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Advice Needed : I'm taking over an Duplex with existing tenants
Advice Needed: I'm taking over a duplex with existing tenants. I have a few questions. Hopefully, you all can help me out.I have an offer on a duplex with existing tenants that’s going through the diligence period.The...
Burt Mcfadden
Agent won't tell me if lease exists.
Found a house we like, contacted a real estate agent to act as buyer's agent for me. Agreed to a price, signed a contract.Part of the home has renters. Supposedly it's a month-to-month rental agreement, and the rente...
Alex Bacon
Purchase of 4010 Montgomery Rd in Cincinnati
Investment Info:Large multi-family (5+ units) buy & hold investment in Cincinnati.
Purchase price: $415,000 Cash invested: $105,000 in just this building10 Unit MF in the Norwood area of Cincinnati close t...
Stephanie Sicard
Should I work with a realtor who doesn’t live near my area ?
I am in the midst of buying my first rental property and I am searching for an investor friendly realtor . I was contacted by a realtor who also has investments and who seems pretty knowledgeable . The only issue is ...
Adrianne G.
Learning multifamily rents - mls discrepancies
When analyzing potential deals, the very first question I have is “what are the rents”? However listing agents only rarely include this info in the listing (different regions have different standards, from what I’ve ...
Dustin Morgan
Loans & LLC's
I'm assuming banks do not lend to LLC's, so how do investors that hold their properties in a LLC's finance them through banks?
Lincoln Lewis
Buying Property with Tenants Already There
Hi, We're in contract to buy our second rental property so I'm a bit green. It's a duplex with tenants in both units with existing lease agreements. How do I deal with things like late fee policies, collecting rent...
Sam Leon
"Part Time" pseudo tenants?
ok have a situation I need some advice on.2/1 unit with tenants, father on the 50s and daughter early 30s. Current lease is a single page lease from last owner, with hardly any rules in writing, which I have to live ...
Jennifer Rysdam
Adding "guest" addendum?
I have a good tenant, in his 50's, that has his girlfriend staying at his apartment a lot. She passed the background check but doesn't want to be added to the full lease because she has her own apartment lease. Does a...
Sam M.
Short sale contract bnding or not
I am looking at a Montana short sale addendum to purchase and sale agreement and see the following:
Third party approval of the short sale/no binding contract
Buyer and seller acknowledge that the...