Looking at a duplex to purchase which has a long term tenant pay almost half the median market value. If I decide to acquire the property, how would you go about raising rent enough to make it profitable? It's in cen...
Hello,
I'm currently in escrow and the current tenant's lease is expiring this month. I requested info from the seller's agent to see if they were going to stay and renew the lease, since their year is done at the e...
I just finished the rehab on a rental. It has been on the market a few days with a lot of interest. I had a couple look at it today that needs a place this week. They check out well (credit back ground, etc.) but this...
Funny story
I went on a website, saw a house selling for 22 mil with a NOI of 1,575,000. I went to the bank the next day looking for a loan. . Banker asked me if I had collateral. Had no idea what she meant. Now I kno...
Hey all,
I recently closed on a 2-family property that I plan on moving into and staying for a few years. The first floor kitchen and bathroom has been upgraded and I plan to add some fresh paint etc when the current...
I'm a newbie with a fresh real estate license. I either read or heard from BP community that a newly acquired license simply is a ticket to start learning RE. That is true, cause I don't know much. And I don't even...
Brand new tenants getting divorced and can’t afford rent on their own.
We had tenants move into our rental in September 2024. They just wrote us that they are getting a divorce. Neither can afford it on their own. T...
I am closing on a duplex coming in June. One of the units' leases is up on July 1st. I know nothing about the current tenant at this time because we are in the beginning phase of purchasing. Listening to the podcas...
Hello BP!
Just wanted say I love this forum and I wouldn't be where I am now without it!
I got a lead on a motivated seller for a MFD home in a B- to C+ area. This is going to be a Lonnie Deal.
Specs:
- 1970s 18x56...
Hi! I purchased my first rental property this March, and there is an existing tenant. He has been living there for about five years, and currently, his 2-year lease is about to end in September. Since the previous own...