Jack He
Banked rent increase in Hayward
Hello,
I bought a property (rent controlled units) at Hayward. The previous owner did not increased rent for years. It looks the code only allows 10% annually for banked rents but tenant still has the right to peti...
Account Closed
assumable loans
I have been trying to obtain more properties to rent by assumable loans. I have found a large number of homes financed in the past 4 years that are assumable. However, the real estate agent I work with reuses to ...
Scott L.
Rental Renovation - Increased Rent and Break Even Time
If I renovate my rental property by doing $8000 in upgrades, I can increase rent by $200 per month. The break even is just over three years.Looking at only cashflow, would you do these upgrades? What reno returns do y...
Isaiah Stiverson
Raising Rents Compliently
Hello everyone. About to have my first multifamily property under contract with my partner in Cincinnati, OH. Got it for a good price once I raise the rents. All tenants are on month to month leases, and I know that r...
Kathlyn Lewis
Moving tenants didn't give 30 days on Aug 1 - can I prorate to cover extended time at a higher rate?
Hello oh lovely and generous BP community!Question that some searching didn't answer.I'm in Idaho and about to lose tenants who aren't happy with a rent increase - this is fine, we aren't upset to have to get new tena...
Arthur Fuller II
using the rental calculator
I have not made my 1st deal yet - that being the case I have a question about the wholesaling calculator (to sell to a renting investor) and the renting calculator.If I have never rented or flipped a rental how do I k...
Bryan Tupper
Strategy and Property Analysis: Am I on the right track?
Hi BP Community of Grand Rapids!
I joined BP earlier this year with the goal of learning everything I can about real estate investing and to purchase my first home in 2021. Through reading a few books to listen...
Katy Scherr
Emerald Coast RE agents - is this normal?
Hello BP!! I am curious if this is normal. I assume it is, maybe just not on this scale.I have been looking at condos in Panama City Beach FL for MONTHS as I would like to buy one a vacation getaway and to use as an S...
Jake Andronico
Has anyone successfully assumed an FHA or VA loan?
With interest rates continuing to make headlines, assuming an FHA or a VA loan at potentially sub 3% is increasingly attractive. I've set up search parameters in MLS to be able to see these pop up in Northern Nevada a...
Mary M.
Hypothetical MF investment scenario
BP family - I want to propose a hypothetical scenario and see what folks would do to safely /prudently increase worth and income. Assumption 1- MF owned free and clear valued at 1,000,000Assumption 2- apprx 6 CAP As...