Liz C.
Tenant does not want to renewal 1 year lease, requesting month
Hi all, I have a tenant who I have been providing about $200 credit every month for her to stay and now her lease is due. I give her market rent if $1600 to renewal. She told me she is happy to pay that with month to ...
Grant H.
First multi family property
I am looking into a duplex in a major city in Texas that is listed for ~$300k and has total gross income of $3,100/month (so it meets the 1% rule). Tenants pay their own utilities, except owner covers water. Plan is t...
Account Closed
USDA Loan Eligibility
Hello Everyone,Can someone share details of eligibility criteria for USDA loan (non-citizens) ?
Robert Alexis
Urgent, possible loophole to save my earnest money
I placed an offer on a bank owned foreclosure that was accepted 9 days ago and am currently under a fully executed contract. We discovered a leak in the roof that will significantly increase rehab cost, making my HM L...
Pyrrha Rivers
Questions about offering on a short sale
Have never offered on short sales but have questions before I try.Is the listing price on a short sale the least the bank will accept?Does Approved short sale mean that the bank has approved the asking price?Does Pre-...
Ryan Esslinger
Deal Analysis Statement of Net income and Cash flows What could be done?
I could not find how to upload excel sheet for this.... Please see attached PDF.Here is the deal as they currently have their financial situation. This house is a converted house to separate apts and the financials lo...
Ian Hogan
Worcester Multi-Family Year of Data Review
The Worcester multi-family real estate market has been marked by unprecedented lows in inventory throughout the current year, dipping below 25 multi-family listings by December. While there was a marginal uptick towar...
Mark S.
Memphis/Shelby County Emergency Rent Assistance Program - Accept?
I was just contacted by one of my PMs for one of my turnkey rentals in Memphis, TN. The PM stated that the tenant has applied and been approved for rent assistance through this program. I'm told the program will pay...
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Negotiations
I was recently in a competitive bidding war for a house. In order to make it enticing, I increased the offer 5% more than the asking price and submitted without making any conditions; I figured I can adjust the off...
Mike Savage
NJ Month to Month Lease Termination
Happy new year everyone. Is it easy enough to terminate a month to month lease in 1 of the units in 3 family house that is not owner occupied? Location : Weehawken, NJ. Issues: has been difficult with this tenant fore...