Jared Lundy
Need advice on whether to purchase a 5 plex
I am looking at buying a 5 plex in a very small town. It is about 15 min in between two other towns that have a population of 4000 and 8000. They are asking 100000 for it and it gross rents equal about 2250 a month. T...
Abi O.
Raise Security Deposit at Renewal?
Hello All I would appreciate getting your brilliant thoughts on a topic I am making a decision on.Situation: I inherited a tenant who had been in my building for 5 years when I purchased my 3 fam building 2 months ago...
Maureen F.
Maximizing Section 8 Rent -- Boston (Dorchester/Roxbury)
My son has a 3-unit house under agreement with a S. 8 tenant in a 3BR unit. (He will owner-occupy one of the units.) It's in the Dorchester/Roxbury area, I guess we could call it a C+/B- area. The current owner jus...
Matt Bowers
What should I do with inherited tenants that had verbal leases with prior owner?
(We're in Seattle.)This is my first post on BP!I'm closing on a triplex on July 31st that currently has tenants. The tenants are all month-to-month but two units only have verbal leases. Repeat: NO written lease. We w...
Clara Brashear
How can I increase the asking price of a rental property?
I want to buy a property to rent out. I am curious in what ways can I fix/upgrade a home to increase the asking rent price? What about upgrades that will increase the homes resale value? (Adding a room, different upgr...
Juan David Maldonado
What increases value of property
I want to increase the value of a property by 60k (currently at 65k) so I can use it for a HELOC. What areas of the house after remolding will bring more value after the appraiser does their inspection?
Weston Hunter
Newark, OH - Rentals
Hello,I've been listening to podcast/reading all about rental properties and I think the time has come to give it a go. I live East of Columbus, OH and have been looking for single family or small duplexes in the area...
Ian Gilligan
Initial bad cash flow - to buy or not to buy?
Hi all,
I have a verbal accepted offer on a house for $48k, with a long term tenant since 2008 paying $625 in rent (subsidized by County). The cash flow is bad at $75 on a 30 yr. But, it's a big 3/2 in a decent area...
Dan Gandee
7 Things To Consider When It's Time To SCALE!
When scaling a real estate investment business, there are several significant challenges that we had to overcome while getting to the 7 figure mark in holdings and roughly $10K net cash flow. Let me preface this to ev...
Michael Ives
No mortgage on property but it needs to be Renovated, Hard Money Loan or Conv. Loan?
Im currently about to acquire a single family detached with Seller Financing, however the property could make for a Great flip but also a decent rental property. The minor renovations throughout will seriously increas...