John Underwood
STR replacement cost insurance with increased building costs
I just received my Foremost insurance policy for our STR Lake house.We have replacement cost insurance, but the amount seems low in today's costs to rebuild. Our Lake lot is a good chunk of the value but still I wonde...
Valerie Zimmerman
Transition from 1 year lease to month to month
Hello,We live in the city of Milwaukee, WI. We are transitioning a tenant from a 1 year lease to a month to month lease. We are not increasing the rent at this time. My husband thinks we do not need to have them s...
Gareth Fisher
Debt to Asset Ratio Questions
Hey guys, Been looking around and trying to do some research on debt risk. The only measurement I could find was debt to asset ratio. I want to make sure as I take on buy and holds that I am not putting my famil...
Jason Yuan
Section 8 ask me to pay back 5 year rent for $44,000
5 years ago, i advertised my house for rent for $780. a lady said she has a section vouch for $760, but she can pay the difference of $20 from her pocket. so we signed the lease for $780, but she changed the amount to...
Christopher Castaldo
Alternative rent payment structure
Besides the standard 12 monthly rent payments due on the 1st, does anyone have any experience trying an alternative rent payment structure? I have been thinking about a bi-weekly or weekly payment syncing with the ten...
Logan M.
Zero Down Seller Financed MHP in a PRIME location
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $600,000
Cash invested: $1,200
This mobile home park, which I found on Facebook, comprises nine mobile homes ...
Jennyfer Sakiewicz
Sale & Purchase Agmt binding to successor trustees?
Trustee who executed agmt died. Successor says they don't have to honor it (bc they're greedy and the market has increased dramatically). It has binding clause. It has been renewed and extended twice, to expire 12/31/...
Caryn Seifert
How much liability insurance do you require your tenants to have?
Currently, I required them to have $100,000 in liability insurance. Would love to know what limits other LL are requiring. Property is located in Broward County, FL.
Seth C.
What's the MF equivalent of $1 in earnest money?
In the MF culture, what is the absolute lowest earnest money that won't be rejected out of hand? There are a number of reasons I want to go this route on a deal... Thanks!
Diego Briceno
Multifamily 6+ door Strategy (Commercial Financing)
Hi All, we are evaluating several multifamily properties (+6 doors), we are using mostly our capital to do this and financing via commercial loan (vs. single family or Under 5 doors). Those who have have done multifam...