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Is this a good deal ?
Hi all,im new to commercial / retail real estate investing.I found a deal today but im not sure whether its a good deal or not.Below are the details the NOI is Net Operating Income $181,220 this is my ...
Tracy Fascia
Thoughts on raising rent during pandemic in NJ?
Is it wise to raise the rent on an existing tenant who wants to renew the lease during this pandemic in New Jersey?
Rao Mu
Building small retail shopping center on 0.8 acre land
I'm thinking about developing a small strip center in a 0.8 acre land. The land is flat and square and no issues. Need to demolish two houses. Environmental seems clean. Demographics are excellent for central New Jers...
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Realities of Investing - Case Study - What Works, What Doesn't
Never met so many friendly cops on a police call. Kudos to the Phoenix Police Dept.The squatters never had a chance. This one is unique for me in my 25 years of investing in real estate. I went to my vacant property t...
Jennifer Shaw
Please help. Tenant asking for an insane relocation fee.
Tenant sent this today. Their rents is $950 each. There are two who live in our back units. This is a triplex, and I live in the front. They are asking for a 25,000 relocation fee. 90 day notice has been given for t...
Carlos M.
LANDLORD HORROR STORY
Hey BP hope all is well,
I went through a terrible experience this past week and wanted to share it with the BP community in the hopes that some people may learn from it.
I say this with much regret but over the wee...
Andrew Propst
5 Threats to Your Property Management Business
We are sure you have noticed a number of changes in the real estate industry during the past 14 months of Covid. Some of these changes have benefited the 3rd party property manager and some have hurt. Here are five ...
Oren K.
EM and Reps & Warranties: Do they survive?
So I just had a deal fall apart over Ernest Money (EM) and Reps and Warranties (R&W).
As a Canadian looking to invest for the first time in the US, I can't help but wonder if the standard practices are that diffe...
Jeff Scholen
Bank 90 day restriction on resale
The bank placed a clause in the warranty deed that restricts the resale of the home we purchased for 90 days above a certain amount. Anyone know why they would do this? This was a short sale.
Brandon Malone
Current tenant approved for Section 8. What should I do?
Last year I had a tenant apply for a two-year lease on one of my rentals. She had really good income. Single mother with three kids. One year into the lease, she informs me she's been approved for Section 8 with a vou...