Nehru Raju
Negative Cash flow on Second property
Hi,I recently purchased my first rental property in VA and it generates positive cash flow around 250 after all expenses, insurances etc.I am trying to purchase another property(Condo) in Franklin Park, NJ. With HOA a...
Jordan Hamm
Short Term Renters
Hey guys. I've got an applicant who's interested in a short term rental. They were about to buy but had to back out because their house was accidentally flooded by the previous owner. Anyway, they're willing to pay 3 ...
Melissa Aughavin
Over rent offer (1 yr) or multi-year (at ask)?
I need some help! I have a LTR that i received two very strong, equal applications. One is for three years at my rental asking price. The other is for only one year and they escalated over my asking price. I’m think o...
Glenn English
Should I spend the money on upgrading heat and a/c?
Just bought my first investment single family in Mass. It's a 1600 sq ft single family built in 1900. It has a steam boiler fueled by oil. Big radiators around the house so ideally I'd like to get rid of those, but...
Account Closed
Appraisal of a property with an ADU unit
I am working on refinance of my single family home with an recently developed ADU unit in the bay area that cost more than 300k to build and the appraiser only added 75k in value for the in law unitThe ADU unit is de...
Cory Melious
Long term tenant hit me with a clearly fake ESA letter
A tenant that I’ve had for about 5 years emailed me tonight with a ESA letter from a mail order website. Doctor is in Texas but say’s is certified in NY. It’s literally the first website that comes up when you google ...
Tim Nicholas
mobile home parks good deal bad deal
I found a small 6 unit mobile home park for sale in my area (D+ C-) they rent for a combined 4,800 a month. Tennants are set up on a 6 month lease and pay by the week. There is a 200 per month allowance for utilities ...
Ben Braddock
Staging Rental Units
I am considering staging rental units. Has anyone else tried this?Do you think I can rent a unit faster or for more money if it is staged?I've staged homes for rent and I've rented furnished apartments but I've never...
Shaniqua Dupree
First Deal... Offer submitted (15k)
Here are my thoughts. Am I on the right track? Am i missing anything. Do i need a realtor? I have a title company.Well i have a plan for this home i want to purchase. I submitted my offer today for 15k and was told th...
David Van Brunt
Tenant pays, but has become unreachable... worry?
I am in my first rental property, in Pleasant Prairie, WI (about 26 miles from where I live). The tenants are a young couple with kids, and the place backs up to a good school. All seems right, but at the same I am un...