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As we are getting into REI I assumed we would do traditional financing but as I am reading and learning, I am more interested in creative financing. Right now I am looking at an 8plex in Colorado and considering broac...
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My question is how do I go about getting a reliable person in my first duplex? I'm going to be living in one of the units though. And is it a good idea to let the tenant know I'm the owner?
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My husband and I bought a duplex which had tenants occupying one of the units. We had the tenants sign a new lease with increased rent and the addition of a security deposit ($200). They've been living in the propert...
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The tenants have lived rent free in this home for many many years. The owner is elderly and former father in law of the tenant. Her son (owners grandson) and his girlfriend also live in the home. The owner does not...
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Found a property and whom I assumed was owner but after speaking with him. He states he nor his father ( same name) have ever resided at this property. After scouring records and search engine sites for other possible...
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So we had to get the tenant, on the side that I needed to move into evicted.
They were supposed to be out by tomorrow. My PM is saying that I would have to pay a set out fee which is having 4 able bodied men to actu...
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Hello All!New to the game, and really trying to get my feet wet without getting in over my head!I'm looking at a couple of multi-family properties (4-plex, and 5 homes on acreage). I don't really have the 20% down pa...
Spoke to motivated seller and we agreed to 170000 at 1600 a month and I'm going to be assigning the deal so I'll be looking to make around 7k and step out of the deal. The motivated seller called his lender and the le...
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Hey all, I close on my first deal this Friday and I can thank you all for the guidance and encouragement that you have provided me for helping out the process. That said, I'll explain my situation and why I'm asking t...
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Hello,
As you can probably tell, I just joined the site. I found it while searching for ideas and insight on my current situation, and found it to be a great resource.
Anyway, I wouldn't mind some further insight an...