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Recently purchased a 20-unit apartment building. All units are individually metered, plus a common area meter paid by the owner. It is in a small rural town (qualifies as a rural community under USDA) definitions in W...
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Given the current capital markets and high interest rates, I wanted to share a quick breakdown of what owners should consider when doing loan assumptions as a strategy to get lower cost debt.
While loan assumptions ...
Hey guys,
This is my first time dealing with a "problem Tennant". I am unsure how to tackle this issue and hoping I can get some advice so I do not end up costing myself more time and money.
I have a tenant that has...
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my partner and I have some properties we want to look at, but we haven't established a LLC yet. we were wondering if starting one is even necessary. In what ways does it benefit you? why cant/shouldn't we just go out ...
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What system do people use for online rental payments from tenants?
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I am seeking to purchase an apartment building in the 6-50 unit range in the central Florida and coastal Florida areas, primarily in areas of Tampa and Brevard county, but also looking in the Orlando area.
I've foun...
Hi everyone,Contractors can be a touchy subject, as we all can agree. Too many times we run into contractors screwing people over, making up excuses, general lack of interest in the projects, lying, etc. etc. Too ofte...
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Hey BP,Just closed on my 1st deal, 3/2 1300 sq ft SF in Jacksonville. Paid $25,500, will cost $18,000 to rehab, ARV $65000. I'm using the BRRR strategy. Average rent price for similar homes in the area is $800-$850. R...
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I am hopeful that this question is not too basic. :) I have one rental property and wanting an LLC to manage expenses (avoid co mingling) and set up a more professional business structure for future purposes. Ques...
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I've got a doozy here. If anyone has a good solution for this, I will be hugely grateful.My wife and I are currently the owner of an LLC with 30 doors across 6 properties. We've been approached by a buyer to purchas...