I have a prospective tenant that is eager to move b/c he is living out of a hotel now (in the midst of a divorce; divorce hasn't finalized yet).He hasn't started the application process yet but when I mentioned cost t...
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Hello all,I have had a property since August 2017 that’s been undergoing a slow rehab. A month or so ago, I received a letter in the mail from the county informing me that there is a code violation for all sorts of r...
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What do you all think the definition of a contingency fund is? I am the money partner on a major rehab project - my first. My business partner is an architect and is fairly knowledgeable about the market, which is...
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Hi all,
So I am in contract with a property that is a flipped property and was built in 1917. The home and pest inspection were done on Wednesday, and Friday the plumbing inspection was done. Only problem is that onl...
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So I'm hearing major cuts across HUD, but housing will be wrapped in an infrastructure bill. I also have read the city of Houston has revoked 900 vouchers from applicants who are not currently in housing. Thoughts?
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Hi everyone,I have one-year lease with the tenants. Tenants moved in in February but have requested maintenance very frequently. It has cost me $4000 since they moved in.The most common issues is plumbing. They use “f...
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Hello - I just got under contract with my first property! It's a large (4000 sqft) multifamily brick home in St. Louis. It's a "fixer upper" and not in rentable shape currently, and the kitchen and bathroom are both f...
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We're currently halfway through development planning (including soft costs) to a coastal multifamily development project. Looking for any anecdotal references on developers who have delayed current WIP projects due to...
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I'm holding a performing note in the $50K range at 7.5% interest with 1 year of seasoning and a balloon payment at the end of 15 years.
I have no way of knowing the credit score of the home owner. He's an active inve...