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Shortly after purchasing a 4-unit I had to evict a tenant. The unit was in very poor condition and required a full rehab. The renovation is taking longer than I had hoped and I've had a contractor there most days in M...
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I've been looking all over the place locally here. Everywhere seems to have a bait and switch return. Is this normal?Example:Price: $2.25milCap Rate: 7.3%Seems solid enough, but when I get actual detailsActual NOI: $1...
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Hello BP Community! I’m planning to begin the construction of two units on my single family rental property that currently houses a tenant that’s been there for the last 6 years.
The two additional units will be det...
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I bought a property on land contract. Renovations are going, and there have been some hiccups. I have a 3 year note at 6.5% and a 25 year amortization. We have a monthly payment of $1750/mo and it reduces the princi...
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I recently bought a home and the seller brought credits to the table. This was a 20% down second home and the credits ended up making it so I did not need to bring the full 20% down to the table. However, the bank did...
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With the difficulty of finding good deals these days, I have spent a great deal of time pursuing various search methods. I have back-checked and found that sellers that had a pattern of frequent price reductions event...
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Our Anchorage-based single family home tenants' lease is up in May 2020. They have indicated they are going to save up for a down payment on a new house and would like to rent two more years. Yay! They have asked i...
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Hello,I'm wondering if anyone has been in a situation where your current rent on a sfh is such that when you rented in last year (or prior year for those that experienced this a while ago) the rent was the average for...
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Hello All,I'm working on closing my first rental property and everything was going according to plan until the termite inspection revealed prior damage and higher than normal wood moisture content in the crawlspace. I...
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The real estate puddle is drying up in Atlanta. Rainbow days ahead.
Movoto.com's real estate trends report is showing that average price reductions have reached 5+ year lows (their data only goes back 5 years). A sel...