BP-I turned my property over to property management in May of this year. Took 2+ months to find tenant. Selected tenant is now botching payments in month #2 of lease. In essence, PM has managed for 5 months- I have no...
Hi,
I maxed out on my Fannie loans so I have been searching for portfolio lenders. I found one that lends at the following terms:
Interest Rate: 5-year FHLB + 3.00%, floor or 5.95%
Adjusts every 5...
Hello Everyone-I recently purchased two rental 4-plexes. Today I came to know from tenants that one of the guy has moved out sometime back and there are still multiple folks come and go all the time. There are suspect...
Anyone ever rent to an attorney? Many property managers have horror stories and this one is mine, or at least part of it.I had an attorney that was late on rent for the third month in a row. I served him a 3-day Pay o...
Hello, I am wondering how many of you save on taxes. I met with a accountant and he is saying over 250k a year is at a income bracket of around 33% plus there is state tax and social security, etc. Sound like a lot ...
Question: My cousin and I are looking at a few properties in western Pennsylvania (just outside of Pittsburgh) . I've called around and I've got a few prices from settlement companies, but I don't know if I've been ...
Hey, anyone have any suggestions or recommendations about entering the markets of Oklahoma City or Tulsa?? We are looking for SFR or Multi family (2-10 units). We are also experienced in the flip game if that makes ...
After you pay the 50% operating expenses and principal/interest on your mortgage debts do many of you still manage to have positive cash flow or are you all hoping the property will just appreciate?
Here is a test f...
Is there a such thing as TOO conservative when analyzing properties?
Hi All, I'm in the middle of doing my first flip project and I'm in a bit of a tricky situation at the moment. I hired a contractor who I have worked with previously on several occasions for smaller jobs at my rental ...