Jeff Efird Jr
Looking for someone to help with investment loan/ capital
Looking to build multiple multi-family rentals and would like to know different options if getting funds besides using my own money. Any advice would be great.
Arthur Banks
Existing salon take over
Need a little help here. My sister, a beautician, is looking to take over the existing building where she conducts business. Apparently the owner is non too happy with current manager and is motivated to get a new...
Stephen Beaudoin
Worcester MA, First Failed Flip
Unfortunately, my first 'Deal Diary' post is a failure, but still better than a loss.Having received a lead from Craigslist, I followed-up and made an offer which was accepted. The deal was for 120k with an ARV pushin...
Gerald Marshall
Annual Rent Increase
Does anyone initiate the "Annual Rent Increase" in their lease contracts, where you use a percentage factor to increase your rents on an annual basis, even if you have some one sign a multi-year lease.
Account Closed
Best way to bill a tenant for fuel oil?
I'm a complete newbie to landlording. I just rented out half of my two unit two months ago (I'm living in the other unit). The units are on separate utilities, each with its own fuel oil furnace. I just replaced my f...
Samson Kay
Eviction - Sending a message or let it go?
I recently took over a building and am in the process of evicting a few of the previous owners tenants. They havent paid rent in 3 months and todays the day we see them in court. Before we walk in though, my lawyer as...
Nelson Tamayo Carralero
Tenant’s car damaged
Hello everyone I am a new investor in need of advice. A couple of months ago I bought my first house with the FHA loan. There were some repairs required by the FHA for closing but the previous owner refused the do the...
David Jayne
CREATIVE SOLUTION NEEDED!
BP Experts,
I have a tenant in a property nearing the one-year mark of a two-year lease. She just contacted me and told me she and her husband are getting a divorce, and she will no longer be able to afford ...
Deepak Malhotra
Fourplex in Georgetown, Texas, one of my worst deals
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $199,900
Sale price: $212,000
Fourplex north of Austin. It turned out to be a bit too far.
What ma...
Michael King
Is it worth paying for points?
I'm finalizing the loan for a 4plex. The loan is 30 years for $240K and the quoted rate is 5.125%. I can buy it down to 5% for $1013, or 4.875% for $1644.
If I buy it down to 5% I save $25 in interest per month. It w...