Hello - I am about to reject a tenant based on income (applicant's income is 1.8x rent). My listing says 3x rent required. I want to to be as polite as possible - if I say "unfortunately you don't qualify based on in...
We rent out shared apartment for college students (rented by the bedroom) one of the tenants I guess is about to have a baby. Now our terms is one occupant per bedroom, for example if boyfriend and girlfriend wanted t...
What down payment are banks looking for on a NNN prime location property with a long-term national tenant?
Hi All, I have a question regarding determining potential Property value based on CAP Rate. I’m analyzing a property in Southern California that is a 60 unit apartment complex. It’s currently 100% occupied and shows a...
Hi folks, I'm a newbie looking for my first investment property (sfr or mfr). The last property (located in Akron, Ohio) I analyzed had a 3.5% cash on cash return (including closing costs), which is much lower than wh...
My family owns a small vacant lot in a relatively-desirable area of Metairie, LA (New Orleans suburb), in Bucktown to be exact...I would like to get some feedback from the BP community around potentially trying to do ...
my sweet innocent tenent never cleaned a thing in 9 months , she stained the carpet , it took 26 passes with a steam cleaner to get the carpet looking like new , she kicked a hole in the wall , these are just a few th...
Hello BiggerPockets Community,I am gearing up to take my Real Estate exam and looking for advice. Currently, I work weekdays 10:30a to 7p with the immediate goal of starting out first as a part time Real Estate Agent...
I'm very interested in buying a large multifamily with an assumable loan. I see deals on the market today that offer assumable loans but unfortunately the asking prices are so far from realistic that there is little t...