Hi everyone! Do you increase the rent every year after a lease renewal? My tenant in Fredericksburg is renewing and I am not sure what is the average annual increase for rent in VA, since there is no rent control h...
Hi All,I have rented a property in California, San Jose .The current lease will be ending on September and the tenants are planning to continue the lease month on month basis.Due to Covid is it legal to increase the r...
New investor here in need of advice... I came across a deal on two rental homes that each value for ~$145k and the asking price is $110k on each. The builder completed the homes in '08 and rented them out instead of s...
Hi there,I am looking for advice on a current deal in Oak Lawn / Knox / Henderson area Dallas.This is a small <45 probably class B, Boutique unit, which has been gutted and rebuilt, almost 90% leased in a very shor...
Hello, I'm looking into closing on a fourplex (8bd 4 bath) down in the Mid-south region . I am using an FHA loan and bringing about 6500 (+ 2900 that is in escrow) to closing, I've got about 20k in Seller Concessions,...
We have pleasant, reliable, and non-complaining tenants with us for a year now, and we are thinking of extending their lease for two years instead of just one. The only disadvantage I can see here is that we may have...
I'm looking at purchasing a MHP, asking price is $220,000 with CAP rate = 12%. With 25% down and after expenses my ROI is about 21%.
I'm pretty sure the seller determined the price by starting with the CAP rate to g...
Hi guys, I'm brand new here (both to R/E investing and w/ BP) and I have a quick question as I'm reviewing deals from all sources. While my plan and financials does include property management for any location - for ...
Could someone help me kick around some ideas for exit strategy development? After talking to our lender about a loan mod they've requested that we submit a package covering what's going on, how we want the loan to be ...
Hi Everyone!This is a quick update on the current Rental Market in Orlando and the Central Florida Region.We are living in exciting times. This is the highest Real Estate Market we have ever seen. Landlords are making...