Hey everyone, I am in a unique situation and looking for advice on how to come up with an offer to my landlord. A couple years back, I was in talks with my landlord about purchasing the house I have rented out of for ...
Here is what I was thinking:
1) Buy rental properties under an LLC in cash to get the best deal with quick cash closes.
2) Perform any needed repairs and install tenants
3) Get a business loan (personally guaranteed)...
I have a solo 401k plan and want to use this and a non-recourse loan to invest in a rental property. The property I'm looking at needs a lot of work and so will not qualify for a loan. I can purchase the property with...
Here's my situation:
I have been working with a commercial broker for the last two years to find a good MFP, found it, got my offer accepted at 1,365,000.
I have a good relationship with a bank, have th...
I was thinking of using a property management company to handle my maintenance issues. I will continue to handle all other aspects of management. I'm finding it to become challenging to work a full time job and coordi...
Call comes in this morning for a mid 1990's 14*76 box, 3 bedroom, 2 bath vinyl/shingle with central a/c, stove, refer, washer, dryer, newer carpet and paint, on a private lot, vacant and ready to roll. The home is lo...
Hi everyone,I was hoping you may be able to get me pointed in the right direction. I recently received a lead from a family friend on a house to buy and flip. The deal looks very attractive. I have discussed this oppo...
I heard a BP podcast recently with Rachel Richards as the guest. She mentioned that she had bought a house and converted it into a boarding house type arrangement. She rented the bedrooms, and tenants had access to th...
I am about to close on my 5th unit in Jacksonville, FL and I am looking to put property management in place. I just have too much going on with work and church to deal with tenants and toilets directly. One company ga...
I am considering renting a 3 br apartment by the room. This is in a 3 unit house where I will be living in one of the units and the 3rd unit is rented with a typical lease.
Renting by the room makes sense for the loc...