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I understand a good cap rate to be 5-8% but all this depends on cash or financed investment. For example.. I can buy a multifamily unit that has a cap of 8.5% If I pay cash. So what is acceptable for financed? If I ca...
Hello BP!I just bought my first rental property (closing in a week). A tenant has lived there for 3+ years, but has indicated that she is planning to move out whenever she gets a chance to search for and secure a new ...
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I would like to know if others typically add themselves as additional insured on their contractor's general liability insurance. Is this just a nice to have, or are their specific cases where this is really needed?As...
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Finally spoke to a banker(Wells Fargo) in my area doing HomePath mortgage....yes a real person
1. Only do HomePath mortgage...no renovation mortgage.
2. Require 10% down..
3. Other depending on property and such....
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My husband and I are new to multifamily purchases. What is a good way to figure out what the property is worth? Looking at land/tax records indicates the seller is way overpriced (by $100k), but I know that is not w...
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Hi Everyone, I am planning on purchasing real estate through a tax auction. What are specific things I should consider/look out for before placing a bid? Thank you!
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Hello community,I'm curious to know how investors who work with a partner divide their workload. What departments do you have?I'm sure everyone is different but I'm searching for ideas as I'm working on building and s...
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Hey! I have been successfully renting out 3 rooms in my single family home while living in the unfinished basement for a little over two years now. I have only had to change over tenants one time and each three rooms ...
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How can I correct cashflow issues if I have 3 properties? 2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%. Although I have 2 steady tenants in the pro...
Rented to a man with one dog. After it turned into man, woman, 5 dogs, 3 cats, and rent paid apx 30 days late every month, I served a 10 day notice under the basis of terminating with cause. They did leave within 10 d...