Alvaro Rodriguez
Found a Deal with Foundation Problems
I found this house in this nice neighborhood in Houston Texas. The house has an asking price of $220k, and all the houses around it same size and same characteristics have been sold between $280k-$340k. After inspecti...
Dina Schmid
Negotiations When Purchasing Existing STR
We're under contract for a SFH that is currently in use as a STR. Inspection revealed A LOT more problems than we ever imagined a house of this young age would have. We asked them to address 5 items that we saw as the...
John Williams
Rent Reduction vs. Renewal Bonus
Hi all,I have a family that is considering renewing their lease for another year. One of the family members was laid off, so they've also asked for a temporary reduction in rent of $200 for the remainder of the year. ...
Hector Hernandez
Tenants insisting on rent discount due to repairs
I'm a relatively new landlord and am nearing the end of my first 12-month lease with my current tenants. The property is a 2/1 with me occupying a 300sqft ADU on the same lot. Recently we had some major water damage d...
Siqi C.
Can someone help me on the tax rate
I am trying to get my head around the tax rate. This website is very usefulhttp://myplace.cuyahogacounty.us/But I can't get around the numbers I see there. For a property in Shaker Heights city, the tax rate is 4.01%,...
Walt Waters
Logic behind add back principal payments
Hello everyone, Can someone please help me answer this...This question pertains to line 56, "Add Back: Principle Payments" in the REIpropertyanalyzer.xls. I downloaded the REIpropertyanalyzer.xls from BP and it's been...
Ingrid Nagy
My tenant wants to negotiate
In 20+ years this is my first request for a rent reduction and an educated one at that. Thoughts??
Good Afternoon Ingred,
I pray that all is well. In light of the recent a...
Ron Averill
Creative mathematics for deal analysis
I live in a college town, where both rents and property values on rental properties are stable and relatively attractive. It seems like it should be a great place to own rental property. But when I run the numbers ...
Tim Dailey
first rehab, landlocked house with easement, BRRR
Hi All,Finally found a deal in my farm area that fits numbers for buy, rehab, rent, refinance. The market has been tough to locate deals. I was hoping for a second (third fourth etc) set of eyes and ears to bounce i...
Adam Juodis
Property Tax increases after purchasing?
I was talking to my dad, who is very skeptical about buying rental properties, and he warned me to watch out for the government raising the property tax after purchasing the property.He told me that in his current hom...