Sali Armstrong
Assisted living rental
We took a risk and decided to rehab a commercial type property that is set up to be an assisted living facility. We have only rented out multi family in the past so leasing something commercial like this is out of our...
Ryan Pemberton
Has anyone heard of a 26% rule on making an offer?
Has anyone every heard of analyzing a rental property by taking 26% (or 74% of the monthly rent) off the monthly rent and multiplying by 60 months to come up with an offer price?Ex: $500/mo rent x 74%$370 x 60 = $22,...
William Walker
Got this email from PM
Yesterday I got the following email from my PM:"Hope you are doing well and had a nice holiday. I wanted to let you know that the current tenants have moved out of the home as of yesterday. They bought a house in Oak ...
Account Closed
Grrrrr!....Trespassers & More Trespassers!!
Hello BP community!
I closed on a flip property 3 weeks ago. The first day we arrived at the house, we found one of the secondary bedrooms locked. I had my boyfriend jump through the window from the exterior (which w...
Maryann L.
What have you offered to get homeowner to vacate?
I've run into my first situation where the homeowner is telling me they have NO WHERE TO GO. Interetingly he's had 4 months to prepare for this, but I won't go there at this time. We want to close in two weeks.
I'm...
Rod Desinord
Negativity and skepticism from family
I think the doubt is the hardest thing to deal with when it comes to people around me. Anyone else had that problem?
James W.
Exchange Traded REITs.
Hi,I want to understand what happens if a REIT pays 8% dividend, but then its price drops by 15% in the same year, because its traded on public exchange?This is not a fictional scenario. These are Starwood (STWD) numb...
Brandon Leffler
How would you seller finance this deal??
An elderly lady, Jane, owns 4 off market and an empty lot by one of my rentals. Jane wants to sell to me and escape of the headache of land-lording . She is too old to deal with tenants, maintenance, and she wants to...
Maria Vogel
Real estate agent required to ask a question to the seller?
I found a 6 plex for sale. In order to come up with a big enough down payment for the bank-I asked my realtor to ask the seller's realtor if they would consider owner financing part of the down payment. (about $100k)....
Bill Walsh
Florida Real Estate
I have been in the central FL area for 20 years. I have been investing for the last 10. I have made bunches of money the last few years in addition ot working a full time job. I am wanting to go full time investing...