Joey Nakayama
What would you do? Inheriting tenant with under market rent
It looks like I’ll be closing on my second 3 unit property in Chicago June 1 (finally!). Two of the units will be vacant by closing, and the third unit tenant’s lease expires May 31. This tenant would like to stay, an...
Account Closed
Wheelchair accessible homes
BP,
I got a lead from my neighbor about a house that is starting foreclosure. What is interesting is that every door was widened to accolade the owner who has a wheel chair. Also, from what I hear, walls have been mo...
Moshe Eisenberg
How can I find the right commercial tenant in Mixed Use property
Hi guys,
I'm about to go into contract on a 10 unit mixed use property. 8 residential occupied, and 2 commercial 1 of which is occupied. The building is a corner lot and the vacant commercial space is around 40' on t...
Crystal L.
Numbers like good but nervous as it's my 1st property .. just do it?
How long did it take you to get over your fears and doubts and just go for it?Scenario:$150000 for 6 1bed 1bath units (3 duplexes). Monthly rental income is $2400, w/ 50% rule NOI is 1200/mo, 20% down 15yr mortgage is...
Andrew Hypnarowski
Help understanding taxes from county website
I'm looking at a property in my local area and I was trying to figure out the taxes for the property. I went to the county website and I didn't understand what I was seeing. Can someone help me read this document.Than...
Ryan Kurth
Opening a Trust or Escrow Account For Property Management
So, maybe a stupid question, hopefully, an easy enough one to answer. We are going to be gradually taking on a lot of in-house property management, and according to WA state law, need to promptly deposit tenant securi...
Shawndi Jackson
Real estate investment
I just move to the US and I want to start investing in real estate . I have 300k save up currently and would like to know the best way to get started . Example : flips , rental etc ..
Joseph Gaffney
Multi family Property Search Question (Texas)
Looking to purchase my first multi family and I’ve analyzed 50 properties and maybe found 4 cash flowing ones in Austin. At this point I’m ready to just purchase a single family when the recession.Any tips for how to ...
Account Closed
Better to keep a great tenant or raise the rent
Hypothetically if you have a tenant that has been in your building for 20 years and does a lot to keep it in good shape but is paying $200 under market rate, would you get a new tenant by raising the rent or keep the ...
Aaron Chiles
When you have No credit score
So funny thing I think. My wife and I paid off everything but our primary house and have been living on cash for a while. I did buy car two years ago but paid it off on 13 month. So I tried to get preapproved to see w...