So me and my fiancee' purchased a fourplex back in february for about 500,000 as owner occupied. Since purchasing we've completed a number things maintenance etc. including raising rents--Unit 1 $1300 Unit 2 $1300 Un...
HI, I've got a 2 unit property. It's actually a single family house with a detached garage and an apartment above the garage. I've owned it for a little more than 4 years. I bought it for 202,000 and it appraised for ...
Has anyone bought a 2/1 and added an extra bedroom to increase rents? I know every market is different, but in general is it worth the extra investment to bring higher rent amounts? Any Denver peeps have experience wi...
We recently bought our first Duplex for $90k about 8 months ago in Columbia, SC. We purchased through an older woman who was renting it out for about 30% less than market value on month-to-month leases. Since we bough...
I told them when they moved in the hot tub and AC were luxury items that came with the house, but if they break I would not be repairing or replacing them. I can't recoup the cost of a 15K hot tub replacement by raisi...
Hello BP,Im reaching out for advice as I am unsure of how to raise rent with my tenant. It's a month to month verbal agreement with a good friend of mine. He pays every month and we've had no issues for the past 7-8 m...
Hi, I inherited a Tarrant Housing Authority Section 8 tenant when I bought this property around 2 years ago in Fort Worth TX. For the last 8-10 months I have been telling my property manager to talk to Tarrant Housing...
Damn I wish it would slow down. :)
I have 1 year leases and cannot play catchup on the rent increases fast enough!
The biggest shocker was my section 8 rental in a blue collar neighborhood. I have been getting $1,09...
The best investment advice I can give to newer investors can be boiled down to one item: PREPARE. One can hardly pull the trigger with any confidence if you don’t know your market well. Without this knowledge, you w...
Hello Everyone,
So I was thinking about something this morning and maybe I am drawing a blank. (The following scenarios are for rental properties.)
Scenario 1:
Lets say you find a house that you want to purchase for...