While continue hunting for my first rental property deal, my agent showed me an Apt yesterday and the price seems to be less than usual. It's a two bd apartment that usually sold around 30% more than what the seller i...
Hi All,Would love your advice. Would you accept booking requests from guests who don't have any reviews? (background info: their identity has been verified on Airbnb, they don't have any bad reviews, but they don't ha...
Hey Everyone,
So i have a dilemma on how much money to offer for this building. I have a person that is selling a 16 unit apt building, in a great town, with low taxes. His family owns over 5-6 million sqft of comme...
Hi all. I have a Wyoming LLC I created to buy a specific property. I ultimately did not close. I want to use this LLC but I do not want to keep the name. It will still be doing real estate activities. I have a D&am...
This is a bit of a hypothetical, but I'm starting to think it's going to happen at some point. It's also a funny story. :)I'm currently in the middle of evicting one of my tenants, Nora Jerk. Nora is a single lady wit...
So, I'm purchasing my first piece of rental property and the rent in the neighborhood is starting $1,100. The current tenants are paying under market value at $850. They are on month to month with no contract and I w...
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
I'm looking at a multifamily building: about 100 years old, 6 units plus 2 long-term businesses, 4 of the units recently renovated, ~$700K to buy, $92K potential income. The proforma shows $1,200/yr maintenance (along...
I did a quick search but couldn't find this posted in the forums (only on a few blog posts) - looks like HUD is floating a proposal to eliminate seller financing unless you become licensed as a mortgage originator. He...
What in your opinion makes for good cash on cash returns? Now I know this can vary depending on the risk of the area, but generally speaking what do you expect?
I see companies advertising 25% cash on cash returns...