Barbara S.
Elderly tenant in NYC
I am in NYC, have an elderly tenant that should be in a nursing home but refuses to go. He is alone, no family and a handful of friends that check in on him occasionally. I have been trying to get him social service...
Andrew Karpman
Appraisal Report Request from Sellers
Hi, we're in the process of purchasing our first property, and we're in the negotiating stages of the deal. We've already requested that sellers repair the big ticket items as was indicated in the home inspection repo...
Rav Ram
Purchased 1/2 a Duplex and owner already converted duplex into Single Family in DFW
Can anyone help with ideas on what to do with this scenario that is occurring in Tarrant County Texas. This is a friend of mine's property.John purchases a priority that consists of half a duplex prior to a tax sale d...
Ben Naughton
Florida Law on Renting to Undocumented / Illegal Immigrants
I just had what seemed to be a great family of 3 come look at an apartment I'm renting. When it came time to fill out the application they asked if a Passport number (not from the US) would be Ok as they didnt have a...
Andrea Shields
Tenant in Jail, now what
Hello BP,I have been searching similar topics trying to find answers to this question. My tenant of 4 months, who was a bad placement by my realtor is in jail since the beginning of December. The girlfriend who is not...
Ryan York
Talking to Lease option leads
Hey all,
We've recently started working with lease options.
We have a tenant buyer site set up and we're working direct mail, Craigslist, fsbos and expired listings for sellers. As you can imagine, we're getting pl...
Ted Klein
Rental Increase Question
I have two fantastic long term tenants that I'd like to keep. Both always pay on time and take great care of the place. I thought that the proper notification of a rent increase was only 60 days notice, however, I res...
Jim Bentley
Financing a property within an SDIRA/LLC
I've completed the purchase of my first property, fully paid in cash, through my LLC in my SDIRA, and I have it rented. I now want to purchase another property, but this one I want to finance with about 30% down and ...
Jack Srimani
Four unit property built in 1900 analysis help
Hi,
I got the document for analysis of four unit property which was built in 1900. The following shows the summary of the form 8835 (I believe equivalent of schedule E)
For 2008
Gross Rent 16500
Total expense 20400
...
Account Closed
Current SFR deal analysis
Price=300k
Down=20%
Interest rate= 3%
30 yr fixed
P&I=$1012
Tax per month=$291
Insurance per month=$67
Total per month=$1370
The home is 4 bed/2.5bath 1800 sf
Built in 2005 so very low maintenance. Very rent...