I've seen several multi-family home listings suggest that a 25-33% expense ratio was not only possible, but commonplace. In my properties, I've been operating at about 50%. Is this something that comes with economies ...
OK so im gonna lay out the facts:Found a woman who wants me to take her property in a short pay off. Not short sale. My understanding is that the noteholder agrees to a settlement amount and the deed is hers free and ...
I have a note holder who has a single note covering 26 properties in three different counties and two different states. UPB is in the vicinity of $700k. Is this even saleable? When I asked him what his attorney said a...
Hey awesome people and thanks in advance for your help :)I will describe a property I've been struggling with for the last few weeks and hope you can give me some feedback on it. I imagine most will shy away from givi...
Hello all, just closed on a tri and lo and behold had a move out before I could collect my first month from him. He did tell me he would be out before the first, and he was. No forward address. How long before he forf...
This year we've had a few problems with houses falling in disrepair due to tenant neglect. This is of course our fault for not strictly enforcing regular inspections. However, up to this point, our leases have had jus...
Hi all, Looking for tips on how to handle a situation in which a mixed-use property was inherited with three non-paying tenants who had been given permission by the now-deceased owner to occupy the property without pa...
I am considering the purchase of a duplex (my first rental purchase).
I have run all of the numbers on it, and found the following.
Based on current rental income and asking price, the cash-on-cash retu...
I was raised to believe that the most valuable asset in business, and in life, is integrity. Your word is supposed to mean something and personal ethics are paramount.
This week my article on the BiggerPockets Blog w...
I just purchased my very first rental property which I am managing and running myself. It's a multifamily complex and 3/4 units a occupied. One unit is empty as I am renovating it, one of the tenants will be leaving...