I closed on my first commercial property last November - a 6 unit all residential. To those that have successfully expanded your portfolio, what strategies worked for you the most? I want to avoid having my loan calle...
We have our first small development in the works—a parcel that we will be subdividing into three lots. This is in the city of Ann Arbor where there are very few infill lots. I am intending to list one or more houses t...
I just finished graduate school and am looking for a rental property to invest in long-term and sell the property after it has appreciated ~20% in 10-15 years.My budget is around 250-300K and I'm looking for propertie...
Hey All,I've perused through the Canadian section and there doesn't seem to be a great deal of info on this topic. I'm looking for some information on how one can go about purchasing a rental home in Canada under a co...
When running numbers on a potential property, do you typically budget for turnover costs in addition to capex reserves? I’m guessing if any turnover costs are incurred, the security deposit from that tenant would pay ...
Hi Guys, one of the banks is charging $1300 fee to do a 6-month rate lock-in at 3.875% interest rate - fixed 30 years.Would you advice paying for it or taking the risk and wait till summers next year to not pay this f...
I am the landlord of a commercial gastro space in NY State. The tenant has been regularly past due in his rental payments over the last several years but does pay the rent after an average of one month delay. That del...
Currently I have 2 single family rentals and my primary residence. For the past 2 rentals, I've used my interest only HELOC, which had about $50k available for DP and repairs, then just paid it back quickly, not reall...
I want to bid on a property that is due to be auctioned on auction.com in the next few weeks. I would like to understand any additional costs or risks associated with bidding. So, I am curious what other expenses I ...
Hi all.
My real estate agent buddy, whom I've known for a long time, wants me to loan him $7500 for a max of 45 days to pay off his contractors while his investment property flip closes. I don't have any reason to d...