I have listed a rental property for sale in Memphis, TN with one agent and my property is being managed by a PM. I have a few offers but need some input on the following:
1. Tenant is responsible for about $2k worth ...
In personal deals, delays are covered in a 'deal with it or walk' scenario by both parties...meaning neither party tries to recover expenses created by delays. Except banks.
Banks have clauses where buyer delays a...
Recently, I have been faced with a situation where I listed my home for sale and the buyer asked for an extension because they changed lenders. We accepted and gave them a two week extension totaling about 45 days und...
My partners and I are looking to find create ways to open up capital so we can continue to expand our portfolio.Our thoughts was to reach into our private networks to offer others an opportunity to buy into our invest...
I am purchasing a home using a wrap-around mortgage. The seller has an attorney writing up all the paperwork, but the question has come of insurance. The deed is staying in the sellers name until the loan balloons (6 ...
Hi everyone! I’ve only just began my REI journey, so please don’t judge this question, but PLEASE help me to understand how the numbers work to invest in real estate unless you pay for the properties in cash. Say for ...
Although my tenant has agreed to pay for fixing window (he's one of my better tenants), he is wondering how to recover this money from the person he suspects did it. He filed a police report when it happened. Does he ...
Hi,We bought and rehabbed a home and it's been active as a short term rental for almost a year now in Sedona, AZ. We are looking to pull some cash out to recover our rehab costs and having a hard time finding a soluti...
I have an opportunity to view a potentially offer on a cute 3/2 house in the most desirable community in my area for a house for myself. I anticipate the purchase price would be about $260,000. If I move out of my ex...
Hi All, Purchased an 8 family rental property in New Haven, CT. 6 of the units at my property are section 8. I closed on 9/20/18, and getting the Section 8 packets completed in that month was impossible. The rents for...