Louie E.
Paying utilities vs not paying utilities
Good day. When does it make sense to make tenants pay utilities. I have this 4-plex on contract and the current tenants have the utilities included in their monthly rent. 2 are paying 650 and the other 2 paying 550...
Cal Rohrman
Creating second lease
Hey guys, I have a dilemma. I am currently creating a new lease for my "section 8" tenant and her voucher is only for $900. I want the rents set to $1100 and she is willing to pay the $200 out of pocket each month. I ...
Pete Harper
24 unit: Deal or No Deal?
I just finished running the numbers on a 24 unit complex. Property has been on the market for over 200 days. Asking Price: $888,000Gross income: $114,692Tax: $9917Insurance: $7000Utilities: $19,324NOI: ($15,000)Occupa...
Stephanie DeBerry
First House hack- Inheriting tenants
Hi everyone,
I'm closing on my first house hack on Monday, Nov 1. First time landlord.
The garage apartment has 2 tenants on a month to month lease- they want to stay. They're paying $650, market rent is $800-900, w...
Joshua Woods
First Duplex numbers check
Hey everyone! Just had a counter offer on my first duplex. Do my #s make sense? Two 1/1s in AZ.134k purchase with 4k closing to me. 25% (32500) down paymentCurrent rents are 800 and 650. Utilities included (🤮, I know)...
Karen F.
Section 8 allowables by town, unit size
It's useful to know what Section 8 will allow for apartments by number of bedrooms, bathrooms, town, utilities included or not. The housing authorities will not give out this information, even to the tenants, which m...
Ismael Ayala Jr.
Local housing authority paying less than the HUD 90-110% standard for local zip code?
My local housing authority put in some vague language to the payment standards for the landlord. And I need some clarification from those who are section 8 landlords.
Regarding the actual payment to landlords, they s...
Leo Lukenas III
Sale of personal residence
Investment Info:
Single-family residence other investment.
Purchase price: $353,000
Cash invested: $17,650
Sale price: $471,000
Utilized a VA loan %5 down. Transitioned the family to a nicer area...
Canneton Howard
Inherited tenants say utilities were paid by previous owner
Hey all, I'm looking for advice on how to handle a situation with a newly purchased duplex in Colorado Springs. After purchasing the property just a few weeks ago I was on site to work on some needed repairs. I was ta...
Rico O.
First Four Plex Offer
Hi every one, I have the opportunity to make an offer on a bankruptcy case. There are multiple offers on it at this time so my question is, what should I offer if the asking price is 300k and the property is not in ba...