We are purchasing a 2BR/2BA single family rental in Las Vegas from my family. The current tenant has lived in the house for about 7 years now and have been on a month-to-month agreement since 2012. My family has inc...
Hi all, I am a newbee on this forum, hoping to get some guidance on my upcoming 1031 exchange.Scenario:I am selling my rental property with a 300,000 mortgage, and expecting to sell it in the range of 1,000,000, i.e. ...
Currently in the process of my first flip on a 2500sf 3bed 2bath detached home, and am contemplating the importance of hiring a staging company to come in and fix the "vacancy'ness" of the property. Will I see a ROI ...
Any information regarding annual rent increases, and if/how to increase rent from the start. How they generally go.
SFH in rural Western NC I manage myself. No insurance claims in the 2 years I've had this policy and rented out via AirBnB, VRBO, and Booking. A couple of claims against AirCover that have been well-handled. 2021 w...
Guys, I need some help in thinking through this scenario:
A property that has breakeven cash flow with appreciation in line with average inflation and minimal expense over 30 years. Lets say it cost 500k and I put do...
Hi BP! I'm looking to purchase a commercial multifamily property on the south side of Chicago, buying cash for $100k with a HELOC. The property is in good condition, cash-flowing..fully occupied. Buying this low with ...
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Details:
19 unit park - 18 tenant owned trailers and 1 SFR (manufactured home on horse property). Has city water and has septic.
Currently rent is 325/per lot and hasn't been increased in 10 years.
Purchase price...
I have a unit that is paying significantly below market rent. Let's say $800 in a $1000 market price area. I have it raised for $25 on 1/1.
There was a huge cost recently.
I want to raise it another $50 on 2/1. No...