a while now, hoping it will close any day. I negotiated 3 existing attached flat screen TVs to be included in the deal. My hope is to use them as enticement for new renters, bu...
Hello, We are a property managing company that rehabs and rents our own properties. I am confused when I comes to the categorization of some items. First Repairs/Maintenance and capital expense, from what I found arou...
I'm considering "rehabbing" or improving about 76 units that I own which is a portion of my older portfolio. These properties have been good cashflow properties, but they are more maintenance intensive since they are ...
I'm pretty new in this field, I need help with wording (drafting) of an assigned contract,that I would get the seller to sign. And my second question is do I need to have (2 contracts, one for the seller and second f...
We own 23 single-family homes in the area. All of the homes are located in working-class neighborhoods and we are fortunate to always have them filled at 100% occupancy. We have owned most of the homes since 2009 / ...
Do these loans cover 'all' types of renovations OR just 'some' renovations. Example: Let's say I want to convert a 2bdrm into a 4bdrm by turning a porch and a dining room into legal bedrooms (they would meet legal...
I'm not sure where to ask this question. Here it goes. Is there a great website that you have used for door hangers, business cards, keychains or other marketing items? I just received my Real Estate Salesman License ...
Hello everyone,
I am analyzing multifamily deals using a modified spreadsheet I found online, and the spreadsheet has a reserve account that is taken directly out of of the NOI called "Replacement Reserve". It is ta...
Hello,
We are in the process of a 203k loan and we about 50% done with the project. We currently have depleted most of our contingency and after review we noticed that some of the money was spent on permits and tras...
A while back I was going through flight training in Pensacola, and we decided to live in a vacation rental for three months on Perdido Key, FL. Our monthly payment was $2400 and included $2400 deposit. When we left,...