Im going to be buying a 20 unit apartment property.im doing seller financing with 15% down on a 395,000 price with a 6% interest monthly rent total is $8,215 when fully occupied, 17/20 are rentedmonthly expenses:water...
I’m in Pennsylvania. My prior tenant is threatening to take me to small claims court over my retaining part of his security deposit. I have a couple questions. Is a text message considered written notice?Do I need to ...
Hello all and thank for taking the time to read my questions and answering them!
I am a new investor in real estate and I am from West Michigan. My goal is to buy my first multifamily property by May of 2017. I am f...
Screening tenants is an important step in the property management process. By thoroughly vetting potential tenants, you can ensure that you choose reliable, responsible renters who will pay their rent on time and ta...
This is by no means all of the guidelines..... Just some basics. This past month FHA has gotten much more strict and fine tuned their guidelines. Single Family Residence or The rental units are an owner-occupied two (...
So I’ve come across a gentleman who has recorded several second position liens on various properties but can not locate the actual notes. It’s my understanding that this isn’t unheard of but looking for some directio...
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Are there any typical minimum terms that those providing seller finance impose on the buyer? Surely as the whole point of selling financing is to obtain a long term steady income, it wouldn't be in the interest of the...
I would appreciate some BP wisdom on this. We just bought our first property in Missouri and the PM agreement includes the following two sections that are troubling -- we haven't seen this language before. It se...
Recently I have been discussing establishing a partnership with a couple of investors in the same town who could bring in credit partners to get traditional bank financing.
So there's me, A, investment group, B, and c...