Jacob Elbe
Keep the inherited tenants until summer?
Here's the background:I made an offer to purchase a Duplex in Indianapolis for $65k. Seller was asking $75k, but accepted the offer. Advertised rent was $600 per side, average in the area is $620 to $650 for updated...
Jamie Blair
Purchasing a property: rent that was listed doesn't match lease!
Hi All! I'm getting into the detail/documents of the most recent property that I'm in the process of purchasing (in Ontario!), and I've came across a small discrepancy. The MLS advertised rent, and the rent that was l...
Patrick Chafe
Overcoming Debt to Income Ratio Problems
Hi Everyone,I am running into a problem with DTI. I live in Massachusetts and the cost of real estate is quite high. There are still a lot of good deals that will cash flow, however the barrier to entry is a significa...
Conner Olsen
STR tip for lower nightly rate on map view
People are always drawn to the lower nightly rate when looking at the map view. What I have found to be helpful is to artificially lower your nightly rate that shows up on the map view.I had a Wednesday free and I ha...
Wes Brand
Worth buying?
Cap rate: 8-11% (you'll see in a minute)All cash deal. Price is firm. Duplex, currently 100% occupied. To leave out the boring parts, I have run through the numbers and I come up with a NOI of 10k/year. With a mixture...
Diane G.
Need 17% cap to worth my while?
I am looking at this listing in Bakersfield, C class, 16 units, total monthly rent of $10K, asking $1.2M, claiming 7.75% cap... Now, if I apply the 50% rule, I get $5K net rent, which goes towards paying the mortgage,...
Account Closed
What should I be asking about this Multi?
I'm looking at a Multifamily here in Jacksonville advertised at an 8.3 Cap. This seems to be about a full percentage point higher than other properties that would be comparable. HUD and VA also have tenants in some ...
Ed L.
War Zone or Low Income Minority Housing???
I just ran across a 4 Unit Brick Apartment Building for real cheap.
It's in a good location with regards to proximity to town.
I'm trying to determine if the area would be classified as a war zone or perhaps it's j...
Jason Lee
late rent penalty fees collect later
Do you more seasoned landlords worry about late rent as in a few days past the late fee mark.( I put 50$ penalty on my lease)Or do you just take the late fees out of the deposit at the end of the lease?
Tom Gillotti
Offer accepted but numbers run incorrectly
I have an accepted offer on a 4 unit property for $300,000 (310 Hallcock St, Pensacola if you want to take a look). The property needs some work ($80-$95k estimate... contractor going out next week). All units are occ...