hello,I'm new to REI but I think I found a pretty fair deal in a depressed area. I found a 5 unit building 4 1 bedroom 1 2 bedroom. Total rents $2275Taxes $150 Ins $90Gas $182 budget planWater $50Trash $35Sewer $50...
Hi,I'm wondering what other Maryland landlords do with their tenant's security deposits. I know it has to placed in an bank account within the state of Maryland. Do you open a savings account?Do you use an escrow ser...
Earlier this summer, my wife and I bought an older city town home that we renovated lightly (updated bathroom and kitchen), within a reasonable budget. We ran into a 2 month setback with our first contractor and decid...
Foreword: Any advice, tips and critique is welcomed. Just keep it constructive ;)I feel I have a deal in the works. Located in Ontario Canada, I have found a property that needs some TLC/reno attention.It currently is...
Don't want to bog you down with all the details but here is what I am lookinng at. I have a 3/2 and I'm looking to replace the bathroom on the main floor next to the kitchen which is not the main bathroom. It's old a...
While looking at the fixer upper homes that are in the market, often times I see rooms that are wall to wall 1970’s style paneling. I was wondering how some of the rehabbers out there, are handling this common type of...
Story speaks for itself. It is Detroit, and their is lots of Monday morning quarterbacking to be done on the decision making of the victims... but that's exactly the point. It's a good read to remember we need to stay...
Hello BP.
I'm looking for some advice and help. I have a tenet who I have not heard from in about 3 weeks. This tenant owes me now 2 months worth of rent. I've tried calling and texting this tenant but I have not re...
I'm a first time investor running the numbers on a triplex in central MA. 200k purchase price, 20% down payment and 5% mortgage. 3 units all rented at 1000 per month with assumed vacancy rate of 25%. Turnkey propert...
We're closing on a 6 Plex in a couple weeks and are having doubts. The property is in a great area (Class C) but with a need for more housing. Renting is never an issue. His leases are month to month and he pays al...