Kelley Roberts
To Master Lease Option or not to Master Lease Option
I'm looking at a deal where the seller is anxious to sell a 38 unit apartment complex. They bought it for cash in 2005 for $1,675,000. Here are the current numbers.Asking Price $1,411,000. The normal Cap Rate for the ...
Edward Briley
Is it a good time to invest in Commercial Properties?
I am about to sell another flip, and I have been deciding rather or not to buy a commercial property to flip, for the reason that the banks are wanting too much for dilapidated housing that has all turned too competit...
Thomas Clark
Should I join the military in order to get a start in REI?
Hey guys, I need your input.I am a 30 yr. old local government employee who wants to be a real estate investor. My strategy is to buy a multi-family home (duplex) live in one end and rent out the other. However, not o...
Par Attaran
Found a home that needs ton of work, find a contractor on CL?
Curious how you guys go about finding a contractor that will walk through a property with you and give an estimate on repairs ? It appears to be a deal if the rehab isn't too crazy, but want to be sure before buying. ...
Johann Jells
Moral Dilemma: what to say about terrible tenants when asked?
Do you ask applicants for their current landlord's contact info? I do, but never call. A few years back I was put in an impossible spot. I was evicting a rotten couple, not an easy thing in NJ but I got lucky, and the...
Brian Erickson
About to attempt my first door-knock on a pre-foreclosure house..
I've found a property I'm interested in which a 'notice of trustee sale' has been issued and is 'scheduled' to be auctioned in a couple months time.It appears to not be completely repossessed by the lender and the own...
Heather Shannon
General Contractors: Hire one or be my own?
I am planning to buy a fixer upper and make it a B & B. I'm torn about using a general contractor vs. doing the general contracting myself.CONs of Hiring a General Contractor:1. They are reputed to suck big time ...
Nikki Cuozzo
Underground oil tank
Hello! If there is an underground oil tank, is the seller legally responsible to remove it before the buyer acquires the property? Or can it be negotiated within the contract? This property is in Connecticut. Thank you!
Mark Yuschak
Bookkeeping - what's your approach?
As we acquire more and more (mostly buy and holds, but also some rehabs for a quick flip) it's becoming more and more of a hassle to keep the books.
I am yet to find an adequate piece of bookkeeping software which re...
Michael Peterson
Higher end rentals
Please help me to understand why it appears that no one targets the $1000+ per month single family rental properties at least here in central Texas.
Everything appears to be geared towards $30k houses renting for $6...