David Hughes
Help evaluating Mobile Home Park and strategy to increase value
This is the first MHP deal I have analyzed and would like to hear your opinions about it------------104 total sites, 68 owner-occupied, 36 vacant on 3.5 acres -On city water/sewer-Lot rent is $310 and at market rate-A...
Jason Phu
Cash purchase, seller want to stay back after closing
Hi Everyone, the seller is asking a quick closing on a cash purchase, and want to stay back after closing for another 30 days. As a buyer, what should I do to make sure everything is going right in this situation? I ...
Michael King
Getting a leased tenant to leave when buying property
I am purchasing a multi. There is one trouble tenant I want to get rid of (covered all the smoke detectors and smokes inside) The problem is, they’re locked into a lease with almost an entire year left. We want to mov...
Malia Alacar
Alcohol use during renovation
Hello all,We’re new to REI. On our first renovation, doing it long distance. We have a PM who went by the house to put in an alarm system. She wrote us to tell us that she found a bottle of liquor sitting on the coun...
Kim Horn
Vandalism & property crime
How do you cope when your rehab project is the subject of a crime? Someone broke into our rehab house and stole some of the GC's tools as well as boxes of brand new flooring. The police know who did it as the idiot to...
Ryan Kenneth
Water consumption spike
I've had a new tenant move in and noticed that the water consumption has spiked higher than normal. I don't have water meters in the building so I dont have a way of charging that back to the tenants nor do I see oth...
Fausto Carosella
Lease Clause for POSSIBLY moving back into primary thats a rental
So here's a hypothetical situation: If I'm renewing someone's lease in a unit that I may consider occupying myself depending on changing life circumstances that may or may not occur how could I word that type of claus...
Bienes Raices
How would you handle this?
I had a group come by this morning to look at a house. They were very normal, polite and no alarm bells went off.
After they left there was a knock on the door a couple of minutes later and it was the husband/boyfrien...
Ty McAllister
Seller-finance (are they wraparound mortgages?)
Hey there! I see a lot of seller-financed properties as I'm practicing running numbers on properties listed on craigslist & other similar sites. I suspect that many of these homes are not owned outright.Is it comm...
Ray Harrell
Inspector for permit signature
I was recently granted a permit for work that was done prior to my purchasing the building. However, the permit needs the signature of the new construction inspector. The plans required for the permit include things t...