Countless times, I've heard the question asked "How much do I need in reserves?" While the answer tends to vary based on the investors' risk tolerance, I thought I would share my experience. As a background, I live in...
One of my kids signed a lease with a big apartment complex. She had a choice of putting down a deposit equal to two month's rent or paying monthly "deposit insurance." The insurance is $150/month and she just renewe...
Hi all,I'm looking at a lead in the Ft. Worth area in Texas for a few seller-finance properties. I've offered the owner his price, a decent interest rate, and a 5+ year ballon on the note. Since I'm newer, I don't hav...
I've seen this happen 3 different times now. A house from auction.com is listed, dissappears, and ~45 days later ends up on hudhomestore.com. The first two houses went through several auction cycles, reserve was nev...
We recently had a family member offer to sell us his condo. It's in a great area, and the offer price is slightly below that of other comps in the area. Market price is around $180k, we can get it for $160k (using c...
I am on a committee in my small 8-unit condo HOA tasked to figure out an inexpensive way to get a reserve study done. Has anyone used a do-it-yourself type template? I found many sites that explain how to do it and ...
Purchase price 180k, closing costs about 6k, initial repairs roughly 5k (based on review by my property manager/inspection)Annual income total 39,300 Tenants pay own utilities, roof is about 6 years old, newer boilers...
Is there a method to servicing the debt that is accumulated through the financing of the properties? If you have 5 properties and 3 go vacant and the 2 that have the income do not cover all 5 what are the best safety ...
Hello, looking for the best way to get to 5-10 rental units by end of the year. I currently have 3 properties: 2 rentals and 1 primary.
Primary appraised at 140k in January and I owe about 93k on it. Current mortgage...
Just thought there should be a thread where the class action attorneys can go to get a list of plaintiffs who want to sue the states. I'm so in on suing the state governors just say the word.
5th Amendment US Consti...