Purchased my first duplex on March 2 and it came with tenants currently occupying both sides. I currently have been able to get a lease signed with one of my tenants and rent collected for March with them. The other ...
Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...
I made an offer on a foreclosed property recently. After several days, there was a reduction in the price by $8,000 on the MLS. The next day they accepted my offer which was over the asking price! What does this mean?...
I’m currently under contract on my first sizeable multifamily property. I’m including details about the property below. If you all could skim through and let me know of anything it appears I haven’t considered or any...
Hello -First post here and a newbie when it comes to commercial real estate development! Wanted to get some input/thoughts on how to attract national tenants for a build to suit project or ground lease.We own a highly...
I talked with a homeowner today who wants to do a short sale. They have the one loan with Boa, the house is currently listed with a realtor. I haven't had the pleasure of dealing with BOA yet so I'm not really familia...
Hi Everyone! I have a rental house in the state of Pennsylvania. Current tenant presented a letter and certificate to have a emotional support animal. My lease agreement has a no pet policy. She knew that and now I am...
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
One thing I'm currently struggling with is the order of operations.
1. Browse the market (MLS, Craigslist, Facebook marketplace) for potential properties, keep an eye and ear out for off-market (network)2. Pull aside...
Starting to transition my 25 rentals off my property manager and doing it in house. The plan is to manage a few myself with TenantCloud- then when I have my systems in place I am going to hire someone to do the book k...