Quincy Davis
Need help getting pointed in the right direction
Good morning REI gurus. I'm fairly new to the site and REI but wanted to ask for some insight.A friend and I are looking at purchasing an investment property in Houston Texas (where my friend currently resides). I liv...
Theo Z.
Is My Math Right on This Loan Scenario?
Two years ago, I borrowed money from an investor which I used towards a down payment on a 20-unit apartment complex. Terms on the loan were:Amount: $100,000Rate: 8.0%Amortization: 25 yearsScheduled monthly payments ar...
Allen Clark
Oh gut feel, why are you always right??!!
I rent short term furnished rentals for a premium very close to downtown Seattle. Usually 3-6 months. I had a prospective tenant meet my criteria and she wanted the place for 5 weeks. I typically don't rent for that s...
Dominick Colello
Finding the right lender, LLC or Single Borrower?
Hi everyone,
I should start this by introducing myself, my name is Dominick. I’m 22 years old and just recently graduated from SUNY Albany.
After years of living in student housing, both on- campus and off-campus,...
Claire Wilshire
Owner Financing - How to Pick the Right Property
I'm just starting out with this strategy so looking for advice - my goal is to buy low-income properties (65k or lower, preferably below 30k even), and then turn around and owner finance those properties out. I'm awar...
Pamela Huley
Landlord Rights with Rent Control Property in LA
Hello Does anyone have experience with asking tenants to move from a rent controlled building in LA? What are the building owner/landlord rights in a four unit? The owner is exploring options to leverage the property.
Marysue Connelly
legal right to ban prior owner from property
I purchased a 22 unit apartment building summer of 2018. The past owner did self management and was lax and inconsistent with any type of policy. He has been visiting the property and seems to be advising tenants on...
Marysue Connelly
legal right to ban prior owner from property
This is a re-post from multi family forum. Not sure where best to ask.I purchased a 22 unit apartment building summer of 2018. The past owner did self management and was lax and inconsistent with any type of policy....
Ryan Keenan
Security deposit. Did I do the right thing?
Hello BP,
I had a problem tenant who always paid late and whom I had to evict. In the lease it says she is responsible for any lawyer fees in the case I have to sue or evict her. I did take out the 550.00 to evict her...
Vincent Plant
Removing a Section 8 tenant the right way?
I am closing on a property next week that is tenant occupied by a section 8 tenant that I will be inheriting. My plan is to either flip this property or to do some work on it and rent it out for much more than what se...