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I recently purchased a property in Wisconsin and when I received all the paperwork I did not receive a damage checklist or condition document from the tenants. Now one of the tenants is leaving and left cigarette burn...
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I saw a house that is up for sale in my town ( Louisville, KY). It is a single family house advertised for $69,900 and I was able to get the seller to go down to $64,500.Here are the facts about the houseSingle Family...
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I recently acquired a SFR that is in huge disrepair. The family neglected their roof which leaked onto the hard wood floors below. One of the people gave a quote on something else said they were 1 inch oak wood floor...
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We’ve been working with a lender for about 6 months to finance my first home. We are in a unique situation as we are buying a home out of a rent to own agreement. The first 4-5 months I worked with an inexperienced lo...
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I'm moving to Tampa and considering keeping my 2 fam in NY as a rental property, and possibly purchasing another rental in the Tampa area. Would you form an LLC for each of the rentals and why?
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I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors. My questions are: Was there a benefit to going debt free?Ho...
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When you buy a property that needs some work, how do you protect yourself from going over your rehab budget (or from the contractor exceeding his estimated cost)? Do you include specific language in the repair contra...
When wholesaling a property to your prospective buyers, how are you able to estimate the rehab cost to them (and for yourself) so that they have the general idea of what it will cost and their ARV without having perfo...
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Hi everyone,
I recently posted about a deal that my friend was considering in Dallas, TX; that post is below and labeled "original post". We've looked at the numbers a little more closely and changed up the strategy ...
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Off market 8 unit brick apartment building in Cleveland built in 1920, Manhattan Beach areaPurchase price - $145000Rehab costs - $30000 (cosmetic consisting of windows/paint/flooring/trim/carpentry)(6) 1-1 units under...