Hi,We recently acquired a duplex. Shortly after, I was contacted my the economic development committee and the mayor of the town about a proposal to develop the area. Most home in the area are very old (90+ years old)...
I have a tenant that moved into a 4plex when the Cov-id issue first started. She is refusing to pay the rent now. She and the boy friend, who is not on the lease and just moved in are causing problems with the other ...
How do you guys market for off market property’s? What’s been the best strategy you’ve tried out?
Just bought a 3br - 1ba property. 56,000. Used Hard MoneyTenant was paying 700/m market 1100The place is a mess because tenant is close to be a hoarder. I can do nothing raise rent to 1000 and then get long term fina...
I recently had the privilege of speaking with two hard money lenders that I found on BP's website. They both were very helpful knowledgeable and kind.
After going over figures and options, one of the agents stated th...
An accountant friend advised not to take the 27.5 years depreciation because when/should I sell the property, federal taxes will be due on the total amount depreciated and written off. What do you make of this?If you...
Hey guys,
So I am very interested in Real Estate. I have read and learned a lot the past year about real estate investing. I love it and want to invest right out of college.
I am fortunate to say that I am going to...
I have been working to evaluate a deal for 16 units on a lake in the town I currently invest in. All financials have been reviewed and I have toured the property for a first inspection. I am confident in a purchase pr...
I just closed on a fourplex in North East LA and it is in terrible condition. Now before I dive deep into how much work this will be, this deal is the culmination of 16 ish months of hard, persistent work. We went thr...
Does anyone here have experience on the receiving end of these? Is it reasonable, customary, advised, or none of the above to allow a tenant to move-in based on the promise letter alone? Or should I wait for the check...