My previous tenant left with unpaid rents(6 months) 8k and damages about 9k. I ended up not repairing the damages and sold it for less than it would have been if damages weren't so bad. Now the debt collectors can't f...
Hello everyone! I am about to pull the trigger on an 8 unit multi family building in Delavan WI. The property is located in an area that is appreciating and growing rapidly. This will be my first commercial multi fami...
Error and Omissions insurance only covers so much and a quick google search has shown a variety of reasons why it might be a good reason including potentially lower taxes (I am going to need to research that more). ...
So when analyzing potential investments in the flood plain, do you just factor in the cost of the flood insurance? Assuming two properties are in the same part of town, but one happens to be in the 100 yr floodplain a...
A fellow contributor here, John Carbone, sent me a link yesterday to a lot for sale in the Smokies. The price certainly seemed reasonable. It so happened that I know the owner of the lot. He is one of our homeowner...
Greetings:
I am in the process of refinancing my home to take advantage of the lower percentages and reduce the length to 15 years. After research and consideration we decided to go with our bank (BofA). During my co...
Never thought this would happen but even in a hot, seller's market, Murphy finds ways to strike.I bought a fix and flip in Feb of this year and while I was remodeling, I saw houses in the same development, with the sa...
Hi, Fellow STR investorsCurrently, I am using a third-party PM software to automatically generate a door code that is the last 4 digits of guest's registered phone number and then manually set the same code on my Schl...
We did the Short Sale work on a property and recieved an approval letter. Some time after that the Realtor called us and the Homeowner (realtor is her aunt) and said the bank wants to see if it does not sell that they...
So I am considering purchasing a small 6 unit apartment complex in Cleveland, OH all cash. The rents are below market and i feel with a little work the building could at minimum at market rates. Then after a year or s...